XRP: Here is What Must Happen Before Bigger Move Begins

Crypto analyst EGRAG CRYPTO has posted an updated Elliott Wave analysis on XRP, urging traders to focus on structure rather than hype.

In his latest breakdown titled “XRP – Elliott Wave Reality Check (W3 = $15–$31)”, he emphasizes that Wave 3 has not yet officially begun.

Wave 1: Textbook Impulse

According to EGRAG, XRP’s previous move, an approximately 814% expansion, fits the profile of a classic impulsive Wave 1. He describes the move as strong in momentum with clean channel respect, aligning with textbook Elliott Wave behavior.

Wave 2: Corrective, But Still Valid

He explains that the current pullback falls within standard Wave 2 retracement levels, typically between 50% and 61.8%. In crypto markets, he notes that even deeper retracements can still be considered valid.

Importantly, XRP remains inside its broader macro channel, meaning the wave structure has not been invalidated. For now, this phase remains corrective.

Wave 3: Needs Structural Reclaim

EGRAG makes it clear that Wave 3 is not confirmed yet. The only confirmation, he says, would be XRP reclaiming the Wave 1 high with a weekly close accompanied by expanding momentum.

Without that structural reclaim, the market is still in Wave 2 territory.

He also adds that Wave 2 could still extend further or move sideways. Declaring Wave 3 prematurely would be a mistake.

Bottom Line

EGRAG’s conclusion is straightforward: the Elliott Wave count remains valid so far, and Wave 2 may be in its final phase. However, Wave 3 begins with confirmation, not belief.

Until XRP decisively reclaims its prior high on a weekly basis, the move should still be treated as corrective rather than impulsive.

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