XRP Tests $3.25 Resistance Amid Rising Accumulation and Wave 3 Targets Above $13

XRP is currently testing the critical $3.25 resistance level, with analysts targeting Wave 3 price points above $13, supported by rising on-chain accumulation and a bullish market structure.

On-chain data reveals increasing wallet activity and accumulation despite bearish derivatives sentiment.

XRP maintains strong support above $2.90, though momentum indicators signal weakening buying pressure.

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XRP tests $3.25 resistance with bullish accumulation and Wave 3 targets above $13. Stay updated with COINOTAG for the latest crypto insights.

Technical Pattern Aligns With Historical Wave 3 Setup for XRP

XRP’s price action mirrors historical Elliott Wave patterns, particularly the Wave 3 phase seen in previous bull cycles of 2017 and 2021. Analysts note retracements near Fibonacci levels 1.618 and 2.618, which typically precede strong upward moves. The current structure shows XRP forming higher lows on weekly and monthly charts, maintaining support above $2.90.

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What Are the Key Wave 3 Targets for XRP?

Analysts forecast Wave 3 price targets at $13.13, $18.22, and $36.76, reflecting potential strong rallies. The immediate resistance zone at $3.25 is crucial; a break above could open the path to $3.80–$4.30. Despite slowing momentum indicated by RSI and MACD, the overall bullish trend remains intact, supported by price stability above $2.75.

Derivatives and On-Chain Data Reveal Mixed Sentiment but Rising Accumulation

Data from CoinGlass indicates a decline in XRP futures open interest from $10.94 billion to approximately $9 billion over the past week, signaling some traders are reducing exposure. Funding rates have turned negative, reflecting increased short positions and short-term bearish sentiment.

Source: CoinGlass

Conversely, on-chain metrics show rising wallet activity and net outflows from exchanges, indicating accumulation by long-term holders. This suggests early positioning for a potential rally despite short-term caution in derivatives markets.

Frequently Asked Questions

What are the projected Wave 3 price targets for XRP?

Wave 3 targets for XRP are projected at $13.13, $18.22, and $36.76, based on Elliott Wave theory and historical price patterns observed during previous bull cycles.

Why is XRP’s momentum weakening despite a bullish structure?

Momentum indicators like RSI and MACD show weakening buying strength, which is common before significant price moves. However, the overall uptrend remains intact due to strong support levels and accumulation.

Key Takeaways

• XRP is testing $3.25 resistance: A critical level before potential breakout towards Wave 3 targets.
• Wave 3 targets range from $13.13 to $36.76: Based on Elliott Wave theory and historical price movements.
• On-chain data shows rising accumulation: Despite bearish derivatives sentiment, long-term holders are accumulating XRP.

Conclusion

XRP’s current technical setup and on-chain signals indicate a pivotal moment in its market cycle. Testing $3.25 resistance with strong support above $2.90, XRP is poised for a potential Wave 3 rally targeting prices well above $13. Investors should monitor momentum indicators and accumulation trends closely as the market evolves.

• XRP is approaching a critical resistance level at $3.25, signaling a potential breakout aligned with historical Wave 3 price surges.

• On-chain data reveals increased wallet activity and accumulation, suggesting long-term holder confidence despite short-term bearish derivatives trends.

• COINOTAG analysis highlights XRP’s strong support above $2.90 and a bullish market structure, though momentum indicators show some weakening strength.

XRP tests $3.25 resistance with bullish accumulation and Wave 3 targets above $13. Stay updated with COINOTAG for the latest crypto insights.

Technical Pattern Aligns With Historical Wave 3 Setup for XRP

XRP’s price action mirrors historical Elliott Wave patterns, particularly the Wave 3 phase seen in previous bull cycles of 2017 and 2021. Analysts note retracements near Fibonacci levels 1.618 and 2.618, which typically precede strong upward moves. The current structure shows XRP forming higher lows on weekly and monthly charts, maintaining support above $2.90.

What Are the Key Wave 3 Targets for XRP?

Analysts forecast Wave 3 price targets at $13.13, $18.22, and $36.76, reflecting potential strong rallies. The immediate resistance zone at $3.25 is crucial; a break above could open the path to $3.80–$4.30. Despite slowing momentum indicated by RSI and MACD, the overall bullish trend remains intact, supported by price stability above $2.75.

Derivatives and On-Chain Data Reveal Mixed Sentiment but Rising Accumulation

Data from CoinGlass indicates a decline in XRP futures open interest from $10.94 billion to approximately $9 billion over the past week, signaling some traders are reducing exposure. Funding rates have turned negative, reflecting increased short positions and short-term bearish sentiment.

Source: CoinGlass

Conversely, on-chain metrics show rising wallet activity and net outflows from exchanges, indicating accumulation by long-term holders. This suggests early positioning for a potential rally despite short-term caution in derivatives markets.