XRP Has Entered the Fifth Iteration of Elliott Wave Pattern with Short-Term Price Targets Around $1.23 to $1.40

1. XRP has started the fifth and final stage of an Elliott Wave pattern initiated in late June 2026 Newsworthy Reliable Positive
2. Initial short-term price target for XRP in wave five is $1.23062, with potential extension up to $1.40 Newsworthy Reliable Very positive
3. XRP’s price was $1.09810 at analysis time, showing neutral momentum per RSI at 47.98 Relevant Reliable Neutral
4. The Elliott Wave structure formed on 4-hour timeframe since XRP hit $1.012 low on June 26, 2026 Relevant Reliable Neutral
5. Wave three experienced the strongest rally, lifting XRP to $1.18 by July 4, 2026, a 15.7% gain Relevant Reliable Very positive
6. Wave four was a detailed ABC correction ending at $1.06 on July 13, 2026 Relevant Reliable Negative
7. Price support around $1.09 is critical for maintaining bullish wave count; dropping below $1.06 negates it Newsworthy Reliable Positive
8. Bearish alternative scenario remains possible without breaking Elliott Wave theory rules if price falls below wave four low Relevant Reliable Negative

Type: analysis · Analysis confidence: 95%

Used in syntheses

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