Could Ripple (XRP) Hit New All-Time Highs? Wave 3 Setup Suggests So

XRP is seeing increased volatility, which has culminated in a dramatic wick down to a double bottom near $2.70 at the end of its consolidation ￰0￱ note that such sharp moves are typical at consolidation endpoints and often signal an imminent “trend shift.” The current pattern remains valid within a Wave 2 count, provided the $2.70 level holds; any break below this threshold would reset the Elliott Wave structure and invalidate the current bullish ￰1￱ 3 Incoming? According to CasiTrades’ latest update, the current market behavior suggests that the wick was largely driven by over-leveraged traders, rather than the market’s “true intent.” Following the dip, price action quickly recovered above the macro 0.5 Fibonacci retracement at $2.79, and candle bodies have consistently respected this level ￰2￱ anticipate a potential minor retest of the $2.79 support before XRP initiates Wave 3 upward ￰3￱ this retest, traders will watch for a lower low in candle bodies, ideally paired with a bullish divergence on the 4-hour RSI, which could serve as a strong buy ￰4￱ XRP drop below $2.70, the Wave 2 scenario would be invalidated, and the next significant support is expected at the macro 0.618 retracement near $2.6.

For now, maintaining $2.8 indicates that the market structure remains ￰5￱ ahead, the bullish scenario is intact, with major resistance targets at $4.00 and $4.40, aligning with the 2.618 and 3.618 Fibonacci extensions of the projected Wave ￰6￱ coming days will be critical, and $2.8 could potentially serve as the crucial level to ￰7￱ it holds and bullish divergence develops, XRP could see a new all-time high and the subsequent start of a strong Wave 3 ￰8￱ setup has emerged amidst ongoing adoption initiatives and strategic developments in the XRP ￰9￱ Maturation and ETFs In a statement to CryptoPotato , Alexis Sirkia, Captain of the Yellow Network, said that XRP’s trajectory is being shaped by the market’s maturation, particularly with the launch of the first US XRP ￰10￱ to Sirkia, these ETFs represent not just new investment avenues, they also indicate growing regulatory acceptance and create a clearer pathway for XRP, an asset long focused on cross-border utility and ￰11￱ observed this ecosystem since its inception, Sirkia sees these advancements as an instrument to XRP’s enduring ￰12￱ also said that “the temporary lull in on-chain activity this week for XRP evidences the broader altcoin slowdown rather than any flaw in the XRPL’s foundational strength.” He went on to add: “As institutional adoption via ETFs and RLUSD integration gains traction, we can expect this dip to reverse swiftly, reigniting transaction volumes and propelling XRP back toward its role as a vital bridge between TradFi and ￰13￱ true test of any digital asset’s longevity, including XRP, is not just its current market cap, but its capacity to facilitate seamless, scalable, and interconnected liquidity across diverse financial ecosystems.”