I recently looked at the XRP chart and noticed something quite interesting. The current price is around $1.38, a significant drop from the peak of $3.6 in July last year, but by tracking its Elliott Wave pattern from 2022 onward, it seems like we are in a major correction rather than the final top. In fact, from the bottom of $0.28 in 2022, XRP has had a pretty impressive recovery. It reached $0.94 in July 2023 (after the SEC ruling), then climbed further to $3.4 earlier this year. If we apply Elliott Wave theory, we might be in Wave 4 or even Wave 2 of a larger structure. The tricky part is not knowing exactly where we are in this cycle. But the optimistic point is that whether it's Wave 4 or Wave 2, the macro targets still point toward around $15-$20. If it's Wave 4, the final Wave 5 will push it to that level. If it's Wave 2 within a larger structure, then the probability is even higher — possibly up to $29. Fibonacci extensions show $12.2 as an intermediate point, $17.69 close to expectations, and $29.37 as the long-term target if Wave 3 is strong. Anyway, XRP is not just stopping at $20 .

An interesting situation is developing around XRP in recent days. The token is trading around $1.38, but analysts are sharing quite conflicting views on where it will go next. On one hand, major players are actively accumulating XRP — they have bought nearly 4.2 billion tokens worth about $5.7 billion since October. The net assets moving from centralized platforms to self-custody are also increasing, meaning fewer coins are available for sale on the market. The RSI has dropped to 30 on the weekly chart — a classic oversold condition that often precedes rebounds. Whales are clearly seeing something in this asset at current levels. But here’s the interesting part — some traders, including TradingShot, point to serious risks. They see XRP has been moving within a descending channel since July 2025, when the price fell from a high of over $3.65. The next downward target could be around the $0.90 level — the bottom of the 2022 bear cycle. WealthManager also warns that the cryptocurrency looks “very dangerous” right now. The XRP market capitalization margin is about $85 billion, and it remains the fourth-largest asset. But if the market turns around — everything could change quickly. The net assets held by whales could either support the price or cause a sudden crash if sentiment shifts. Keep an eye on this level of $1.39 — if we fall below, things will get interesting.