XRP is drawing serious analytical attention, and the technical picture on the 3-day time frame is giving analysts reason to take notice. Analyst EGRAG CRYPTO (@egragcrypto) published a detailed Elliott Wave breakdown identifying what he believes is a developing Wave 3 setup.
At the center of his thesis is a notable RSI divergence. The relative strength index is forming a higher low even as price remains under pressure, suggesting that downside momentum is weakening before price has confirmed any directional shift.
The RSI Bottom and What it Suggests
The RSI reached historically low levels on the 3-day chart in early 2026. Fellow analyst Dark Defender (@DefendDark) recently echoed a similar view on the weekly time frame, noting that XRP’s RSI appears to have bottomed.
Both analysts see momentum stabilizing ahead of any potential price confirmation. This pattern is consistent with how Elliott Wave setups tend to develop, with internal momentum recovering before the larger move becomes visible in price.
#XRP 3-Day Analysis – Wave 3 Setup Is Developing:
🟣Key levels: The chart highlights a major support region around:
▫️$1.00–$0.95
▫️$0.75
▫️$0.60–$0.52 as deeper structural support🟣The bullish thesis strengthens with sustained closes above:
▫️$1.30–$1.60
▫️$1.96… pic.twitter.com/uCuwZJmCC8— EGRAG CRYPTO (@egragcrypto) August 10, 2026
Key Levels Defining the Setup
EGRAG CRYPTO laid out a clear set of price levels tied to his thesis. Support sits at $1-$0.95, with $0.75 as an additional key level and $0.52-$0.60 serving as deeper structural support. On the upside, the bullish thesis strengthens with sustained closes above $1.30-$1.60, then $1.96, and then $3-$3.60.
A decisive break above the Wave 1 high would provide the clearest confirmation that Wave 3 is underway. EGRAG CRYPTO also identifies macro price targets at $6.42, $13.37, $22.55, $29.63, and $43.83.
The Market Cap Argument
Several analysts currently project Ethereum reaching $20,000. If that scenario plays out and XRP captures a comparable market cap position, the math puts XRP near $40. Even at half that market cap, XRP would sit near $20.
These figures align reasonably well with EGRAG CRYPTO’s upper macro targets and give context to why those levels are receiving serious consideration rather than skepticism.
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What Analysts Are Watching
Confirmation remains the central theme across both analyses. EGRAG CRYPTO wants to see XRP reclaim and hold key resistance clusters before expressing high conviction. The RSI signal functions as a leading indicator, not a guarantee.
Given XRP’s established market presence and the historical behavior of Elliott Wave 3 extensions in crypto, analysts consider this setup worth monitoring closely. The structure is developing, the levels are defined, and price behavior in the coming weeks will determine what happens next.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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