XRP Maintains Key Support Amid Elliott Wave Indicating Caution towards $3.50–$4
XRP is currently in a consolidation phase after experiencing some volatility at the end of 2025. The cryptocurrency is now trading around $2.06, slightly down from its recent high of $2.17. Despite some downward pressure, XRP has found strong support around the $2.00 mark, suggesting that buyers are actively defending this level.
Analysts believe that XRP’s current price action reflects a balance in the market rather than exhaustion. This pause in movement is common as markets reassess liquidity conditions before making the next move. The $2.00 level is seen as a critical psychological and structural support zone for XRP, and its ability to reclaim and defend this level indicates strong buyer confidence.
One technical analysis pointed out by a well-known market analyst suggests that XRP is going through an expanded flat correction on the daily chart. This correction is part of a broader corrective phase following a previous impulse move. While this interpretation is not definitive and is subject to changes in market conditions, it indicates that XRP could see higher levels once broader market liquidity improves.
On higher timeframes, XRP’s structure remains resilient, with the asset forming higher lows on the weekly chart. This pattern is typically associated with trend stabilization rather than distribution. The $2.00–$2.25 range is considered a developing value area where spot demand has consistently emerged, signaling the commitment of buyers.
From a technical perspective, the $3.50–$4.00 region is historically a strong supply zone for XRP. Any move towards this range would require confirmation through a break above recent highs, increased spot volume, and supportive broader market conditions. Conversely, a failure to maintain support above $2.00 could lead to extended range-bound trading for XRP.
In conclusion, XRP’s outlook remains data-dependent, with structural indicators pointing towards a stabilization phase above critical support levels. While there are expectations of potential moves towards higher price targets, market conditions and liquidity will play a crucial role in determining the cryptocurrency’s next directional move. As always, traders and investors should monitor key levels and indicators to gauge the sustainability of any potential trends in the XRP market.
