Crypto analyst Carolina (@Carolinatcwnl) has shared an in-depth weekly chart breakdown for XRP, applying Elliott Wave theory to map repeating price patterns and forecast future trends. Her findings suggest that XRP is wrapping up a significant correction, prompting her to advise investors to monitor the underlying structure.
The weekly time frame highlights a three-wave corrective pattern marked as A, B, and C. Following a 500% rally in late 2024, Wave A formed a steep drop, while Wave B staged a robust rebound past the starting point of Wave A.
Subsequently, Wave C brought the price back toward $1. Carolina points to this low as the conclusion of Sub-wave 1, concluding that the correction has run its course and the market is preparing for its next movement.
Keep this key structure in mind:
When $XRP reaches $1.00, we anticipate that Sub-wave 1 is complete.
Once the $XRP weekly close breaks above $1.56, Weekly Wave 2 will be considered complete, and the market will enter the next phase.
Sub-wave 3 targets:
$1.88 → $4.10 → $7.07… pic.twitter.com/viqaHJG6Zm
— Carolina (@Carolinatcwnl) October 10, 2026
$1.56 is the Trigger
Carolina highlights $1.56 as the pivotal threshold to monitor, noting that a weekly close above this mark would finalize Weekly Wave 2. Such a confirmation would signify the conclusion of the correction and the onset of a major upward trajectory.
Additionally, she pinpoints $1.29 and $1.37 as vital support levels. Maintaining prices above this band preserves the bullish setup, with Carolina observing that “the potential for the next leg up is worth watching” as long as support holds firm.
The $1.56 breakout level holds immense importance in her outlook. A weekly close past this mark transcends a mere technical milestone by shifting the macro trajectory for XRP’s next direction. Until that confirmation occurs, the corrective period remains technically active.
Sub-Wave 3 Price Targets
Projections for Sub-wave 3 form the core of Carolina’s evaluation, outlining three progressive targets: $1.88, $4.10, and $7.07. The $1.88 objective corresponds to the 161.8% Fibonacci extension, the $4.10 level hits the 261.8% extension, and the $7.07 target corresponds with the 361.8% extension.
Every milestone outlines a specific stage inside the Sub-wave 3 advance. Although the chart also outlines an extended goal of $10.11 at the 427.2% level, Carolina’s primary targets cap at $7.07.
Confirmation Comes First
Carolina refrains from declaring the rally underway just yet, as her work outlines specific prerequisites necessary for the trend to activate. As she explains, the main focus is “confirming a breakout above $1.56 and seeing if the bulls can drive the price into the Sub-wave 3 rally.”
The designated support zone must hold, and the $1.56 mark requires a decisive weekly close. Should both criteria materialize, her technical framework positions $1.88, $4.10, and $7.07 as the markers guiding XRP’s next chapter.