XRP’s Third Wave: Technical Signals Point to a New Bullish Phase
XRP, Ripple’s native token, is drawing renewed attention as technical analysts highlight the start of a new bullish phase, commonly referred to as “Wave 3” in Elliott Wave theory. After months of consolidation and legal uncertainty, XRP has rebounded from key support levels and is now trading around $2,18, with market watchers closely monitoring the crucial $2,25 resistance zone .
Technical Set-Up: Why Analysts Are Watching XRP
Recent price action shows XRP bouncing sharply from $2,07—a level identified by analysts as a confluence of technical supports, including the 0,618 Fibonacci retracement and the 1:1 extension of wave C . This rebound is widely interpreted as the end of a corrective phase (Wave 2) and the beginning of Wave 3, which, in Elliott Wave analysis, is typically the most powerful and sustained upward move .
• Key Resistance: The $2,25 level is now in focus. A decisive breakout above this price could confirm the start of a larger rally, with analysts projecting near-term targets between $2,45 and $2,69 .
• Broader Outlook: Some forecasts suggest that if momentum continues, XRP could approach $5 in the coming months, with even higher targets possible by 2026 as legal clarity and ecosystem upgrades drive adoption .
Legal Developments: Ripple vs. SEC Nears Resolution
Investor sentiment has also been buoyed by recent developments in the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Ripple’s CEO, Brad Garlinghouse, recently indicated that both parties are moving to end their appeals, signaling a potential close to the case. While neither side has officially withdrawn, the market is reacting positively to the prospect of legal clarity, which could further support XRP’s price action.
Timeline for a New All-Time High
Market commentators, including prominent XRP influencer Zach Rector, suggest that the combination of technical momentum and legal resolution could propel XRP to a new all-time high within the next 30 to 45 days. At its current price, XRP would need to rally approximately 76% to surpass its previous peak of $3,84. Some analysts are even more bullish, pointing to potential long-term targets as high as $17,5, though such projections remain speculative.
What to Watch Next
• Short-Term: Watch for a confirmed breakout above $2,25, which could trigger further gains toward $2,69 and beyond .
• Medium-Term: Legal clarity and broader crypto market trends will play a key role in determining whether XRP can sustain its momentum and reach new highs .
• Long-Term: Continued adoption, ecosystem upgrades, and regulatory developments could set the stage for even higher price targets by 2026 .
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
