XRP Signals $10 Era as Elliott Wave Indicates Rally

▲ XRP

XRP has completed a full-range retracement following its all-time high and has now made perfect technical preparations for a breakthrough above $10.

According to cryptocurrency media outlet The Crypto Basic on February 27 (local time), Elliott Wave analyst XForceGlobal assessed that XRP’s technical structure has recently completed perfect alignment for the next massive bullish rally. After surging to $3.66 last year to reconfirm its all-time high, XRP fell back to around $1, completing a full-range retracement. This structural reset represents a necessary preparatory phase for a powerful impulse wave ahead.

Recently, XRP has been trading in the $1.35–$1.45 range, experiencing a sluggish month with a 28% decline. However, short-term volatility has not invalidated its long-term bullish target. XForceGlobal noted that XRP had already broken out of a multi-year triangle pattern, and the recent sideways movement represents a compression phase in which energy is being consolidated. The longer the consolidation persists, the stronger the upward breakout is expected to be.

Regarding price targets, projections now exceed previously conservative estimates. Based on Fibonacci extension levels, the analyst stated that the originally suggested $6 target was very conservative, forecasting that the next wave could surpass $4 and $5 and potentially surge beyond $10. With the structural reset successfully completed, this expansion phase could unfold on a scale that far exceeds investor expectations.

Within the market, a significant reshuffling has already taken place to prepare for a rebound. This week, XRP holders realized losses exceeding $900 million—the largest since the FTX collapse in November 2022—and exited the market. Such large-scale capitulation suggests that so-called weak hands have been flushed out, with the market increasingly concentrated among long-term holders, creating optimal conditions for a substantial rebound.

XRP’s large-scale wave structure has reached a critical point where all technical elements are converging. The current correction is viewed not as a technical flaw but as a launching pad for a major leap forward. Investors are advised to focus on the broader macro trend rather than be swayed by short-term price volatility.

Disclaimer: This article is for investment reference only, and no responsibility is taken for investment losses based on it. The content should be interpreted solely for informational purposes.