Bottom Locked at $2.30 — Wave 3 Could Surge Toward $10

XRP Finds Critical Support at $2.3 Amid Descending Channel According to market analyst Ether Wiz, XRP has established a strong support level at $2.3, marking a potentially pivotal point in its ongoing price ￰0￱ of now, XRP is trading at $2.42 , hovering just above this lower boundary of a descending channel, signaling a crucial area where buyers may step in to stabilize the ￰1￱ channels typically indicate a bearish trend, with prices making lower highs and lower lows over ￰2￱ fact that XRP has found support at the channel’s lower edge suggests that market participants recognize this as a value zone, potentially halting further downside in the short ￰3￱ Wiz notes that this support level has historically acted as a buffer, absorbing selling pressure and allowing accumulation to occur before any significant upward ￰4￱ is caution needed?

Well, XRP’s approach to the $2.3 support marks a low-risk entry for potential rebounds. A confirmed bounce here could trigger a stronger rally, while a break below the channel may signal further downside, underscoring the need for careful risk ￰5￱ the market remains volatile, Ether Wiz suggests that XRP’s support at $2.3 could act as a launchpad for short-term gains, particularly if bullish sentiment strengthens. XRP’s Technical Outlook: Analyst Sees $10+ as Conservative Wave 3 Target According to Korean market analyst XForceGlobal, XRP is on the verge of a significant breakout , with a conservative Wave 3 target projected at over $10. The analyst highlights that the macro structure paints a distinctly bullish picture, underpinned by clear accumulation patterns and a firmly established price floor following nearly a year of ￰6￱ the past several months, XRP has traded within a compressed range, reflecting investor hesitation amid broader market uncertainty.

However, XForceGlobal’s Elliott Wave analysis suggests that the asset has completed a prolonged corrective phase and is now transitioning into a new impulsive cycle, one that could potentially propel prices into double-digit territory. “The local charts may appear choppy, but the macro view shows strong structural integrity,” the analyst noted. “After such a long distribution phase, XRP’s recent behavior indicates accumulation by strategic players, laying the groundwork for a powerful upward move.” While short-term fluctuations are expected as traders navigate local inefficiencies, the overarching structure, according to XForceGlobal, suggests XRP is entering a major growth ￰7￱ the projected Wave 3 scenario unfold as anticipated, XRP could not only reclaim previous highs but potentially establish a new paradigm of value within the digital payments ￰8￱ Ether Wiz’s observation that XRP has found support at $2.30, with the market trading around $2.42, marks a defining technical moment.

A confirmed bounce from this lower channel boundary would validate the recent accumulation and could spark a measured rally toward nearby resistance, whereas a decisive break below would open the door to further downside and a deeper ￰9￱ the other hand, despite minor market inefficiencies, the alignment of macro accumulation, tightening supply, and solid fundamentals sets the stage for a high-probability Wave 3 surge, with XForceGlobal conservatively targeting $10.