XRP's Elliott Wave Structure Finally Forms, Could Price Drop to US$0.87 Before the Next Rally?

Bittime - XRP returned to the attention of technical analysts after the emergence of the structure Elliott Wave which has been awaited by some traders.

After failing to hold several key support levels, XRP is now considered to be forming a corrective pattern that could determine the direction of price movement in the coming weeks.

The biggest question for investors is whether XRP is still at risk of falling further towards the US$0.87 area or is actually laying the foundation for another rally.

Amidst increasing crypto market volatility and pressure on various altcoins, XRP's technical structure has become a closely watched indicator for both short-term traders and long-term investors.

Key Takeaways

• XRP lost key support in the US$1.10 area.

• The next correction target is in the range of US$0.92 to US$0.87.

• The Elliott Wave structure indicates the correction may not be fully complete.

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XRP's Elliott Wave Structure Is Starting to Become Clearer

In Elliott Wave theory, price movements typically form in recurring patterns of impulses and corrections. Some analysts believe XRP is now completing a corrective phase that has been developing for the past few months.

Interestingly, the wave structure that previously appeared incomplete is now starting to show a clearer pattern.

This has led many traders to return to using the Elliott Wave approach to estimate the next support and resistance areas.

According to the scenario developing among technical analysts, XRP is likely in the final phase of correction before entering the next impulse wave.

However, before this bullish scenario occurs, the market still has the potential to experience additional pressure.

Read also:How to Buy XRP (XRP)

XRP Loses Key Support

XRP to USDT via Bittime Market

One reason why the bearish structure remains a concern is the loss of several support areas that previously managed to hold back price declines.

Level US$1,10has become an area that many traders have paid attention to because it functions as both psychological and technical support in recent months.

When this support fails to hold, selling pressure increases and opens the opportunity for a further corrective wave to form.

In Elliott Wave analysis, a support breakdown is often part of a larger corrective wave formation process before the market finds a new equilibrium point.

The US$0.92 to US$0.87 Area Becomes an Important Zone

Sumber: X/@CasiTrades

Based on the wave structure that is currently developing, a number of analysts are starting to direct their attention to the areaUS$0.92 to US$0.87.

This zone is considered a potential target if the correction wave is not completely complete.

There are several reasons why this area is important:

• It is a historical support area that has been a price rebound point.

• Close to the corrective wave projection target according to Elliott Wave theory.

• Potentially a new accumulation area if market sentiment improves.

However, technical targets are not certain. XRP price movements remain influenced by overall crypto market conditions, particularly Bitcoin's direction and global macroeconomic sentiment.

Read also:XRP Price Prediction 2026 According to Younghoon Kim

Is XRP Forming Subwave 3?

One of the most interesting parts of the latest analysis is the possibility of the formation ofsubwave 3within a larger correction structure.

In Elliott Wave theory, subwave 3 is often one of the most aggressive phases because it reflects an acceleration of market momentum.

If this scenario holds true, XRP volatility could potentially remain high in the short term before the correction structure reaches its endpoint.

Traders need to pay attention to trading volume and price response at key support areas to confirm whether the wave is actually developing.

Read also:Can XRP Price Reach $100 per Coin?

XRP's Fundamental Factors Remain Important

Although wave analysis provides an interesting technical picture, investors should not ignore fundamental factors.

XRP remains one of the largest crypto assets by market capitalization and has an active ecosystem.

In addition, developments related to the adoption of Ripple-based payment technology and digital asset regulation in the United States remain factors that could influence market sentiment.

In recent years, XRP's movements have often been influenced by a combination of technical factors and fundamental news.

Relying on a single analysis method can increase the risk of decision-making errors.

When Could the Next XRP Rally Happen?

The medium-term bullish scenario remains open as long as XRP is able to form a strong price base after the correction phase is over.

If the support area is successfully maintained and selling pressure begins to ease, the market could potentially see a structural change from bearish to neutral or even bullish.

However, for now, many analysts are choosing to wait for confirmation of the formation of a price bottom rather than hastily assuming that the correction is over.

Conclusion

The long-awaited Elliott Wave structure of XRP is starting to become more apparent after the price lost several key supports. In the current scenario, the US$0.92 to US$0.87 area is a zone to watch if the correction continues.

While downside risks remain, some analysts see this phase as part of the foundation-building process before the next rally occurs.

Investors need to pay attention to a combination of technical factors, trading volume, and fundamental developments before making a decision.

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FAQ

What is Elliott Wave XRP?

Elliott Wave is a technical analysis method used to map the cycles of XRP price movements.

Why is the US$1.10 support important?

This level was previously a key defensive area that had resisted selling pressure several times.

Can XRP fall to US$0.87?

Some analysts consider the US$0.87 area to be a potential target if the correction structure continues.

What does subwave 3 mean?

Subwave 3 is part of the Elliott Wave structure that usually indicates an acceleration of price momentum.

Does XRP still have potential to rise?

Yes, but many analysts are waiting for confirmation that the correction phase is over before anticipating a new rally.