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- XRP may be nearing the end of its fourth Elliott Wave, signaling a major breakout.
- Fibonacci targets point to potential highs between $6.75 and $27.
- XRP has rebounded 9% in 24 hours, reflecting growing bullish sentiment.
XRP could be entering one of its most critical moments in years. According to a new analysis by EGRAG CRYPTO, the digital asset is nearing the completion of its fourth Elliott Wave — a technical setup that often precedes a major bullish surge. Despite a brief consolidation around $2.20, XRP’s resilience above key support levels suggests growing strength before what could be its long-awaited “fifth wave” rally.
Elliott Wave Theory Signals a Massive Upside
EGRAG’s five-wave structure highlights XRP’s long-term pattern of impulse and correction. The analyst believes the fourth wave — a cooling-off phase — is nearly complete, setting the stage for the “Power of 5” to unfold. Historically, similar setups in 2017 and 2021 triggered some of XRP’s strongest price runs. On his chart, recurring support zones formed by EMA bands indicate that XRP could soon follow the same bullish rhythm once again.
Fibonacci Levels Suggest a Path to $27
EGRAG’s analysis uses Fibonacci extension targets to outline potential resistance levels for XRP’s next move higher. These include $4.78, $5.51, $6.75, and $18.25, with an ultimate projection as high as $27 — a level that would mark a new all-time high. He argues that this next phase could “break disbelief,” as traders betting against XRP risk missing what could be a historic rally.
Also Read: $20 XRP Ahead? Grayscale, Franklin Templeton, and 21Shares Set ETF Dates
Market Sentiment Turns Cautiously Bullish
At press time, XRP trades around $2.49, gaining 9% in the last 24 hours after bouncing from recent lows of $2.12. The broader crypto market is also showing renewed momentum, with total capitalization up 4.4% over the same period. This rebound could signal shifting sentiment as investors prepare for the next leg of the bull cycle.
If EGRAG’s projection proves accurate, XRP could soon enter one of its strongest upward phases yet. Holding above support and building momentum, the asset’s next move might not just be another rally — it could redefine its long-term trajectory.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
