TLDR:
- XRP price currently trades at $3, rising 2.5% in the last 24 hours and 3.96% weekly.
- Strong resistance appears at $4, acting as a short-term barrier for XRP price.
- Elliott Wave analysis shows potential impulse continuation toward a $20 cycle target.
- Price bounces off key trendline support indicate bulls remain in control.
XRP is piquing interest from crypto investors after recent price movements suggest a bullish outlook.
According to XForceGlobal, the primary cycle target for XRP remains $20 despite near-term resistance. The cryptocurrency is trading at $3, showing steady gains in the past week.
Analysts note the $4 level as a key resistance that could define short-term price behavior. Market patterns indicate either strong impulse continuation or a wave 1-2 flat scenario before the rally resumes.
XRP Price Resistance and Support Levels
XForceGlobal highlighted resistance at $4, signaling a critical level for XRP in the coming weeks. Breaking this barrier could trigger further upward momentum, potentially moving toward the $20 target.
Price charts show repeated bounces off trendline support, suggesting bullish sentiment is holding firm. Traders monitoring these levels can identify potential entry points as consolidation patterns develop.
$20 remains the primary cycle target.#XRP still faces strong resistance at the $4 level, but this does not alter the overall bullish outlook on the macro.
To simplify things, these are the two scenarios:
1. Strong impulse continuation
2. Wave 1-2 Flat, continuation pic.twitter.com/wIbe6q2boJ— XForceGlobal (@XForceGlobal) August 27, 2025
The analysis also points to a symmetrical triangle forming after a corrective phase. This pattern generally precedes a strong breakout, reinforcing optimism among long-term holders.
The short-term pullback seen in the charts aligns with Elliott Wave theory, offering two plausible price scenarios. A flat wave 1-2 setup could delay the rally but would likely resume toward higher levels.
Elliott Wave Analysis and Bullish Market Trends
XForceGlobal’s charts illustrate a potential strong impulse continuation for XRP. This pattern indicates that following brief consolidation, the price could advance rapidly toward $20.
Alternatively, the wave 1-2 flat scenario shows XRP experiencing a minor correction before regaining upward momentum. Both outcomes point to a bullish medium-to-long-term trend despite near-term resistance.
Recent price data from CoinGecko shows XRP trading at $3 with a 24-hour trading volume exceeding $6.2 billion. The data confirms a 2.5% increase in the past 24 hours and a 3.96% rise over the last seven days.
Analysts are tracking key support and resistance levels to gauge potential breakout points. The combination of technical analysis and market sentiment suggests XRP remains under bullish pressure, with higher targets in sight.
The post XRP Price Consolidates Near $3: Expert’s $20 Target Still In Play This Cycle appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-price-consolidates-near-3-experts-20-target-still-in-play-this-cycle/