XRP Price Could Surge Above $3.8 If ABC Wave Structure Holds
The XRP price is following an Elliott ABC Wave pattern, indicating a potential upward movement. Analyst Dark Defender states the structure could lead to a rally if the current corrective phase completes as expected.
ABC Wave Pattern to Drive XRP to New Highs
- XRP's price setup began forming in July 2025 after reaching $3.66, initiating a corrective pattern.
- The price retraced towards $2.85, establishing Wave A.
- By early August, XRP rebounded to $3.33, marking the B Wave peak.
- Currently, XRP is in the Wave C phase, with projections suggesting a decline before a significant upward move.
- Critical price interaction points include $3.333 and $3.364, which saw rebounds.
- XRP’s RSI movements align with wave progression, indicating dips at reversal points.
- If the structure holds, XRP may see upward momentum, potentially exceeding $3.8, representing a 21% increase from its current trading price of $3.14.
XRP Price Eyes $5.8 Breakout After Bounce
- XRP bounced from $3.333 and resumed upward movement after the corrective structure.
- As of the analysis, XRP traded near $3.06 within a consolidation range, with $3.33 as a resistance barrier.
- If cleared, a rapid rise towards targets of $4.39 and $5.85 is projected, equating to surges of approximately 39.8% and 86.3%, respectively.
- Support levels are noted at $3.05 and $3.00 for potential buyer intervention during retracements.
