1. Wave 3 firmly underway
A 4‑hour Elliott wave count shows XRP is in the midst of Wave 3, the strongest impulsive wave—following completion of Waves 1 and 2. It's currently consolidating for Wave 4 within $2.99–$3.24 Fibonacci retracement levels, setting up for continued move higher .
Similarly, daily timeframe analysis also confirms this impulsive phase (Wave 3 of 3), with invalidation if price drops below $2.23 .
2. Targets within wave 3
Potential targets for Wave 3 vary:
**$13–$15** based on Elliott Wave setup, amounting to a possible ~600% rally .
More conservative estimate of $13–$15, extending potentially to $26–$33 depending on extension .
3. Wave 5 & the future path
Some analysts, including Steph_iscrypto and Binance Square data, believe XRP is approaching Wave 5—the final bullish leg following completion of Wave 4 .
Others propose this rally is still in Wave 3, and Wave 5 may come much later, possibly propelling XRP into double-digit territory (beyond $10, potentially toward $20–$30) .
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🔍 Summary & Technical Dynamics
Level / Concept Detail
Invalidation A close below ~$2.23–$2.29 invalidates the current impulsive wave count
Next resistance zones ~$3.24, then ~3.62–4.20 area (potential Wave 3 peak zone)
Strategic entries Ideal “buy-the-dip” levels: during Wave 4 correction between ~$2.99–$3.24 (4‑hr chart) or ~$2.36–$2.29 (daily)
Upside scopes Wave 3: $13–$15; Ultimate Wave 5: up to $20–$30 in an extended bullish scenario
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🎯 So, what happened after 5 PM?
Assuming that your reference to “after 5:00 PM” aligns with recent analysis timestamps (e.g., FXStreet's July 21 @ 05:19 GMT), the Elliott wave structure remains consistent: the current bullish impulse (Wave 3) is progressing, with next short-term retracement (Wave 4) expected before continuation toward higher targets. No significant shift in count occurred post-5 PM—still bullish, still in Wave 3.
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