MemeCoinCook.com serves up spicy crypto memes and info for entertainment only—this ain’t financial, investment, legal, or professional advice! Whipped up with AI flair, our content might have some half-baked bits, so DYOR before you dive into the crypto pot. NFA, folks—we’re just tossing out ideas, not guarantees. We make no claims about the accuracy, legality, or tastiness of our posts. Sip our content at your own risk! Check our Terms of Use for the full recipe.
XRP Wave Projection Defies Bearish Norms, Targeting Explosive $18.22–$23.20 Breakout Zone
While traditional investors debate stocks and bonds, crypto traders are eyeing XRP’s potential surge to $18 based on Elliott Wave patterns. This technical analysis method suggests XRP is preparing for its third wave, typically the strongest phase of any price movement cycle.
XRP’s recent price action tells an interesting story. After breaking through a resistance line that held since early 2018, the cryptocurrency has positioned itself for what analysts call a “third wave breakout.” This isn’t just crypto hopium – the numbers back it up. The 361.80% Fibonacci level points to approximately $18.22 as a realistic target during this phase. Some traders might need to sit down for this one.
XRP breaks six-year resistance, targeting $18.22 through Elliott Wave’s explosive third phase
The wave structure reveals XRP completed its initial phases after emerging from a complex triple three pattern that bottomed at $0.2465. Now, the setup resembles a coiled spring ready to release. Think of it like a rocket that’s finished its pre-launch checks and is counting down to liftoff.
The technical indicators support this narrative, with the Relative Strength Index showing potential for bullish divergence. Current support levels at $1.71 and $1.55 act as safety nets during any pullbacks. The golden ratio support near $1.55 represents a critical threshold that smart money watches closely.
If XRP drops below $1.81, it signals the final leg of correction before the anticipated surge. But here’s where it gets spicy – completion of this corrective structure could trigger the explosive move everyone’s waiting for. According to the latest Elliott Wave analysis, the current Wave 2 retracement is occurring within expected Fibonacci retracement zones, setting up for the anticipated high-momentum Wave 3 breakout. The critical support zone at $2.15-$2.10 currently faces selling pressure that could determine the short-term direction.
Despite recent volatility and some bearish signals on TradingView, XRP has gained 193.6% over the past year. That’s not exactly pocket change. The projected third wave aligns perfectly with the massive breakout from long-term resistance, creating a confluence of bullish factors. This combination of technical patterns and price momentum mirrors classic indicators observed during previous crypto bull runs.
For those doing their own research (dyor, as they say), the technical setup suggests XRP could push into double digits by the wave’s completion. While nothing in crypto is guaranteed, the Elliott Wave projection presents a compelling case for patient hodlers who understand market cycles and aren’t spooked by short-term fluctuations.
