XRP/USD Weekly Elliott Wave Fibonacci Analysis - Wave (4) Support Zone Under Watch

XRP is currently consolidating within a critical Fibonacci support zone as part of its Elliott Wave structure. Price action suggests that the fourth wave of a macro impulse (initiated from the 2022 bottom) is nearing completion. The key question now: Can the support hold, or will we see an extended correction? Let’s break down what the technical setup tells us.

Understanding the Wave (4) Elliott Wave Structure

The Elliott Wave pattern reveals that XRP is forming the fourth corrective wave of a larger impulse move. This structure is textbook perfect — overlapping price swings, lower highs, and controlled momentum losses are all classic traits of fourth-wave behavior. At $1.45 USD (+1.61%), the coin has recovered modestly from recent lows and is now testing whether this support zone can act as a springboard for the next leg higher. As long as the current range holds, the bullish scenario remains intact.

Fibonacci Retracement Levels as Dynamic Support

The magic happens in the Fibonacci zone where XRP is currently trading. The support area spans from the 0.5 (HWB) to the 0.618 (GZ) retracement level — a textbook Fibonacci support band that often reverses corrections before larger moves unfold. This isn’t random; decades of market history show that fourth waves frequently find support at these exact Fibonacci ratios. Holding above this zone is essential for the uptrend narrative to continue.

Wave (5) Targets and Upside Potential

If the fourth wave support holds and fifth-wave momentum builds, price targets become compelling. The 0.236 macro Fibonacci retracement points toward $4.50, representing the initial extension target. Beyond that, aggressive momentum could push XRP toward $6.00 if buying pressure accelerates. These aren’t arbitrary numbers — they’re derived from the wave structure and Fibonacci ratios applied to the entire impulse cycle.

Critical Risk Level - When the Bullish Count Breaks Down

The flipside scenario demands respect. A decisive breakdown below the highlighted Fibonacci support band would invalidate the bullish count and signal that wave four is extending into a deeper correction. In that case, downside risk exists toward the $0.35–$0.30 zone. This is the make-or-break level: hold above support, and continuation into wave five becomes likely; lose it, and a larger corrective move could unfold.

The technical setup is clear. Fibonacci levels have defined both opportunity and risk. Monitor the support zone closely — this will determine XRP’s next major move.