- XRP shows a clear plan for a Wave 3 move toward $2.73 once the chart breaks the two firm zones at 2.18 and 2.30.
- The current chart setup shows support at $2.07, with a touch of that zone seen as a normal short-term move.
- Traders now wait for an impulse wave that forms above $2.18 as that break starts the full climb toward Wave 3.
XRP approached a decisive technical phase as traders tracked a possible push toward 2.73 after the price held the 2.07 support level and moved toward the key resistance band at 2.18 and 2.30. The chart suggested that a break above those levels may spark a fresh impulse wave that could form the base of a larger Wave 3 structure. Analysts watched the setup closely as the market prepared for the next directional step.
Wave 3 Projection Builds as XRP Holds 2.07 Support
The trading setup displayed a clear structure based on Fibonacci zones and recent swing levels. The chart placed 2.07 as the active support that continued to hold during the latest dip. Price movement near that level showed a controlled reaction that aligned with previous touches during the last two sessions.
Traders mapped a potential impulse wave that may form if the price lifts beyond the local resistance areas at 2.18 and 2.30. These two levels formed the nearest barrier to upward continuation. The chart also showed Fibonacci 0.236 at 2.18 and a cluster of earlier reactions near 2.30. Because of this structure, analysts expected an acceleration in momentum if both were cleared.
The projected path placed Wave 3 at $2.73, with extension levels rising to 1.618. This target matched the layered Fibonacci plan shown on the chart. A later target near 3.00 appeared in the higher extension area, though the analyst noted that Wave 4 and Wave 5 levels may shift depending on how high Wave 3 reaches.
Price Structure Shows Key Levels Ahead of a Possible Impulse Wave
The chart also displayed a dense support area between 2.00 and 2.07. This region blended the 0.618 and 0.786 Fibonacci retracement levels with several recent consolidation points. The reaction from this zone formed a rising structure that continued to build strength through early December.
The SMA 14 moved closely under the price during the latest bounce, which supported a short-term bullish bias. RSI on the 4H chart held near 53, showing room for further advance without approaching overbought pressure. This combination created a setup where momentum could shift quickly once buyers push through resistance.
A major question now sits in front of traders. Can XRP break the 2.18 and 2.30 block before the end of December to activate Wave 3? Market reaction at that zone may determine whether the structure completes as projected or is delayed into early 2026.
Analyst Expects Structure to Play Out Through the Rest of 2025
According to the shared outlook, XRP may continue forming its Elliott Wave sequence through the remainder of 2025. The analyst noted that Wave 3 requires a confirmed impulse wave above the resistance corridor. Once that move forms, the price may begin the climb toward 2.73.
The long-term plan also included Wave 4 and Wave 5 targets, though the analyst indicated they may adjust slightly if Wave 3 extends above the initial projection. Until the break forms, traders continue to watch support near 2.07 to judge short-term strength.
