This resistance, described as the Ultimate Resistance, was tested multiple times over the years before being decisively breached on the six-month candle. The breakout, which resulted from a strong bullish candle in the second half of 2024, aligns with the start of a massive Elliott Wave 3.
According to the 361.80% Fibonacci level drawn from the base of the prior waves, the third wave is expected to push XRP to a target of approximately $18.22. Once this target is hit, a corrective Wave (4) may briefly slow the pace before the final impulsive move to new highs.
The timeline implied by the candle structure and wave count stretches toward 2027–2028 for the full completion of this five-wave cycle. If XRP continues to follow this technical roadmap, the cryptocurrency could go through the most explosive growth phase in its history.
At the time of writing, XRP is trading at $2.30, down by 2% in the past 24 hours.
