Analyst to XRP Traders: Keep This Key Structure In Mind

Crypto enthusiast Carolina (@Carolinatcwnl) has published a detailed price analysis of XRP on the weekly chart. She uses Elliott Wave theory to identify repeating price patterns and predict future movement. Her analysis shows XRP finishing a major corrective phase, and she asked investors to keep the structure in mind.

The weekly chart shows a three-part corrective pattern labeled A, B, and C. Wave A was a sharp decline after the 500% surge in late 2024. Wave B produced a strong recovery above the Wave A starting point.

Wave C then pushed the price back down near $1. Carolina identifies that low as the end of Sub-wave 1.  According to her analysis, the corrective structure is now complete and the market is setting up for the next phase.

$1.56 is the Trigger

Carolina identifies $1.56 as the critical level to watch. She states that a weekly close above $1.56 would complete Weekly Wave 2. That confirmed close signals the end of the corrective phase and the start of the next major move upward.

She also identifies $1.29 and $1.37 as key support levels. Price holding above that zone keeps the bullish structure intact. She notes that “the potential for the next leg up is worth watching” as long as support holds.

The $1.56 trigger carries significant weight in her analysis. A weekly close above it does not just mark a technical milestone. It changes the entire outlook for XRP’s next directional move. Until that close happens, the corrective phase remains technically open.

Sub-Wave 3 Price Targets

The Sub-wave 3 projection sits at the center of Carolina’s analysis. She maps three ascending targets: $1.88, $4.10, and $7.07. The $1.88 target sits at the 161.8% Fibonacci extension. The $4.10 target marks the 261.8% extension. The $7.07 target aligns with the 361.8% extension.

Each level represents a distinct phase within the Sub-wave 3 move. The chart also projects a further extension to $10.11 at 427.2%, though Carolina’s stated targets stop at $7.07.

Confirmation Comes First

Carolina does not call the rally confirmed yet. Her analysis establishes the conditions that must be met before the move begins. As she puts it, the priority is “confirming a breakout above $1.56 and seeing if the bulls can drive the price into the Sub-wave 3 rally.”

The support zone must hold. The $1.56 level must break on a weekly close. If both conditions are met, her analysis puts $1.88, $4.10, and $7.07 as the levels that define what comes next for XRP.