XRP is attracting renewed attention from technical analysts as a potential major move appears to be brewing in the token’s price structure. EGRAG CRYPTO, an analyst well known for his technical breakdowns, recently shared a detailed Elliott Wave analysis signaling the possibility of a developing Wave 3 formation on the XRP 3-day chart.
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AAPLRSI divergence signals waning downside momentum
A key element of EGRAG CRYPTO’s thesis centers on the Relative Strength Index (RSI), which is now forming a higher low, despite XRP’s price remaining under pressure. This divergence often suggests early signs that selling momentum is losing strength before any visible price reversal has occurred.
Supporting this observation, analyst Dark Defender highlighted that XRP’s RSI appears to have reached a bottom on the weekly timeframe, potentially opening the way for momentum to stabilize before any decisive move takes place.
The combination of historical RSI lows and improving momentum aligns with typical Elliott Wave setups, where internal technical indicators begin to shift ahead of price breakouts.
Both EGRAG CRYPTO and Dark Defender see internal indicators pointing to reduced selling pressure, while price action itself has yet to offer a strong reversal signal.
Key price levels and macro targets
EGRAG CRYPTO identified several crucial support levels. The first cluster sits at $1 to $0.95, with $0.75 as a secondary buffer and deeper structural support emerging between $0.52 and $0.60. On the upside, the bullish outlook grows stronger if XRP manages sustained closes above $1.30 to $1.60, then reaching $1.96, and further at $3 to $3.60.
According to the analyst, a clear confirmation of Wave 3 would likely come with a decisive break above the previous Wave 1 high. Long-term targets highlighted by EGRAG CRYPTO include $6.42, $13.37, $22.55, $29.63, and $43.83, reflecting substantial upside scenarios if the setup unfolds as anticipated.
Market cap scenarios support bullish calculations
Other market watchers have drawn comparisons with Ethereum’s potential to hit $20,000. Should XRP achieve a comparable market cap, its price could approach $40. If XRP were to attain half of Ethereum’s projected market capitalization, it would sit near $20. These projections correspond with EGRAG CRYPTO’s upper macro targets and help explain why such levels are being seriously discussed by analysts.
Projections based on market cap parity with leading cryptocurrencies bolster the rationale for XRP’s multi-layered price targets, especially if broader altcoin capital inflows materialize.
Confirmation remains essential for bullish thesis
Analysts emphasize that XRP reclaiming and consolidating above major resistance clusters is critical before anticipating significant upward moves. For now, signals from the RSI offer a leading indicator, but they do not guarantee a trend reversal until validated by price action.
Technical observers maintain that the structure is still forming, with clearly defined levels and internal indicators setting the stage. In a rapidly shifting crypto market, monitoring both momentum signals and price confirmations remains a priority for investors seeking to identify genuine trend reversals.
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Disclaimer: This report is for informational purposes only and does not constitute financial advice. Readers should conduct independent research before making investments, and any decisions are made at their own risk.
