- •XRP’s structure remains intact above $2.79, where repeated buying has reinforced the macro 0.5 Fibonacci retracement as firm support.
- •Technical patterns confirm a completed consolidation phase, aligning with golden ratio retracements that may precede a new impulsive move.
- •Elliott Wave mapping points to a possible advance toward $3.90–$4.50 if momentum continues above the $3.00–$3.10 range.
XRP seems to be preparing for the next major market phase as consolidation nears completion. Technical indicators, Fibonacci geometry, and historical patterns suggest the digital asset could soon transition from range‑bound activity into a renewed bullish advance.
Consolidation Nears Completion Around Key Support
XRP remains flat along its macro 0.5 Fibonacci retracement at a level of $2.79 and is holding steady against short‑term selling pressure. This tier has received increased demand time and again, which is one of the reasons to believe that it is the main structural foundation of the ongoing market cycle.
According to recent data provided by CoinMarketCap, XRP is trading at an approximate of $2.79, a slight decline of 2.47% per day. The asset has a market capitalization of $167.59 billion and 24‑hour volume of almost 4.86 billion, a transient slowdown in activity. Such periods of reduced turnover often occur before stronger directional moves.
The trading pattern reflects gradual accumulation, with lower highs compressing against firm support. Analyst CasiTrades (@CasiTrades) observed that XRP’s consolidation appears mature, noting that repeated tests of the $2.79 level have failed to produce breakdowns. This stability suggests underlying accumulation by long‑term holders awaiting breakout confirmation.
Technical Confluences Support Bullish Continuation
A more detailed examination of the structure shows a breakout above a symmetrical triangle, succeeded by a backtest that was contained within the 0.618‑0.65 Fibonacci retracement area. This technical convergence supports the notion that customers are vigorously protecting strategic retreat zones.
Volume and liquidity metrics—particularly a Vol/Mkt Cap ratio of 2.89%—reflect moderate participation consistent with consolidation. The flattening of moving averages shows a balanced price environment, often preceding volatility expansion. This behavior typically signals readiness for the next impulsive leg once resistance barriers give way.
Momentum readings show gradual improvement, with the RSI recovering from the mid‑40 range, suggesting that selling pressure is waning. CasiTrades described this phase as one meant to “exhaust the market and confuse traders,” a setup that often occurs before major breakouts. The structure’s symmetry and endurance strengthen confidence in the continuation of XRP’s broader uptrend once key resistance is reclaimed.
Elliott Wave Analysis and Market Outlook
According to Elliott Wave projections, XRP is finalizing subwave 2 within a broader impulsive framework. The previous shift of the price between $2.50 and $3.10 is the wave (1), whereas the ongoing correction preconditions the wave (3). The $3.90‑4.50 area, which is an extension of Fibonacci ratios of 1.618‑2.618, could be the target of a confirmed upswing.
When the momentum continues to build above the resistance band of $3.00‑3.10, there is a possibility that the market will pick up and move into bigger goals of between 8 and 13, provided that the volume builds up. The structural integrity of the base at $2.79 remains the defining factor for this scenario, offering clear invalidation levels for traders monitoring the next move. Market sentiment has turned cautiously optimistic. CryptoBull recently stated that large investors are accumulating and ETF prospects appear favorable, which could accelerate recovery once XRP clears $3.30. Historical context supports this setup, recalling the seven‑year consolidation that preceded XRP’s explosive move from $0.50 to $3.66. With similar compression now visible, the market appears positioned for another phase of directional growth.