XRP is trading near $1.49 on the monthly chart, and crypto analyst EGRAG CRYPTO (@egragcrypto) believes the asset is positioned at the start of a significant structural move. His latest analysis applies Elliott Wave theory to XRP’s price history.
He believes the asset is in the early stage of Wave 3 and described it as the beginning of the blast.
The Elliott Wave Structure
EGRAG CRYPTO’s chart maps a five-wave impulse structure across more than a decade of XRP price action. Wave 1 developed between 2014 and 2017. Wave 2 followed as a correction, pulling the price back substantially. Wave 3 then produced a significant rally into early 2018, followed by Wave 4 and an extended Wave 5 peak.
The analyst identifies the recent price action, labeled as an ABC correction on the chart, as a completed Wave 2 reset within a new, higher-degree five-wave cycle. According to his count, XRP completed that corrective sequence at approximately $0.96. XRP’s direction changed after the surge at the end of August, and it has begun advancing into what he believes is Wave 3 of this new cycle.
#XRP – WAVE 3: THE BEGINNING OF THE BLAST? 🌊:
From an Elliott Wave perspective, this is getting VERY interesting.
If the current ABC correction completed Wave 2, then what comes next?
🔥 WAVE 3.
And Wave 3 is typically where the real expansion happens.
My MACRO roadmap:
🎯… pic.twitter.com/he3gK4fxa1— EGRAG CRYPTO (@egragcrypto) October 4, 2026
The Fibonacci Targets
EGRAG CRYPTO outlines three price targets for Wave 3 based on Fibonacci extension levels. $8 aligns with the 1.236 extension. $15.09 corresponds to the 1.414 level. $31.19 sits at the 1.618 extension. His chart annotates these levels clearly against the current price channel.
The analyst notes that Wave 3 “is typically 161.8% of wave 1.” His chart also confirms that Wave 2 retracements typically fall between 50% and 85.4% of Wave 1, and that Wave 4 corrections are typically 14.6% to 38.2% of Wave 3.
The Confirmation Level
EGRAG CRYPTO sets a clear condition for confirming his wave count. XRP must take out the previous high in the $3.40 to $3.50 range. He describes clearing that level as “a MAJOR signal that Wave 3 is truly underway.” Until that happens, the count remains unconfirmed.
The price sits well below that threshold. The price action has yet to validate the move he describes.
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Wave 3 Is Not the Final Move
A key point in EGRAG CRYPTO’s analysis is that Wave 3, even if it reaches the projected targets, does not represent the end of the cycle. His roadmap includes a Wave 4 correction after Wave 3 completes, followed by a Wave 5 expansion. He states explicitly: “Wave 3 IS NOT THE END.” His macro roadmap envisions a multi-year structure extending toward 2028 and beyond.
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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