Could Ripple (XRP) touch new all-time highlights? Wave 3 setup suggests

XRP sees increased volatility, which at the end of his consolidation phase culminated in a dramatic wick to a double bottom near $ 2.70. Analysts note that such sharp movements are typical of consolidation -end points and often indicate an imminent ‘trend shift’.

The current pattern remains valid within a Golf 2 count, provided that the level of $ 2.70 applies; Every break under this threshold would reset the Elliott wave structure and invalidate the current bullish prospects.

Wave 3 incoming?

According to the latest update of Casitrades, the current market behavior suggest That the wick was largely powered by surplus traders, rather than the ‘true intention’ of the market.

After the dip, the price action quickly recovered above the macro 0.5 Fibonacci racement at $ 2.79, and since then candle bodies have consistently respected this level. Observers expect a potential small retest of support from $ 2.79 before XRP Wave initiates 3 upward momentum.

During this retest, traders will look forward to a lower low candleline, ideally accompanied by a bullish divergence on the 4-hour RSI, which could serve as a strong buying signal.

If the XRP drops under $ 2.70, the Wave 2 scenario would be invalid and the following significant support is expected with the Macro 0.618 Retracement near $ 2.6. For now, maintaining $ 2.8 indicates that the market structure remains intact.

Looking ahead, the bullish scenario is intact, with large resistance goals at $ 4.00 and $ 4.40, in accordance with the 2,618 and 3,618 Fibonacci extensions of the projected Golf 3. The coming days will be crucial, and $ 2.8 could potentially serve as the crucial level.

If it holds and bullish divergence develops, XRP would see a new of all time high and the subsequent start of a strong Golf 3 impulse.

This setup has emerged in the midst of ongoing adoption -initiatives and strategic developments in the XRP ecosystem.

Market maturation and ETFs

In a statement to CryptopotatoAlexis Sirkia, captain of the yellow network, said that the XRP process is formed by the maturation of the market, in particular with the launch of the first US XRP ETFs.

According to Sirkia, these ETFs not only represent new investment processes, they also indicate a growing acceptance of the regulations and create a clearer path for XRP, an active focus on cross -border utility and compliance.

After having observed this ecosystem since its foundation, Sirkia sees these progress as an instrument for the permanent vision of XRP. He also said that “the temporary silence in the chain this week before Xrp proves the wider Altcoin delay instead of any error in the fundamental power of the XRPL.”

He went further:

“If institutional adoption via ETFS and RLUSD integration wins on the grip, we can expect that this dip will quickly reverse the transaction volumes and XRP will be back to its role to its role as a vital bridge between Tradefi and Defi. The real test of a digital assetity, including the ranking, also, the one -the -one, but also the, in the ride. Ecosystems.