XRP Price Analysis: Two Major Waves Remain Before Bear Market Ends, Analyst Predicts
Cryptocurrency market analyst RWA_Investor projects that XRP must complete two significant price waves before the altcoin bear market concludes. In a recent analysis shared on X, the analyst published an Elliott Wave chart indicating XRP will rally toward new highs before facing another substantial correction and eventually entering a larger bullish phase.
Near-Term Rally Targets $2.64–$3.09
The analysis frames XRP’s recent price action as part of a broader corrective structure following a W-X-Y pattern. From current levels near $1.39, the token is expected to first advance toward the $1.87–$2.11 resistance zone before pushing higher to a primary upside target between $2.64 and $3.09. This trajectory suggests a potential 2x price increase from present values.
However, the chart emphasizes that this rally would not signal the end of the correction. A subsequent major decline is projected to follow before the larger bullish move begins.
Deep Correction Forecast to $0.7451
One of the most striking elements of the Elliott Wave projection is the anticipated sell-off after the rally to the $2.64–$3.09 region. The analysis shows XRP retracing toward approximately $1.42 before commencing another significant leg lower.
The ultimate downside target for Wave (Z) sits at $0.7451, representing a decline of roughly 46% from current trading levels. Under this structure, XRP would experience a strong relief rally followed by a final major sell-off, completing the overall corrective pattern and paving the way for a full-fledged bullish phase.
Monthly Performance Remains Positive Despite Short-Term Dip
Despite the bearish longer-term scenario outlined in the chart, XRP’s recent performance shows resilience. The token currently trades around $1.39, down 1.38% over the past 24 hours, yet maintains a 35% gain over the past month.
Price action remains well above the chart’s earlier $1.0357 Fibonacci support area, a key structural level in the analyst’s framework. For the projected rally to materialize, XRP must hold above the $1.40 area and generate sufficient momentum to challenge the $1.87 and $2.11 resistance zones.
Alternative Analyst Perspective: XForceGlobal Sees Final Correction
Fellow analyst XForceGlobal offers a more immediately bullish interpretation. He anticipates XRP will first reach $2 and could potentially climb to $3–$4 if the bullish trend sustains.
For context, XRP recently declined more than 22% from $1.70 but has recovered from $1.31 back toward the $1.40 level. XForceGlobal views the current pullback as a potential final correction before another rally leg.
On-Chain Data Supports Accumulation Narrative
Adding weight to the bullish outlook, Binance’s XRP reserves have contracted by approximately 500 million XRP, falling from 3.1 billion in November 2024 to 2.6 billion currently. This outflow suggests investors may be moving coins into private wallets for long-term holding, reducing immediate sell-side pressure on exchanges.
Source: X (RWA_Investor Elliott Wave chart)
