The ongoing XRP rebound push has taken the asset back above the $1.40 level, but it remains unclear if this is the rally to help reclaim $2.
XRP has recovered from its August low, climbing from $0.99 to the current price of $1.48. However, the asset remains way below the $2 level, which it lost in January 2026.
Interestingly, market analyst More Crypto Online believes the current structure could lead to a move toward the $2.14-$2.99 target range. However, XRP must continue holding key support levels and build the right wave structure before the larger move can take shape.
XRP Could Be Starting a Larger Push
The current structure includes the rally that began after the August low of $0.98 and another move that started from the mid-September low of $1.25. XRP dropped into the $1.10-$1.38 support zone on Sept. 16 before buyers took the price higher.
Interestingly, data from the broader chart shows a roadmap toward potential new all-time highs. However, this roadmap does not guarantee a particular outcome, since price can change direction at any point.
Instead, the key is to watch the conditions that would confirm or weaken the structure as XRP moves through each stage.
The higher-timeframe chart currently shows a possible five-wave advance from the August low. XRP has already formed waves one and two, while wave three could now be starting. The $1.10-$1.37 support zone could provide the base for this third wave.
If buyers maintain control, XRP could first form a higher low and then a higher high, completing five waves within wave one. The market could then enter a wave two correction before beginning a larger third wave, followed by a fourth and fifth wave.
At this stage, however, the structure is early. The chart has only produced wave one of one and possibly wave two of one, so XRP still needs to build the expected five-wave advance before the larger setup becomes clearer.
$11.40 Remains the Long-Term Projection
The same structure also leads to an $11.40 projection for XRP. This level comes from the rally between the 2022 low and the January 2025 swing high, which More Crypto Online identified as a three-wave advance forming an A wave.
XRP then produced another three-wave decline that ended at the August low. If this larger structure remains valid, the next major move could form a C wave to the upside. A 100% extension, where the C wave matches the length of the A wave, places the ideal projection at $11.40.
That target remains a long way from the current $1.48 price. XRP must first work through several smaller stages, with each move providing information about whether the larger structure remains valid. The focus now stays on the support levels that must hold at each stage.
XRP Could Face Major Resistance at $1.66-$2.80
The immediate structure still favors higher prices as long as the relevant micro support levels hold. However, the rally could fail if XRP cannot produce the expected five-wave advance.
The main resistance area stretches from $1.66 to $2.80. XRP has already struggled with the first resistance level in this range. If the market produces only a three-wave rise instead of five waves, the push could end with another decline.
This is why the smaller support levels are important. A breakdown would weaken the current structure, while continued support could allow XRP to keep climbing. Another 1-2 pattern could also develop on the lower timeframe.
Levels for XRP to Hold the Short-Term Structure
The lower-timeframe chart shows how XRP reacted to the Sept. 16 low. After reaching the main support zone, XRP rallied toward the $1.65-$1.67 resistance area. The price was rejected there and then formed a three-wave decline.
In Elliott Wave analysis, a three-wave move normally represents a correction. As a result, the ongoing decline looks like a pullback following the earlier upward push, not a confirmed change in direction.
The main support area now sits between $1.10 and $1.29, and XRP continues to hold above it. From the Sept. 16 low, the price also formed another push that currently looks like wave one, while a new wave two pullback may now be developing.
That wave two has a $1.32-$1.49 micro support area. This zone carries less weight and appears less stable than the main support area, but it remains important because it could determine whether the short-term structure survives.
$1.67, $1.93 and $2.25 Are Next
If XRP holds the micro support area and turns higher, $1.67 becomes the first major resistance to watch. The cryptocurrency reached that level on Sept. 23 and also topped around the same area on Aug. 22.
The sudden declines from those highs show why XRP could face another pullback around $1.67. The current correction also resembles the three-wave decline that followed the Sept. 16 move and could be close to completion. A break above $1.67 would bring $1.93 and $2.25 into focus as the next resistance levels.