Top Analyst Highlights What to Trigger XRP Price Blast
XRP is trading near $1.49 on the monthly chart, and crypto analyst EGRAG CRYPTO (@egragcrypto) believes the asset is positioned at the start of a significant structural move. His latest analysis applies Elliott Wave theory to XRP’s price history.
He believes the asset is in the early stage of Wave 3 and described it as the beginning of the blast.
The Elliott Wave Structure
EGRAG CRYPTO’s chart maps a five-wave impulse structure across more than a decade of XRP price action. Wave 1 developed between 2014 and 2017. Wave 2 followed as a correction, pulling the price back substantially. Wave 3 then produced a significant rally into early 2018, followed by Wave 4 and an extended Wave 5 peak.
The analyst identifies the recent price action, labeled as an ABC correction on the chart, as a completed Wave 2 reset within a new, higher-degree five-wave cycle. According to his count, XRP completed that corrective sequence at approximately $0.96. XRP’s direction changed after the surge at the end of August, and it has begun advancing into what he believes is Wave 3 of this new cycle.
#XRP – WAVE 3: THE BEGINNING OF THE BLAST? 🌊:
From an Elliott Wave perspective, this is getting VERY interesting.
If the current ABC correction completed Wave 2, then what comes next?
🔥 WAVE 3.
And Wave 3 is typically where the real expansion happens.
My MACRO roadmap:
🎯…
The Fibonacci Targets
EGRAG CRYPTO outlines three price targets for Wave 3 based on Fibonacci extension levels. $8 aligns with the 1.236 extension. $15.09 corresponds to the 1.414 level. $31.19 sits at the 1.618 extension. His chart annotates these levels clearly against the current price channel.
The analyst notes that Wave 3 “is typically 161.8% of wave 1.” His chart also confirms that Wave 2 retracements typically fall between 50% and 85.4% of Wave 1, and that Wave 4 corrections are typically 14.6% to 38.2% of Wave 3.
The Confirmation Level
EGRAG CRYPTO sets a clear condition for confirming his wave count. XRP must take out the previous high in the $3.40 to $3.50 range. He describes clearing that level as “a MAJOR signal that Wave 3 is truly underway.” Until that happens, the count remains unconfirmed.
The price sits well below that threshold. The price action has yet to validate the move he describes.
Wave 3 Is Not the Final Move
A key point in EGRAG CRYPTO’s analysis is that Wave 3, even if it reaches the projected targets, does not represent the end of the cycle. His roadmap includes a Wave 4 correction after Wave 3 completes, followed by a Wave 5 expansion. He states explicitly: “Wave 3 IS NOT THE END.” His macro roadmap envisions a multi-year structure extending toward 2028 and beyond.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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