Saad Ullah
XRP has shown remarkable strength after defending a crucial support zone, posting a rebound of more than 50%. This recovery validates the bullish Elliott Wave analysis that technical analysts have been tracking. Despite recent volatility in crypto markets, the underlying pattern suggests XRP could be gearing up for another significant move higher, with $5.5 emerging as the next checkpoint on its roadmap.
XRP's Rebound Matches the Elliott Wave Setup
Analyst Hov recently pointed out that XRP dropped into the expected support area, which fits perfectly with an expanded flat correction pattern. While the dip happened quicker and went deeper than many anticipated, the market's response was telling. Buyers stepped in aggressively, triggering a sharp bounce that confirms the Elliott Wave count is still on track. From here, the first major target sits around $5.5, which serves as an important stepping stone toward even higher levels down the road.
- Support Zone: $1.80–$2.00 is where XRP recently found strong buying interest and bounced hard.
- Intermediate Target: $5.5 lines up with Wave 3 in the Elliott sequence.
- Macro Projection: If the wave structure plays out as expected, XRP could climb to $8.00–$11.00 in the next cycle.
- Market Psychology: The fact that buyers defended major support suggests accumulation is happening before a potential breakout.
The weekly chart shows these structural features lining up nicely, which adds weight to the bullish outlook over the coming quarters.
Why This Matters for XRP Investors
XRP's ability to stage such a strong recovery despite broader market uncertainty shows real resilience. The token continues to attract attention around institutional adoption and regulatory developments, both of which could serve as catalysts for further gains. Historically, XRP has delivered explosive rallies after extended periods of sideways movement, and the current chart setup hints that something similar might be brewing.
The 50% rebound from support confirms the bullish Elliott Wave pattern is still in play. With $5.5 as the immediate target, traders are now watching to see if momentum can push the price toward those macro goals of $8–$11. The big question is whether XRP can maintain this momentum heading into 2026, or if resistance around $5.5 will slow things down and set up another consolidation phase.
Saad Ullah
