bullish

Dark

Momentum

Cloud

<ul>
 <li><strong>The weekly chart shows that the structure of the impulse is bullish with targets of 4.17 and 5.85, which coincides with the 261.8% Fibonacci extension.</strong></li>
 <li><strong>Wave (2) of XRP looks finished and is trading above the 2.64 support, indicating a possible further trade to higher Fibonacci extension levels.</strong></li>
 <li><strong>The major resistance appears at $3.00 and $3.66, which proves important in establishing momentum, which is backed by the moving Ichimoku Cloud support above 2.64.</strong></li>
</ul>
<p>XRP has shown a bullish setup on the weekly chart, with momentum building toward possible higher price targets. Technical patterns indicate that a larger impulsive wave may be underway, supporting potential gains. Traders are closely monitoring key support and resistance levels.</p>
<div id="media_image-5" class="widget widget_media_image cfu-banner cfu_banner-728 cfu-banner-lg"><a href="https://buy.magacoinfinance.com/coinfuturadisplay" rel="noopener noreferrer nofollow"><img width="1452" height="181" src="https://coinfutura.com/wp-content/uploads/2025/07/magacoins-new.webp" alt="magacoins-new" style="max-width: 100%; height: auto;"></a>
</div>
<h3 class="wp-block-heading" id="strong-elliott-wave-analysis-suggests-wave-3-momentum-strong"><strong>Elliott Wave Analysis Suggests Wave (3) Momentum</strong></h3>
<p>The weekly XRP/USD chart shows a potential Wave (3) of a larger impulsive cycle. Wave (1) reached around $3.66 before correcting through an ABCDE triangle. The correction found support near $2.645, aligning with the 50% Fibonacci retracement.</p>
<figure class="wp-block-image size-large"><img src="https://coinfutura.com/wp-content/uploads/2025/10/image-2-1024x577.png" alt="">
 <figcaption>
  Source: <a href="https://pbs.twimg.com/media/G2H6spjW8AAKG-o?format=jpg&amp;name=4096x4096" target="_blank" rel="noopener noreferrer nofollow">Dark Defender</a>
 </figcaption>
</figure>
<p>Wave (2) appears complete, and current trading around $2.87 positions XRP above the Ichimoku Cloud. The cloud acts as a dynamic support, reinforcing the bullish structure. Elliott Wave theory suggests extended Wave (3) moves often reach the 261.8% Fibonacci extension.</p>
<p>The approximate extension levels of impulsive cycles are targets of this potential Wave (3) of approximately $4.17 and $5.85. To keep the bullish setup, it is important to maintain the support above 2.645.</p>
<h3 class="wp-block-heading" id="strong-market-structure-and-support-levels-strong"><strong>Market Structure and Support Levels</strong></h3>
<p>XRP’s market structure has shifted from consolidation to bullish impulse, with internal ABC corrections aligning with the Elliott Wave count. Weekly candles closed near higher ranges, indicating a possible trend continuation.</p>
<p>Price floors are based on the support levels of about $2.70 and 2.64. A break below $2.645 would re-focus on 2.22 which is the 23.6% Fibonacci retracement rate. These levels are critical for traders assessing risk.</p>
<p>Dark Defender <a href="https://x.com/DefendDark/status/1973136643180695935" target="_blank" rel="noopener noreferrer nofollow">noted on X that </a>“4th Wave is complete. 5th Wave is in progress,” suggesting potential extension into double digits. The comment reflects ongoing market momentum despite bearish sentiment.</p>
<h3 class="wp-block-heading" id="strong-key-levels-and-potential-targets-strong"><strong>Key Levels and Potential Targets</strong></h3>
<p>Short-term levels of resistance to observe are $3.00 and $3.66. Bullish continuation could be supported by a weekly close above them and could draw in more volume. Traders often watch these breakout levels for potential entry points.</p>
<p>XRP’s price movement above the Ichimoku Cloud supports the notion of dynamic support. This indicates a trend shift from consolidation to a potential upward trajectory over the coming months.</p>
<p>Technical analysis points to higher Fibonacci extension targets of $4.17 and $5.85. Maintaining support levels and monitoring volume near resistance will help traders identify confirmation signals.</p>

XRP Poised for Wave (3) Surge as Weekly Chart Confirms Bullish Structure

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