Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Elliott Wave Says XRP’s Next Big Move Is Coming

Elliott Wave Says XRP’s Next Big Move Is Coming

Cryptopotato2025/09/15 16:00
By: Author: Jordan Lyanchev
B-2.96%C-0.74%XRP+0.39%
XRP may be ending its correction phase, as one analyst points to key Elliott Wave patterns suggesting a possible bullish move.

TL;DR

  • XRP may have completed its flat correction, setting the stage for a fresh upward impulse wave.
  • Five-wave count suggests the asset could now enter Wave 3 or Wave 5 of a macro trend.
  • ABC and WXY patterns together support the idea that XRP’s throwback phase is now complete.

XRP May Have Completed Its Correction

XRP is showing early signs that its recent price correction may be ending. Crypto market analyst EGRAG CRYPTO has shared an Elliott Wave-based review suggesting the asset could be preparing for its next move.

The analysis shows what looks like a flat correction. In this setup, three waves are visible: A, B, and C. EGRAG noted that “Wave B didn’t quite reach Wave A,” but added that this can happen in some market conditions. The main focus is whether this pattern marks the end of the broader correction.

This wave pattern might be the second or fourth wave in a larger market cycle. While the exact placement isn’t confirmed, the structure suggests that XRP may now be past the throwback phase.

Chart Patterns Support a Shift in Trend

A simplified chart shared by EGRAG shows an ABC pattern, which is commonly seen during market pullbacks. Alongside this, a WXY pattern is also present. This type of structure is often used to describe more complex market behavior when prices pause before resuming a trend.

The combination of ABC and WXY patterns points to a possible conclusion of the correction . EGRAG also stated that when the B wave in an ABC structure shows strong upward movement, it can mean the market is getting ready to move higher again.

A separate wave count was also shared, showing five smaller waves forming after the correction. In Elliott Wave Theory, this is a sign that the market may be starting a new upward phase.

The five-wave count is being viewed as a sign that XRP is either starting Wave 3 or Wave 5 in a longer cycle.

“The strength of the 5-wave pattern… reinforces the notion that the corrective phase has ended,” EGRAG posted.

The placement depends on whether the last correction was Wave 2 or Wave 4. If it were Wave 2, XRP could now be entering Wave 3, which tends to show stronger price action .

XRP Price and ETF Update

XRP was trading at $3.03 at the time of writing, with a 24-hour volume of $5.1 billion. The price is up 2% in the past 24 hours and has slight gains over the past week.

Meanwhile, the REX-Osprey XRP ETF (ticker: XRPR) is expected to launch this week after earlier delays.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

In-depth Analysis of the Capital Game Behind the "Difficult Birth" of the Korean Won Stablecoin

The launch of the Korean won stablecoin has already been delayed.

深潮2025/09/18 04:45
With the interest rate cut in place, is it time to celebrate?

The Federal Reserve's 25 basis point rate cut has caused market turmoil, rooted in political interference behind decision-making and internal divisions within the Fed, resulting in unexpected attention for bitcoin. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its generated content are still in the process of iterative improvement.

MarsBit2025/09/18 02:45

Trending news

More
1
In-depth Analysis of the Capital Game Behind the "Difficult Birth" of the Korean Won Stablecoin
2
Bitget Daily Digest(September 18)|SEC Eases Listing Process for Digital Asset ETFs; Nothing secures $200 million in Series C funding; XRP and Dogecoin ETFs receive SEC approval.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$117,619.95
+1.08%
Ethereum
Ethereum
ETH
$4,612.81
+2.98%
XRP
XRP
XRP
$3.1
+2.84%
Tether USDt
Tether USDt
USDT
$1
-0.05%
BNB
BNB
BNB
$993.69
+4.24%
Solana
Solana
SOL
$246.18
+5.24%
USDC
USDC
USDC
$0.9999
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2823
+6.44%
Cardano
Cardano
ADA
$0.9145
+5.12%
TRON
TRON
TRX
$0.3444
+1.28%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter