Peter Smith
XRP (Ripple) finds itself at a critical juncture as traders watch for signs that the fifth and final Elliott Wave may be forming. Trading in the $2.7–$2.9 range, the token appears to be building wave 4 following earlier gains this year. If history repeats, this consolidation could set up a powerful move toward $5.0, mirroring the dynamics seen before previous breakouts.
XRP Charts Point to a Final Elliott Wave
Market analyst STEPH IS CRYPTO has drawn attention to the striking parallels between today's price action and the 2020 setup, when XRP launched an explosive rally after a similar consolidation period. The chart shows the coin holding steady near $2.7–$2.9 as wave 4 takes shape.
Support around $2.50 has remained solid through recent pullbacks, while resistance sits near $3.50 before the next major target zone at $5.0. The wave structure from 1 through 4 suggests wave 5 could arrive soon, and declining volume during this consolidation often signals that energy is building for the next surge.
The side-by-side comparison of 2020 and 2025 reveals how closely XRP has tracked its previous trajectory, fueling expectations that another extended rally may be on the horizon. Strong technical foundations, combined with decreasing selling pressure, point to a market that's preparing rather than fading.
What Could Drive the Next Move
While the charts tell a compelling story, broader market forces will likely play a role in whether this setup delivers. Shifts in monetary policy and overall risk appetite can influence capital flows into crypto, and altcoins like XRP tend to perform well once Bitcoin stabilizes near highs. Beyond macro trends, XRP's fundamentals continue to strengthen through expanding use in payment networks, improving regulatory clarity, and growing institutional interest. These factors add substance to the technical picture and could determine whether the final wave reaches its full potential
Peter Smith
