XRP bulls are trying to turn a brutal selloff into more than a short-lived relief bounce — and one technical take suggests they might be building a three-part impulsive recovery from the recent lows.
What the chart shows
- The analysis, shared on X by RWA_Investor, reads XRP’s action since last year as a macro corrective sequence (a W–X–Y double-zigzag) that unfolded from highs above $3.
- Wave W completed an ABC decline and bottomed in early February at roughly the (C)/(W) low.
- A linking Wave X produced a counter-rally that pushed XRP above $1.50 in mid-May before rolling back into the final Y leg, which has driven price down again to the ~$1.12 area.
The three-part recovery scenario
RWA_Investor maps out an anticipated change from correction to a bullish impulse — an ABC-style recovery that, if realized, would be staged roughly like this:
1. Wave A: an initial impulsive rebound toward the $1.9–$2.12 area (some projections show a first push into the ~$1.94 region, others nearer $2.12).
2. Wave B: a pullback/retest into the $1.46 zone (this is a key support/resistance trendline and the first meaningful test).
3. Wave C: the strongest leg, expected to drive price into a resistance band/“destination box” between about $2.39 and $3.11, with a more focused C-target between $2.70 and $3.10.
Why the levels matter
- Clearing the broken levels from the crash is essential: pushing through the $1.46 area and sustaining momentum into the $2+ zone would be the proof-of-life for the bullish case.
- A decisive break above $3.10 would be especially significant — it would imply XRP has likely put in a macro bottom near the $1.05 area and could mark the start of a longer-term trend reversal toward higher highs.
Downside still possible
If the rebound loses steam under the upper band and fails to hold, the corrective story isn’t dead: XRP could revisit lower macro corrective targets in the $0.75–$1.00 range. Several analysts have pointed to a possible bottom zone near $0.87–$0.92 under that scenario.
Bottom line
Technically, there’s a clear, testable roadmap for a three-wave recovery from the recent ~$1.05–$1.12 lows, but the bullish thesis hinges on reclaiming and holding the $1.46–$2.12 corridor. Traders should watch those levels closely — a break above $3.10 would be bullish confirmation, while failure to sustain the rebound would leave lower corrective targets on the table.
Read more AI-generated news on: undefined/news
