Trading near $1.49 on the monthly charts, XRP is positioned at the inception of a major structural movement, according to crypto analyst EGRAG CRYPTO (@egragcrypto). His most recent evaluation utilizes Elliott Wave theory to examine XRP’s historical price performance.
He characterizes the asset as being in the initial phases of Wave 3, labeling it as the commencement of the blast.
The Elliott Wave Structure
The chart shared by EGRAG CRYPTO illustrates a five-wave impulse pattern spanning over ten years of XRP market history. Wave 1 formed between the years 2014 and 2017. This was succeeded by Wave 2 as a corrective phase, which brought about a steep pullback in value. Wave 3 then generated a substantial upward surge into early 2018, leading into Wave 4 and an extended Wave 5 peak.
The analyst points to recent price action—marked on the chart as an ABC correction—as a finalized Wave 2 reset within a fresh, higher-degree five-wave cycle. Based on his wave count, XRP finished that corrective phase at roughly $0.96. Following a breakout at the close of August, XRP shifted trajectory and started pushing into what he considers Wave 3 of this new cycle.
#XRP – WAVE 3: THE BEGINNING OF THE BLAST? :
From an Elliott Wave perspective, this is getting VERY interesting.
If the current ABC correction completed Wave 2, then what comes next?
WAVE 3.
And Wave 3 is typically where the real expansion happens.
My MACRO roadmap:
… pic.twitter.com/he3gK4fxa1
— EGRAG CRYPTO (@egragcrypto) October 4, 2026
The Fibonacci Targets
Drawing on Fibonacci extension levels, EGRAG CRYPTO lays out three distinct price objectives for Wave 3. The 1.236 extension points to $8, the 1.414 level aligns with $15.09, and the 1.618 extension sits at $31.19. These thresholds are explicitly mapped out against the existing price channel on his chart.
The analyst points out that Wave 3 “is typically 161.8% of wave 1.” Furthermore, his chart verifies that Wave 2 retracements generally measure between 50% and 85.4% of Wave 1, while Wave 4 corrections typically span 14.6% to 38.2% of Wave 3.
The Confirmation Level
To validate his wave count, EGRAG CRYPTO establishes a strict benchmark: XRP has to break past the prior high situated in the $3.40 to $3.50 interval. He defines surpassing that threshold as “a MAJOR signal that Wave 3 is truly underway.” Until that event occurs, the projection remains unverified.
Currently, the price trades well underneath that level, meaning the market action has not yet confirmed the scenario he outlines.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Wave 3 Is Not the Final Move
A central tenet of EGRAG CRYPTO’s forecast is that Wave 3—even if it hits all anticipated targets—does not signify the conclusion of the cycle. His broader outlook incorporates a subsequent Wave 4 correction following the completion of Wave 3, which is then succeeded by a Wave 5 expansion. He emphasizes firmly: “Wave 3 IS NOT THE END.” His macroeconomic projection maps out a multi-year framework stretching toward 2028 and beyond.