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XRP XRP Orthogonal is easy to be near $1.49, crypto analyst EGRAG CRYSTPTO believes the asset is at the beginning of a major structural movement
XRP is trading around $1.49 on monthly charts, and crypto analyst EGRAG CRYSTPTO (@ regcrypto) believes the asset is at the beginning of a major structural movement. His latest analysis applies Elliott Wave theory to the price history of XRP. He believes the asset is in the early stages of wave 3 and describes it as the beginning of an "explosion."
Elliott Wave Structure
EGRAG CRYSTPTO's chart depicts a five-wave driving structure that spans more than a decade of XRP price movements. The first wave was formed between 2014 and 2017. Then came the second wave as a correction, causing prices to fall sharply. Wave 3 then triggered a significant rally in early 2018, followed by Wave 4 and extended Wave 5 peaks.
Analysts identified the price behavior recently marked by the chart as an ABC adjustment as a completed second wave reset in the new high-order five-wave cycle. Based on his count, XRP completed the adjustment sequence at approximately $0.96. The direction of XRP has changed after soaring in late August and has begun to advance to what he believes is the third wave of the new cycle.
EGRAG CRYSTPTO outlines three price targets for Wave 3 based on Fibonacci expansion levels.$ 8 corresponds to 1.236 extended bits.$ 15.09 corresponds to the 1.414 level.$ 31.19 is located in the 1.618 extension bit. His chart clearly marks these levels in the current price channel.
Analysts pointed out that the third wave is "usually 161.8% of the first wave." His chart also confirmed that wave 2 retractions typically fall between 50% and 85.4% of wave 1, while wave 4 adjustments typically account for 14.6% to 38.2% of wave 3.
Confirmation Level
EGRAG CRYSTPTO sets clear conditions to confirm his wave count. XRP must break the previous high in the $3.40 to $3.50 range. He described clearing the level as "a significant sign that the third wave is really beginning." Until then, the count had not been confirmed.
Current prices are well below this threshold. Price behavior has not yet verified the trend he describes.
A key point in the EGRAG CRYSTPTO analysis is that even if the third wave reaches the expected target, it does not represent the end of the cycle. His roadmap includes a fourth wave adjustment after the third wave is completed, followed by a fifth wave expansion. He made it clear: "The third wave is not the end." His macro roadmap envisions a multi-year structure that stretches into 2028 and beyond.
