- XRP’s consolidation near $2.15 signals strength within a bullish macro wave structure.
- Elliott Wave analysis targets $9.50 to $27 if Wave (3) rallies by July 2025.
- Weekly close above $2.25 and the 21-week EMA may confirm long-term upside momentum.
XRP continues to attract attention from traders and analysts alike, especially with recent price action suggesting a potential breakout. As of press time priced at $2.15, the token has shown notable resilience, gaining 13.77% over the past week despite a slight 24-hour decline. Market expert EGRAG CRYPTO believes XRP is forming a strong long-term bullish setup, and the path toward $27 may be unfolding faster than expected.
Macro Wave Structure Suggests Cyclical Growth
According to EGRAG CRYPTO, the XRP/USD chart reveals a defined bullish trajectory. Key historical levels include strong support near $0.70 and resistance around $3.07.
The price action around $2.16 indicates a consolidation phase within a larger macro wave structure. This could act as a launchpad for a significant move upward, possibly driven by Fibonacci extensions.
Moreover, the timeline between March 2023 and September 2025 appears critical. This window highlights a potential zone for a sustained breakout. If bullish momentum holds, XRP may aim for the $9 and $35 targets, with the $27 level representing a 12.5X gain from its current price.
Elliott Wave Pattern Points to Key Milestones
EGRAG also outlines a bullish Elliott Wave pattern. The recent retracement to the $1.85–$2.00 zone aligns with the Wave (2) low, showing strong buyer interest.
If the structure remains intact, Wave (3) could peak around July 1, 2025. Resistance levels to monitor include $9.50 and $27.00.
21-Week EMA Confirmation Critical
Another update from EGRAG emphasizes the importance of closing above $2.25 and the 21-week EMA. Such a close would confirm the April 7th bottom and reinforce bullish sentiment.
#XRP – 21 W EMA Update! #XRP is currently trading above $2.10 and the 21 W EMA. If we can close this weekly full body candle above both these levels, and notably above $2.25, it would provide a strong confirmation that the #XRP bottom was hit on April 7th. 🔒
— EGRAG CRYPTO (@egragcrypto) April 15, 2025
However, if we… pic.twitter.com/56sUXfnHKO
However, failing to meet these conditions could reignite regulatory fears, disrupting the current structure.
