XRP Chart Update Shows Bullish Setup as Analysts Eye Wave 3 Breakout

XRP’s technical outlook has received another boost after a fresh chart update from analyst EGRAG CRYPTO suggested the token remains firmly on track for its next major breakout phase.

Supply zone resistance holding firm

In his latest “Color Code” analysis, EGRAG pointed out that XRP is still respecting the defined supply and accumulation zones. The “Blue Supply Zone” is acting exactly as expected, capping rallies while preventing sharp breakdowns. According to the model, holding above this range keeps the bullish structure intact.

The next key trigger lies in the “Green Zone” A sustained close within this area would confirm the launch of Wave 3 of 3 – historically the strongest phase in an Elliott Wave sequence. EGRAG reaffirmed that this remains his central thesis, calling any alternate view “absurd.”

Wave count points to explosive upside

The updated projection places XRP’s next impulsive leg at dramatic levels, with potential targets climbing toward $7.15, $11.32, and even $18.41. A final fifth wave could extend toward the $29–$30 region, which would represent XRP’s most significant rally since its 2017 peak.

For now, the structure suggests XRP is completing its Wave 2 consolidation. Traders are watching closely for signs of renewed momentum that could ignite Wave 3 – the critical expansion stage.

XRP community remains steady

Despite ongoing volatility, the XRP community – often referred to as the #XRPFamily – has maintained optimism. EGRAG urged holders to “stay steady and strong,” stressing that patience through consolidation could reward long-term believers if the wave structure plays out as expected.

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Outlook

If XRP successfully transitions into Wave 3, the move could align with broader altcoin rotation trends currently observed in the market. Analysts see rising potential for altcoins to capture flows as Bitcoin consolidates, giving projects like XRP a chance to outperform.

For now, XRP trades just below $3, with the next breakout levels looming large on the horizon. Whether the projected surge materializes will depend on buyers’ ability to push decisively through the green zone in the weeks ahead.