- XRP eyes $1 buy zone as Elliot Wave suggests a major third wave rally to $20.
- Price range $2.11–$2.60 marks 70% of XRP’s trading volume since December 2024.
- A drop to $1.47 could offer key support before potential long-term upside.
XRP price trajectory indicates weakening momentum as it falls from its latest peak of $3.40 to the present value of $2. Investor caution has led to reduced market transactions involving the asset. Popular crypto analyst XForced Global posted the latest thoughts on XRP price action based on Elliot Wave analysis.
XRP Trends Lower as Elliot Wave Forecast Points to Sub-$1 Accumulation Zone
According to Elliot Wave analysis, the next critical price zone for XRP lies between $1.70 and $1.0. This range is projected as the second wave correction following the first wave rally from $0.50 to $3.40. Analysts warn that due to heightened volatility, XRP may briefly fall below the $1 psychological level.
This projected dip is not seen as a signal of long-term decline but rather as a potential accumulation phase. The Elliot Wave model identifies the third wave as the strongest upward movement in a five-wave cycle. If the third wave unfolds as expected, XRP could potentially surge to $20 in the long run. This price target would translate into a market capitalization of $1.16 trillion based on the current token supply.
Short-Term Price Action Confirms Value Area Boundaries
Investors may find opportunities to purchase XRP if prices drop below $1 before a major bullish trend emerges. Timing and market behavior continue to be unpredictable because external factors like macroeconomic indicators and Bitcoin’s price trajectory maintain significant influence.
Between December 2024 and April 2025, XRP traded within a tight range of $2.11 to $2.60. This range has now been identified as a key value area, where nearly 70% of trading volume occurred during the four-month period. The token’s price has been attempting to reclaim the lower boundary of this area at $2.11, which currently serves as a short-term resistance.
External Factors May Influence Next Directional Move
If XRP achieves acceptance above the $2.11 threshold, analysts expect a move toward $2.41 and possibly $2.60. These targets correspond to the highest volume nodes and the upper boundary of the value range, respectively.
However, a failure to break above this level could lead to further correction. The next immediate support in that case is $1.47, which aligns closely with the lower edge of the projected Elliot Wave buy zone.
Market participants are closely watching this value area for directional cues. Acceptance would imply renewed strength, while rejection could trigger additional downside movement.
The direction of XRP in the near future may be heavily influenced by the wider market conditions. The market performance of Bitcoin acts as a primary signal which influences altcoin trends. If Bitcoin experiences a strong rally it will generate bullish sentiment throughout the crypto market which will assist XRP in regaining higher trading levels.
