Saad Ullah
⬤ XRP is working through a corrective structure after a powerful rally earlier in the cycle. The asset looks to be finishing its Wave 4 formation following a significant Wave 3 advance earlier this year. The chart shows XRP consolidating near the $2.02 level while sticking to its broader multi-year Elliott Wave pattern.
⬤ The structure displays clearly labeled A, B, and C components within Wave 4—a typical corrective sequence after Wave 3 wraps up. Earlier waves are also marked on the long-term chart, including the Wave 1 move in 2023 and the Wave 2 pullback into 2024, followed by an extended upward push forming Wave 3 into 2025. XRP's current position lines up with the descending corrective path shown in the analysis, suggesting the market is finding its footing before the next structural move.
⬤ The projection outlines the expected start of Wave 5 once this corrective phase ends. While there's no specific price target shown, the upward extension indicates a significant breakout above previous cycle highs if Wave 5 plays out as expected. The structure follows standard Elliott Wave proportions, pointing to renewed bullish momentum after the correction completes.
⬤ This matters because XRP is displaying a clear long-term setup while broader crypto markets remain sensitive to trend shifts. A confirmed move out of Wave 4 into Wave 5 could boost positive sentiment and reignite momentum across the altcoin sector.
Saad Ullah
