- XRP enters its 5th Wave phase, targeting $5.85 and $10 with support near $2.2222.
- Wave 4 stability and breakout above the 2018 trendline confirm the next bullish Elliott cycle.
- Rising open interest and oversold indicators suggest renewed momentum toward key resistance zones.
XRP has completed its Monthly 3rd Wave and entered the 5th Wave phase within a broader Elliott Wave structure. The new upward cycle projects near-term targets at $5.85 and $10, while maintaining strong technical support around $2.2222. At the time of writing, XRP was trading at $2.31.
XRP’s Elliott Wave Structure Signals Next Bullish Phase
According to an observation by Dark Defender, XRP has finalized the formation of its Monthly 3rd Wave and started a new 5th Wave. The long-term chart indicates a breakout above the descending resistance trendline established since 2018. Wave 3 reached a peak near $3.0161, followed by a corrective pullback that shaped Wave 4 around the $2.2280 Fibonacci zone.
The current structure identifies Wave 4 support near $2.2222, confirming stability before the start of Wave 5. Technical projections mark short-term resistance targets at $5.85 and $10, aligning with the 261.80 percent Fibonacci extension zone. The Ichimoku cloud pattern shows clearing resistance, supporting the ongoing breakout within a long-term bullish framework extending into 2026–2027.
XRP’s price movement between 2024 and 2025 has followed higher highs and higher lows, maintaining an ascending structure. The long-term Elliott Wave count suggests continued growth potential as price consolidates within the $2.20–$2.30 zone.
Market Data, Investor Activity, and Technical Setup
Derivatives market data show that open interest peaked near $10.74 billion earlier in 2025 before easing to $3.37 billion. This indicates sustained trader engagement even after the recent correction. According to Coinglass, XRP’s on-chain data shows mixed sentiment, with inflows returning modestly after several months of outflows.
A recent inflow of $1.02 million reflects cautious optimism as investors re-enter near the $2.23 level. According to ChartNerd, the last time XRP retested the 55-week EMA, the price rallied over 400%.
The stochastic oscillator now reads near the oversold zone, suggesting potential upward momentum if buying pressure increases. Technical analysis shows immediate resistance at $2.36, $2.43 and $2.53 while resistance holds firm at $2.16, $2.10. Sustained movement above the $2.53 level could confirm Wave 5 expansion toward $5.85 and $10, completing the long-term Elliott Wave cycle.
