   
XRP could be on the cusp of a major rally as the technical data points to a bullish springboard setup.
Analyst GainMuse notes that XRP’s rising support and rising lows indicate strong upside momentum, pointing to a possible breakout if key resistance holds.
XRP is currently trading at $1.39 per CoinGecko, hovering near key support between $1.33 and $1.36.
Well, the potential recovery zones are between $1.44 and $1.46, with resistance between $1.62 and $1.65. According to GainMuse, holding this support could pave the way for a major breakout, which would mean a mega bullish move for XRP.
XRP Sees Peak of $15-$31: Elliott Wave Signals a Potential Breakout
Complementing the bullish sentiment, noted analyst EGRAG CRYPTO highlights XRP’s Elliott Wave setup, which predicts a potential upside to $15-$31. Key points:
 - Wave 1: XRP rose 814%, showing strong momentum and a by-the-book impulsive wave.
- Wave 2: The current pullback follows 50-61.8% of Wave 1 and remains within the macro channel without another invalidation.
- Wave 3: XRP needs to regain the Wave-1 high with a weekly close to trigger Wave 3 and momentum expansion. Until then, it is in a corrective phase.
This Elliott Wave perspective underlines both XRP’s disciplined market structure and its high upside potential.
Therefore, XRP is in a crucial consolidation phase, where maintaining upside support and regaining key resistance is essential for the next phase of growth.
GainMuse highlights short-term technical signals, while EGRAG CRYPTO frames the potential rally within the Elliott Wave structure and provides long-term market outlook.
In conclusion, if XRP regains its Wave-1 high and momentum increases, the bullish scenario could rise, which could attract both private and institutional interest.
The asset is at a pivotal point, teetering between consolidation and a potential explosive breakout, fueling $1,300 price speculation amid BTC weakness.
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