XRP Wave 3 Setup Eyes Breakout After RSI Signal

XRP Wave 3 setup gains attention as bullish RSI divergence emerges while key resistance levels remain essential for confirmation.

• XRP shows a bullish RSI divergence, suggesting downside momentum is easing despite recent lower price lows on the 3-day chart.
• Price must reclaim major resistance zones before the projected Elliott Wave 3 scenario receives technical confirmation.
• XRP trades near $1.06 as traders monitor support levels while awaiting confirmation of a broader bullish market structure.

XRP Wave 3 remains under close watch after a bullish momentum signal emerged on the three-day chart, while price continued consolidating near important support levels ahead of a potential trend confirmation.

Bullish Divergence Draws Market Attention

Crypto analyst EGRAG CRYPTO shared a new three-day XRP chart outlining a developing Elliott Wave structure. The post pointed to a bullish divergence between price action and the Relative Strength Index. Price continued printing lower lows. Meanwhile, the RSI formed higher lows during the same period.

That pattern often signals weakening selling momentum before a potential reversal develops. However, the analyst stated that the divergence alone does not confirm a trend change. Price must still validate the setup through higher highs and stronger market structure.

Source: X

According to the chart, XRP may be approaching the end of Wave 2. Elliott Wave theory generally views this phase as a corrective movement before another impulsive advance. Even so, confirmation depends entirely on future price action.

The analysis emphasized that technical structure remains more important than market sentiment. Traders were encouraged to monitor price instead of reacting to daily volatility. Confirmation remains the deciding factor for the bullish scenario.

Resistance Levels Remain the Primary Focus

The post identified several price zones that could determine the next major direction. The first resistance area sits between $1.30 and $1.60. Sustained closes above that region would strengthen the bullish outlook considerably.

The next important level appears near $1.96, followed by the $3.00 to $3.60 range. A move beyond the previous Wave 1 high would provide the strongest technical confirmation. Until then, the projected Wave 3 remains an unconfirmed market structure.

Support levels also remain clearly defined within the analysis. The first buying zone extends between $1.00 and $0.95. Additional structural support appears near $0.75, followed by the deeper $0.60-$0.52 range.

These support levels help preserve the existing Elliott Wave count. Losing them could weaken the current bullish interpretation. Holding them keeps the broader structure technically intact.

XRP Consolidates While Waiting for Confirmation

CoinMarketCap data showed XRP trading near  $1.06after a modest daily decline. Price traded mostly between $1.07 and $1.08 before late-session selling pressure emerged. The move reflected consolidation rather than a decisive trend reversal.

Trading volume reached approximately $1.03 billion during the past 24 hours. Volume increased slightly despite the lower price performance. That combination suggested continued market participation during the consolidation period.

Short-term support as of writing, rests around $1.05-$1.06. Holding that zone may encourage another attempt toward $1.08 and $1.10 resistance. A break below support could invite additional selling pressure.

The chart projected long-term Fibonacci targets of $6.42, $13.37, $22.55, $29.63, and $43.83 if Wave 3 eventually develops. Those targets remain conditional upon confirmed breakouts above the corrective structure and the previous Wave 1 peak. Until those conditions are satisfied, traders continue watching technical confirmation rather than projections alone.