- Analysts suggest XRP consolidation may precede another bullish price expansion phase.
- Technical signals indicate XRP momentum remains intact despite short-term consolidation.
- Fibonacci projections highlight potential XRP upside as corrective structure develops.
Analysts at Elliott Waves Academy have drawn renewed attention to XRP’s recent price action in a detailed technical update shared on X. The analysis focused on structural signals on the XRP/USD 4-hour chart, suggesting the recent surge may still have room to develop. Their assessment highlighted Fibonacci extensions and wave behavior that point to a consolidation phase rather than a trend reversal. According to the analysis, this pause reflects a corrective phase within a broader bullish structure.
According to Elliott Waves Academy, XRP has already completed a strong third wave after moving beyond the 261.8% Fibonacci extension. That advance confirmed the strength of the prior rally and shifted attention toward what follows. Instead of pushing higher immediately, XRP transitioned into a tighter trading range. Such price behavior often signals consolidation rather than weakening demand.
Moreover, the analysts explained that XRP is likely forming wave four on the 4-hour timeframe. This phase typically emerges after aggressive rallies and tends to develop through sideways or complex movement. Unlike earlier pullbacks, this structure often requires time to mature, as Elliott Wave principles suggest alternation that contrasts with the sharper second wave seen previously.
Support Levels Define the Current XRP Structure
Significantly, key support zones remain near $2.16 and $2.09, aligning with the 38.2% and 50% retracement areas outlined in the analysis. Holding above these zones keeps the broader bullish structure intact, while a sustained move below them would weaken the current technical outlook.
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Price action above former channel resistance also remains important, as the earlier breakout above the descending channel supports trend continuation according to Elliott Waves Academy. Additionally, overlapping candles combined with reduced volatility reinforce the corrective narrative, as such conditions often appear before directional momentum returns.
Analysts Map Potential Path for the Next XRP Move
Fibonacci projections on the chart point to potential upside targets at $2.43 and $2.62, which analysts described as typical extension zones for a fifth wave after consolidation. Consequently, traders are closely watching the upper boundary of the current range, as a confirmed breakout could signal renewed bullish momentum.
Volume trends also remain under observation, with analysts expecting expanding volume to accompany any sustained upside move. However, short-term uncertainty persists while XRP trades sideways, suggesting consolidation may continue as the market seeks stronger directional conviction. Despite the pause, the broader technical structure still favors buyers, and according to Elliott Waves Academy, XRP remains positioned for another upward move while support holds.
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