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XRP The monthly line of XRP is approaching US$1.49, and analyst EGRAG CRYSTPTO points out that assets may enter a new stage of major prices.
As of early October, XRP's trading price on the monthly chart is close to US$1.49. Well-known cryptocurrency analyst EGRAG CRYSTPTO suggested that the asset may be entering a major new price cycle. He used Elliott Wave theory to outline a long-term roadmap for the early formation of the potentially explosive third wave.
Elliott Wave Structure Map Across Decades
EGRAG CRYSTPTO demonstrates a five-wave push pattern spanning XRP's decade-year price history. According to his analysis, the first wave occurred between 2014 and 2017, followed by an adjusting second wave, followed by a strong third wave rebound that peaked in early 2018. The fourth and fifth waves then completed the cycle.
Currently, he believes that the recent price trend is an ABC adjustment wave, constituting a new round of "second wave reset" in the larger five-wave pattern. Analysts pointed out that XRP changed direction after completing a correction of about $0.96 and began to climb after showing a significant rise at the end of August. EGRAG CRYSTPTO believes that XRP has begun to enter the "third wave" of this new development cycle.
EGRAG CRYSTPTO is a closely watched market analyst known for his in-depth use of Elliot Wave Theory for technical analysis. The model attempts to predict price trends based on recurring fractal wave patterns in financial markets.
Small Dictionary: Elliot Wave Theory
One method of technical analysis developed by Ralph Nelson Elliott is that its core idea is that prices move in repetitive cycles or "waves" driven by investor psychology. It is widely used in cryptocurrencies and traditional markets to predict price trends and turning points.
Fibonacci expansion reveals bold price targets
To predict the potential range of the "third wave," EGRAG CRYSTPTO used the Fibonacci expansion ratio to provide three specific price targets. 1.236 The extension corresponds to $8, the 1.414 extension implies $15.09, and the 1.618 extension predicts a possible peak of $31.19. He further explained that the "third wave" can usually reach 161.8% of the "first wave" increase. Standard corrections for the "second wave" are usually between 50% and 85.4% of the "first wave" increase, while corrections for the "fourth wave" typically fall between 14.6% and 38.2% of the "third wave" increase.
In his analysis, these expected levels are regarded as key concerns, provided that XRP's upward momentum can be sustained through the "third wave."
Need to break through the US$3.40 - 3.50 range confirmed
Analysts stressed that confirmation of its bullish wave count depends on whether XRP can surpass its previous local highs in the $3.40 to $3.50 range. EGRAG CRYSTPTO said that only a decisive breakthrough of this level can signal that the "third wave" is fully effective. Prices are still lower than in the area, so the wave-like structure has not yet been confirmed.
Clearing the US$3.40 - 3.50 zone will be a major signal that the "third wave" is really starting, but this trend has not yet materialized.
Long-term outlook goes beyond the "third wave"
EGRAG CRYSTPTO emphasizes that even if the "third wave" achieves these bold price targets, it will not mark the end of the XRP multi-year cycle. He expects a "fourth wave" of correction to follow, and then a "fifth wave" of expansion will push prices to new highs. His macro roadmap depicts an extended structure that may last into 2028 and beyond.
He reiterated that "the third wave is by no means the end," emphasizing the broader perspective that the cycle could last for years.
