TLDR:
- XRP price level at $1.80 remains the foundation for a potential breakout toward wave 3 targets.
- Analysts eye $6–$24 if XRP confirms wave 3, with $4–$5 as a key intermediate zone.
- ETF speculation and regulatory clarity could accelerate XRP’s next major rally.
- Traders watch $1.382 Fibonacci as the last barrier before XRP’s confirmed bullish phase.
XRP is holding above critical support levels, and traders are closely monitoring the situation. After years of grinding sideways, the price finally broke above a key range.
Analysts believe this move could set off one of XRP’s strongest rallies yet. Some see the coin entering a powerful Elliott Wave phase that historically brings sharp, vertical moves. But there’s still a chance for a brief pullback before the next leg higher.
XRP Price Holds While Market Awaits Breakout Confirmation
Hov, a top analyst, pointed to the $1.80 level as the foundation for XRP’s price run.
He noted that XRP already cleared this base structure, signaling the early stages of a macro impulse wave. His chart shows two possible paths: an immediate surge in wave 3 or a short-lived sideways correction.
Looking solid off our 1.8 level with a slight break to the upside of our base channel (threaded)
It makes me lean towards the 3 of 3 of 5 here
But, I am leaving the door open for the sideways correction in yellow
Once we break the 1.382 level then I would take yellow off… pic.twitter.com/UGNOOwAPnJ
— Hov (@HovWaves) July 30, 2025
The bullish scenario places XRP in wave 3 of 3, often one of the strongest stages in Elliott Wave theory. If confirmed, it could push prices to $6, then $12, before eventually targeting $17 to $24.
Hov also allowed for a corrective scenario if XRP stalls below the 1.382 Fibonacci extension, roughly near the $4 to $5 range. In that case, XRP might pull back toward $1.80 to $2.20 before resuming its climb. This would not change the broader bullish outlook, but it could delay the breakout move.
XRP is trading at $3.09, according to CoinGecko. It’s down 0.53% in the past 24 hours and 1.61% over the past week, but traders remain focused on the bigger picture.
XRP ETF Speculation Adds Fuel
Market watchers like Daisy and Cas Abbé argue that the upcoming launch of spot XRP ETFs and the end of the SEC battle could act as major catalysts.
They point out that XRP has remained relatively stable against Bitcoin for nearly seven years. If it breaks out from this structure, some believe it could reclaim its place among the top two coins this cycle.
XRP/BTC has now been consolidating for almost 7 years now.
The SEC case is over, and XRP spot ETFs are coming.
This might be the catalyst which could result in a breakout.
And once that happens, $XRP will rally like Q4 2024.
And maybe, it could go from top 3 to top 2 coin… pic.twitter.com/rKnjiVlL3I
— Cas Abbé (@cas_abbe) July 30, 2025
For now, $1.80 remains the level to watch. A decisive move above the 1.382 extension would clear the last major hurdle and confirm the bullish path. Until then, XRP stays coiled, and traders are waiting for the spark that could send it into its strongest rally yet.
The post XRP Price Stays Firm as Analysts Map Wave 3 Path Toward These Targets appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-price-stays-firm-as-analysts-map-wave-3-path-toward-these-targets/