Compass Investments

– XRP is ready to surge 2900% as indicators give bullish signals? Key Points:

XRP price has completed the Elliott Wave Theory correction phase, preparing for a possible 2900% surge by 2026.

Ripple’s 6-week chart analysis shows a bullish flag forming above the 7-year base, with a target of $8-$9 at the beginning of the rise.

XRP charts show a falling wedge pattern, foreshadowing a short-term breakout to the $2.36-$2.59 range.

Ripple’s native cryptocurrency, XRP, is on the verge of a significant rally based on current technical data and whale accumulation trends. According to analysts, the price of XRP has completed a corrective stage in the Elliott Wave structure.

This positions the altcoin for a potential third wave, which tends to be the largest in Elliott bullish cycles.

experts suggest that this could push the price of XRP to $12 by 2026, which corresponds to an expected 2900% increase from the current range.

online activity confirms this, with recent data showing that whales have accumulated over 440 million XRP in the last month.

At the same time, short-term technical indicators show that the asset is trading near important breakout levels, adding interest to its price movement.

XRP price has completed a pullback, which suggests the beginning of a new upward wave.

The current wave, labeled as wave 3 in the Elliott sequence, is often the longest. This phase could lift XRP from the $2 to $12 range by 2026.

EWCycles, a technical analyst, supports this forecast. In his estimation, the XRP price movement indicates a shift from consolidation to a strong uptrend. The price is fluctuating between $2.05 and $1.65, forming the basis for the next upswing.

Ripple’s price action on higher timeframes has shown an ascending channel, which is usually seen as a trend continuation pattern. As long as the altcoin maintains its current pattern with rising lows and highs, the trend may continue.

Analysts are keeping a close eye on $2.36 as a key resistance level in the short-term, while $2.59 is seen as the next target.

Technical analyst Brandon pointed out a long-term bullish pattern on the six-week chart of XRP. In his opinion, XRP is forming a breakout pattern based on a historical support area that has held for more than seven years. This level has previously served as a reference point in previous market cycles, including the 2017-2018 bull run.

Brandon highlights a bullish flag pattern following a breakout candle. This pattern, often seen as a consolidation before further gains, indicates that Ripple may be entering the fifth wave of the Elliott sequence.

This wave is usually associated with a sharp rise in price. Its analysis predicts a move to $8-9 in the early stages of a new growth phase.