Saad Ullah
⬤ XRP is going through a structural reset, not a breakdown. Trading just above $1.30, the chart shows key trendlines and Elliott Wave counts still pointing in the same bullish direction. What looks like a weak patch is actually a macro reset inside a larger expansion cycle, not the beginning of a bear market.
⬤ The $0.85 level is flagged as the Wave 2 capitulation zone, but even dipping there wouldn't break the overall count. On the multi-year chart, Wave (1) is complete and Wave (2) is corrective, which sets up a potential Wave (3) next. That's historically the strongest leg in any Elliott Wave cycle. As covered in the analysis of how bullish structure holds as analyst sees one more leg up, consolidation phases like this often come right before the most explosive moves.
⬤ The first meaningful expansion zone sits between $11 and $13, with the higher-probability target band stretching from $23 to $27. That upper zone aligns with what analysts outlined when discussing XRP targeting $27 after a decade-long breakout, reinforcing how significant these long-term structural levels are across multiple market cycles.
⬤ Above those levels, the chart puts $100 on the table as a tail-risk blow-off scenario if conditions shift hard into risk-on territory. The importance of key validation points along the way was already highlighted in analysis covering XRP approaching the $2.95 critical level, where structural thresholds define acceleration phases. Unless the bullish framework breaks decisively, XRP stays inside a long-term expansion narrative regardless of short-term noise.
Saad Ullah
