XRP Eyes Explosive Wave 3 Breakout as $1.30–$1.60 Emerges as Make-or-Break Zone
XRP may be nearing a pivotal moment in its current market cycle, according to prominent market analyst EGRAG CRYPTO.
In his latest three-day technical analysis, he argues that XRP is likely completing its Elliott Wave 2 correction, potentially paving the way for a Wave 3 breakout, the phase widely regarded as the most powerful and aggressive advance in an Elliott Wave cycle.
At the core of EGRAG's bullish outlook is a developing bullish divergence between XRP's price and the Relative Strength Index (RSI). While the top altcoin continues to print lower lows, the RSI is forming higher lows, suggesting bearish momentum is fading despite continued price weakness.
Although not a guarantee of a reversal, this pattern has historically appeared near significant market bottoms and is closely monitored by technical traders.
From an Elliott Wave perspective, Wave 2 represents the corrective phase following the initial impulsive rally. If the correction is nearing completion, XRP could be on the verge of entering Wave 3, a stage that often delivers the strongest gains as buying momentum, market confidence, and capital inflows accelerate.
This bullish outlook, however, still requires confirmation. EGRAG emphasizes that XRP must first break out of its corrective structure and reclaim several critical resistance levels.
Is there light at the end of the tunnel? Well, the most important hurdle lies between $1.30 and $1.60, where sustained closes would signal that buyers have regained control and significantly strengthen the bullish case. Per CoinCodex data, XRP is trading at $1.06.
EGRAG Says XRP's 2,000% Breakout Hinges on Reclaiming Key Resistance Levels
Beyond this, XRP would need to reclaim $1.96, followed by the $3.00-$3.60 region. A decisive break above the previous Wave 1 peak would provide the clearest confirmation that Wave 3 has officially begun.
If XRP pulls back before breaking higher, EGRAG identifies several key support levels that could keep the bullish structure intact. Initial support sits between $1.00 and $0.95, followed by $0.75. A deeper correction toward $0.60-$0.52 would represent the final major support zone before the long-term bullish outlook is significantly weakened.
Should Wave 3 be confirmed, EGRAG's projections become considerably more ambitious. Since Wave 1 delivered roughly a 1,200% advance, Elliott Wave theory suggests Wave 3 could be even larger.
Based on Fibonacci extensions and historical wave relationships, he projects a potential 1,900%-2,000% rally from the expected bottoming area.
This outlook translates into long-term price targets of $6.42, $13.37, $22.55, $29.63, and ultimately $43.83 if the full Elliott Wave structure unfolds as anticipated.
The technical picture is also supported by improving fundamentals. Spot XRP ETFs have attracted approximately $1.5 billion in inflows, while the XRP Ledger's tokenized real-world asset ecosystem has grown beyond $4.3 billion, reflecting increasing institutional participation and expanding enterprise adoption.
Meanwhile, XRP has generated additional attention after appearing at the top of Google Search results for the term world bridge currency, fueling renewed speculation about its long-term role in global payments and cross-border settlement.
For now, EGRAG views the RSI divergence as an encouraging early signal, but stresses that price remains the ultimate confirmation. Until XRP secures sustained closes above the $1.30-$1.60 resistance zone and breaks beyond its previous Wave 1 high, the prospect of a 2,000% rally remains a compelling technical setup rather than a confirmed breakout.
