- Coinskid sees XRP in a complex Wave 4 correction within a descending triangle, compressing against major support.
- $1.90 is the key support and invalidation point—losing it could completely change the bullish outlook.
- If support holds, a final 5th wave “blow-off top” could unfold in Q4, but patience and confirmation are essential.
Popular crypto trader and analyst Coinskid believes XRP is currently moving through a complex Wave 4 correction following a strong five-wave rally from the June low. According to his Elliott Wave analysis, Wave 2 took the form of a zig-zag pattern, and Wave 4, by nature, often plays out as a more complex structure.
The Descending Triangle Setup
Coinskid explained that XRP’s price has been consolidating inside a descending triangle with three consecutive lower highs compressing against a major support level.
This compression, he suggested, typically leads to expansion, which could unfold in one of two ways: either a downside break leading to a leading diagonal setup, or a strong continuation move higher.
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I have been saying for a while I think #xrp is in a complex wave 4 correction after an explosive 5 wave move up from the June low.
Wave 2 was a zig zag.
Wave 4 is usually complex and alternative to the zig-zag of wave 2.
If you have been tuning into my #xrp video updates you… pic.twitter.com/d3GVCF3UiA
— CoinsKid (@Coins_Kid) September 26, 2025
“If we do see the expansion to the downside, it could give us a setup for the final 5th wave into a huge blow-off target into Q4,” Coinskid said.
The analyst emphasized that XRP’s monumental support sits at the $1.90 level, established on June 22, 2025. This price point serves as both the invalidation level for the impulsive third wave and for the potential leading diagonal formation.
“If this support is lost from here, it changes the game completely,” he warned, stressing the importance of patience and discipline while the triangle resolves.
Q4 Outlook
While not all descending triangles break to the downside, Coinskid remains focused on the possibility of a final blow-off top in Q4, provided support holds and expansion unfolds in line with his Elliott Wave roadmap.
His message to the XRP community was clear: remain patient, wait for confirmation of expansion, and respect the critical support levels that could define the next major leg of XRP’s market cycle.
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