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- Elliott Wave analysis suggests XRP could rally toward $3.82 in 2025.
- Maintaining $3 support is critical for bullish momentum.
- Whale activity and macro signals add uncertainty to short-term price action.
XRP traders are closely monitoring Elliott Wave signals that could indicate a powerful rally ahead in 2025. According to analyst CasiTrades, XRP is currently in the second stage of the Elliott Wave cycle, with the third wave often delivering the strongest upside momentum.
Elliott Wave Signals a Bullish Setup
CasiTrades highlighted that Wave 3 may push XRP toward higher resistance, beginning with a retest of $3.65. If momentum builds, the 2.618 Fibonacci extension places the first major target at $3.82, a level often referenced as XRP’s debated all-time high.
However, the bullish thesis hinges on one key condition: holding above $3 support. Casi stressed that a breakdown below this level would likely flip sentiment bearish, erasing the current bullish outlook.
Recent Losses Pressure Short-Term Sentiment
Despite longer-term optimism, XRP has faced steep declines in recent weeks. After reaching $3.35 on August 14, the token dropped 6% in a single day and extended losses by another 6.62% over five days, pulling prices below $3 to $2.88.
On-chain data shows mixed whale activity. Wallets holding 10M–100M XRP reduced positions by 460M tokens, while smaller whales with 1M–10M XRP increased holdings by 130M tokens. The divergence highlights uncertainty across investor groups.
Support and Resistance Levels to Watch
The correction also pushed XRP below its 50-day Simple Moving Average (SMA). Analysts identify $2.78 as the first support zone, followed by $2.60 if weakness continues. On the upside, reclaiming $2.99–$3.00 could reignite bullish momentum.
Fellow analyst EGRAG suggested that a monthly close above $3.30 would strengthen hopes for a September recovery. Without it, momentum may stall heading into autumn.
Meanwhile, broader market sentiment could shift this week as Federal Reserve Chairman Jerome Powell speaks at Jackson Hole, a key event that may influence crypto markets.
XRP’s short-term struggles contrast with longer-term bullish signals from Elliott Wave theory. Holding $3 support is crucial to maintaining momentum, with targets set between $3.65 and $3.82 in the next major rally. As whales reposition and macro events unfold, September could prove decisive in shaping XRP’s path toward a potential 2025 breakout.
Also Read: Why Did XRP Break $3? Inside the Macro Storm and Liquidation Spira
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.
