Elliott Wave Says XRP’s Next Big Move Is Coming

TL;DR XRP may have completed its flat correction, setting the stage for a fresh upward impulse wave. Five-wave count suggests the asset could now enter Wave 3 or Wave 5 of a macro ￰1￱ and WXY patterns together support the idea that XRP’s throwback phase is now ￰2￱ May Have Completed Its Correction XRP is showing early signs that its recent price correction may be ￰3￱ market analyst EGRAG CRYPTO has shared an Elliott Wave-based review suggesting the asset could be preparing for its next ￰4￱ analysis shows what looks like a flat ￰5￱ this setup, three waves are visible: A, B, and ￰6￱ noted that “Wave B didn’t quite reach Wave A,” but added that this can happen in some market ￰7￱ main focus is whether this pattern marks the end of the broader correction. #XRP – The Throwback Phase Is Finished If… (Update): Let me Zoom In to illustrate to illustrate the Elliot Wave Flat Corrective ￰8￱ In: (1/5) I want to take you through a step-by-step breakdown of how I’m constructing this corrective ￰9￱ could be… ￰0￱ ￰10￱ — EGRAG CRYPTO (@egragcrypto) September 16, 2025 This wave pattern might be the second or fourth wave in a larger market ￰11￱ the exact placement isn’t confirmed, the structure suggests that XRP may now be past the throwback ￰12￱ Patterns Support a Shift in Trend A simplified chart shared by EGRAG shows an ABC pattern, which is commonly seen during market ￰13￱ this, a WXY pattern is also ￰14￱ type of structure is often used to describe more complex market behavior when prices pause before resuming a ￰15￱ combination of ABC and WXY patterns points to a possible conclusion of the ￰16￱ also stated that when the B wave in an ABC structure shows strong upward movement, it can mean the market is getting ready to move higher again.

A separate wave count was also shared, showing five smaller waves forming after the ￰17￱ Elliott Wave Theory, this is a sign that the market may be starting a new upward ￰18￱ five-wave count is being viewed as a sign that XRP is either starting Wave 3 or Wave 5 in a longer cycle. “The strength of the 5-wave pattern… reinforces the notion that the corrective phase has ended,” EGRAG ￰19￱ placement depends on whether the last correction was Wave 2 or Wave ￰20￱ it were Wave 2, XRP could now be entering Wave 3, which tends to show stronger price ￰21￱ Price and ETF Update XRP was trading at $3.03 at the time of writing, with a 24-hour volume of $5.1 ￰22￱ price is up 2% in the past 24 hours and has slight gains over the past week.

Meanwhile, the REX-Osprey XRP ETF (ticker: XRPR) is expected to launch this week after earlier delays.