Peter Smith
Sometimes the markets reward patience and precision in spectacular fashion. XRP just provided one of those moments, climbing to exactly where technical analysis predicted it would go. This wasn't luck - it was a calculated move that played out with remarkable accuracy, and it might be setting the stage for something even bigger.
XRP's Precision Strike Pays Off
Sometimes the charts just work perfectly. On September 4, analysts mapped out a potential climb toward $3.07 using a 4-hour Elliott Wave structure. Eight days later, XRP hit $3.0785 - almost to the penny. Trader Dark Defender called this setup early, and the market delivered with surgical precision.
This kind of accuracy doesn't happen by accident. It shows strong underlying technical momentum and suggests XRP is following predictable patterns that smart money recognizes. With the short-term target now complete, the focus shifts to what the weekly charts are saying about bigger moves ahead.
Support zones to watch:
- $2.93 (immediate floor) - $2.85-$2.86 (deeper support) - $2.74-$2.83 (major base)
The $2.93 level is crucial because it represents the 38.2% Fibonacci retracement and the launchpad for the recent rally. Hold above this, and XRP keeps its bullish structure intact. Break below $2.85, and we're looking at a deeper pullback that could test earlier consolidation zones around $2.80.
Resistance sits at $3.07-$3.12, where sellers might step in to test how committed buyers really are. Breaking through this ceiling would open up higher Fibonacci targets and potentially trigger the next leg up.
Why This Rally Has Legs
The move wasn't just technical - it reflected genuine market strength. XRP spent weeks building a solid base between $2.80-$2.90, allowing accumulation before the breakout. The broader crypto recovery helped, but Ripple's ongoing institutional partnerships and regulatory progress provided the fundamental backdrop for sustained buying interest.
Elliott Wave theory suggests we just completed a textbook ABC correction followed by an impulse move higher. When patterns play out this cleanly, it often signals that larger structures are also in motion.
Peter Smith
