Technical analyst Charting Guy (@ChartingGuy) recently shared an analysis suggesting that XRP is currently in the fourth wave of its third Elliott Wave cycle, a phase that could extend until late March if it mirrors the duration of wave two.
This would mean continued choppy price action before a potential breakout. The timing coincides with Bitcoin’s 852-day cycle and the apex of a symmetrical triangle that XRP is forming, which could influence its next major move.
$XRP wave 4 of 3 could end up being as long as the wave 2 of 3.. which means it remains choppy until late March
coincidentally lining up with $BTC 852 day cycle as well as the apex of the symmetrical triangle that $XRP is forming
yes, i still believe in one more upside impulse… pic.twitter.com/3TMTPKsAtd
— Charting Guy (@ChartingGuy) February 25, 2025
In early January, a well-respected crypto analyst predicted that XRP could hit $13 to $15 if it can cross $4 before March 10. If these patterns hold, XRP may see another upward impulse between March and April, potentially hitting these targets.
The symmetrical triangle also adds to the bullish sentiment, as it often precedes a breakout. If the structure holds, the apex of this triangle could coincide with the projected late March timeframe, reinforcing the possibility of an upward move.
Market Sentiment and Broader Crypto Trends
Market sentiment surrounding XRP and the broader cryptocurrency market remains weak, with Charting Guy stating that conditions are oversold. Many altcoins, including XRP, have seen price suppression amid ongoing uncertainty in Bitcoin dominance.
Despite the choppy price action, another upward impulse move is expected between March and April. Historically, XRP has performed better when Bitcoin dominance weakens, and a decline following this uncertainty could create an opportunity for XRP and other altcoins to outperform.
However, Charting Guy noted that XRP could trade within the $2-$3 range until August, resembling the 2017 market cycle, but does not consider it the most likely scenario. Instead, technical patterns support the idea of an earlier breakout.
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Key Levels and Price Targets
For XRP to confirm a bullish breakout, it must maintain momentum above key resistance levels. The completion of wave five could see XRP targeting the $5 range, provided that market conditions align favorably.
If the correction persists longer than expected, traders should watch the $2-$3 range as a critical accumulation zone. The asset recently experienced a notable decline caused by pressure from the broader market but has entered a recovery phase.
The asset has climbed more than 7.4% over the past 24 hours and is trading at $2.3. Reclaiming this level is a crucial milestone, as analysts have termed it crucial for preserving long-term momentum.
The overall trajectory of the cryptocurrency market could also influence XRP’s movement, as increased downward pressure from the broader market could slow its recovery. Over the next few weeks, the asset’s performance will be crucial in determining its long-term trajectory.
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 urged to do in-depth 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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