XRP Poised for Breakout After Completing Correction Phase

After weeks of sideways action, XRP looks like it’s coiling up for something bigger. The crypto has been quietly hovering near the lower edge of a long-term descending channel—a sign that the extended correction might finally be wrapping up. While things have been calm lately, that silence could be the final stage before a breakout, as buying pressure builds quietly underneath.

The Technical Setup

According to analyst DustyBC Crypto, XRP’s multi-month correction appears to be finishing up. The 8-hour chart shows a classic Elliott Wave A–B–C–D–E pattern, with wave E likely complete after a sharp liquidation wick swept through stops below support and immediately bounced back—a textbook sign of seller exhaustion.

Here’s what matters now:

• Support to hold: As long as XRP stays above $2.35, the correction is probably done
• Breakout zone: A move above $2.88–$2.90 would confirm the start of Wave 3—historically the strongest impulse wave
• Key resistance: The 200-period moving average near $3.18 is the next major hurdle
• Upside targets: If the breakout happens, expect a run toward $3.50–$3.80 in the coming weeks

What Happens Next?

XRP’s chart is showing textbook signs of a correction ending. If $2.35 holds, the bullish setup stays intact. A confirmed break above $2.90 could kick off a strong upward phase targeting $3.50 and beyond. Right now, the market feels like it’s charging up—quiet, but coiled. When volatility comes back, XRP might be ready for one of its biggest moves in months.