XRP News Today: XRP Tests $3.25 Resistance as Wave 3 Targets $36.76 Amid Rising On-Chain Accumulation

XRP is currently at a pivotal juncture as it tests the critical $3.25 resistance level, with analysts identifying potential Wave 3 price targets significantly higher, ranging from $13.13 to $36.76. This projection is grounded in historical Elliott Wave patterns observed during the 2017 and 2021 bull cycles, where Wave 3 typically follows a retracement near Fibonacci levels 1.618 and 2.618 [1]. The current structure shows XRP forming higher lows on weekly and monthly charts, maintaining strong support above $2.90, which analysts view as a crucial threshold for sustaining the bullish trend [1].

On-chain data reveals growing accumulation by long-term holders, evidenced by rising wallet activity and net outflows from exchanges. Despite bearish derivatives sentiment, including a decline in XRP futures open interest from $10.94 billion to $9 billion over the past week and negative funding rates indicating increased short positions, the accumulation trend suggests early positioning for a potential rally [2]. This divergence between derivatives and on-chain metrics highlights a complex market dynamic, where short-term caution coexists with long-term bullish positioning.

The immediate resistance zone at $3.25 is seen as a key inflection point. A breakout above this level could open the path to intermediate targets of $3.80–$4.30, with broader Wave 3 targets extending to $13.13, $18.22, and $36.76 [1]. Analysts caution, however, that momentum indicators like the RSI and MACD show weakening buying pressure, a common precursor to significant price moves. While the overall uptrend remains intact due to sustained price stability above $2.75, investors are advised to monitor these indicators closely for potential shifts in market sentiment [1].

Forecasting a more ambitious trajectory, some analysts, including XRP enthusiast Dark Defender, suggest the asset could eventually target $117 by surpassing the aforementioned Wave 3 milestones [1]. This projection, however, is explicitly labeled as speculative and not financial advice. The historical alignment of XRP’s price action with Wave 3 setups reinforces the narrative of a potential bullish breakout, particularly if the $3.25 level is decisively breached.

The cooling period in XRP’s market cycle appears to be nearing its end, with on-chain activity and derivatives data pointing to a transition phase. While derivatives markets signal short-term bearishness, the accumulation trends and structural support levels indicate that long-term holders remain confident in the asset’s trajectory. This duality underscores the importance of distinguishing between immediate volatility and broader market fundamentals.

For investors, the focus should remain on the interplay between key resistance levels and accumulation trends. A sustained break above $3.25 could catalyze a rally toward the initial Wave 3 targets, while failure to hold above $2.90 may trigger a reevaluation of the bullish case. Given the mixed signals across market segments, a balanced approach that incorporates both technical analysis and on-chain metrics is recommended.

Source: [1] [title1] [url1] [2] [title2] [url2]

[1] https://en.coinotag.com/xrp-tests-3-25-resistance-amid-rising-accumulation-and-wave-3-targets-above-13/

[2] https://en.coinotag.com/xrp-tests-3-25-resistance-amid-rising-accumulation-and-wave-3-targets-above-13/