XRP weekly Elliott Wave structure places the current pullback in Wave 2, with $1.44 support and $1.88 resistance shaping the next stage of the setup
XRP’s weekly chart is sitting at an important stage of a broader Elliott Wave setup, with price near $1.50 after completing the first leg of the structure. The current pullback is being treated as Wave 2, while the next larger expansion would only come into focus if XRP continues to hold the support cluster beneath the current price
The chart does not show a specific exchange, but it is built on the XRP/USD weekly timeframe. Its reference price stands at $1.4980, with a recent high near $1.6992 and a low around $0.9852
The blue wave count shows the first advance already completed, followed by the current Wave 2 retracement
That pullback is developing inside a broad support zone marked by Fibonacci levels at $1.5693, $1.4446, and $1.2939. XRP is trading between the upper two levels, so the immediate question is whether buyers can keep price above the mid-$1.40s and prevent a deeper retracement toward $1.29
The chart also shows a shaded historical zone across this region, suggesting sideways trade could continue before the next impulse begins
A sustained break below $1.2939 would weaken the current wave count and force a reassessment of the bullish structure
Above current price, the first extension sits at $1.8815. XRP would need to gain about 26% from $1.4980 to reach that level
The next important extension appears at $2.9032, almost 94% above the current reference price
Only after those levels are cleared does the projected Wave 3 advance begin to open toward $4.1046. From $1.4980, that would require roughly a 174% move
The chart then places Wave 5 around $7.0790, representing an increase of about 373% from current price
Beyond the first five-wave sequence, the chart marks additional extension levels at $10.1106 and $18.2275, with a much larger projection at $36.7676
Those distant levels are not the immediate setup. They depend on XRP first holding the Wave 2 support zone and then successfully clearing the nearer resistance levels at $1.88, $2.90, $4.10 and $7.07
For now, the next observable test is much closer: XRP needs to hold above roughly $1.44 and begin pushing back through $1.57-$1.88 before the larger roadmap gains stronger technical support
