XRP is demonstrating resilient support and emerging bullish signals, with market analysts forecasting a potential major rally driven by technical patterns, Elliott Wave theory, and cycle analysis.
The cryptocurrency appears to be concluding an ABC corrective wave pattern, as price action tests critical support levels. Signs of reversal are emerging, suggesting investor accumulation and a possible upward trajectory as demand strengthens.
Citing analyst Dark Defender, XRP’s positioning at the terminus of Wave C—which historically precedes robust upward impulses—indicates readiness for a surge. This is reinforced by the Relative Strength Index (RSI), which shows growing momentum favoring buyers and validating the reversal narrative.
Complementary cycle analysis, per insights from Egrag Crypto, identifies the current XRP cycle starting in April 2021 with an approximate 243-day duration. A recent breakout above a key ascending trend line has marked a decisive bullish shift, accelerating optimistic price projections.
Collectively, these indicators position XRP for substantial potential gains, though analysts caution that market volatility remains a significant factor requiring close monitoring.