is holding steady above the crucial $3 level, signaling a strong bullish continuation pattern. The asset’s Elliott Wave structure suggests it’s currently locked in Wave 4 — a classic consolidation phase — before a potentially explosive Wave 5 breakout.
🔍 The Setup: Elliott Wave Structure In Play
Prominent analyst Dark Defender revisits his July 6 projection, where he mapped out a macro bullish wave pattern for XRP. According to that analysis, the target was initially $3.61 — now well within reach. On the daily chart, he now shows XRP completing Waves 1, 2, and 3. With Wave 4 now forming as a sideways structure, the stage is set for Wave 5 — which he targets at $5.8563.
⚠️ Disclaimer: This is not financial advice — just a technical outlook based on wave structure. His previous $3.61 target remains active, but if current support holds, the $5.85 level could be a realistic target in the next impulsive move.
📉 Key Support Holding at $3.07
XRP is maintaining key support near $3.07. As long as this level holds, the bullish wave scenario remains intact. A break below could invalidate the structure, but all eyes remain on the upside potential.
📈 Monthly Close Above $3? History in the Making
For the first time ever, XRP is on track to close the month above the $3 mark. This milestone could mark a major sentiment shift and kickstart a fresh round of institutional and retail interest.
Analyst Sonia highlights the cleared breakout zone between $1.97 and $3.01, noting that this paves the way for psychological targets at $4.50 and even $6.00+. However, she emphasizes that maintaining monthly support above $3 is critical — any dip below would risk a false breakout.
🧭 Price Discovery Zone Activated
With no historical resistance beyond $3, XRP has officially entered a price discovery zone. The technicals, momentum, and wave theory all align — but traders must watch the $3 level closely. Bulls hold the upper hand for now, but caution remains the name of the game.
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