XRP price is getting ready for another big move higher after the recent drop, according to Elliott Wave analyst XForceGlobal.
The analyst believes XRP will rise to between $3 and $4, after falling more than 20% from its recent high. XRP is currently trading near $1.44 after rebounding from lows at $1.31. It has also risen 5.27% in the past 24 hours, suggesting buyers may be returning.
XRP Price Correction is Ending
XForceGlobal believes XRP’s long decline from its all-time high may be coming to an end. The analyst says the drop looks like a complex correction rather than a normal five-wave decline.
According to XForceGlobal, the move down has likely formed a WXYXZ pattern, which is a series of smaller corrective moves. This could mean that most of the major correction is already over.
For context, XRP price dropped more than 72% from its peak of $3.66, hitting lows at $ 0.987. After reaching this under-$1 price, the price rebounded massively shortly after.
For XRP’s current pullback, the analyst sees two possible outcomes. The first is that the drop forms a simple zigzag and ends soon. The second is that XRP continues falling in a more complex pattern, reaching lower Fibonacci levels before starting its next major move higher.
Traders will watch the 38.2%, 50%, 61.8%, and 78.6% Fibonacci levels as possible support areas, with corresponding prices ranging from $1.13 to $1.39.
From $0.98 to $1.70
The bullish outlook comes after XRP’s strong rally earlier in August. XForceGlobal previously said XRP’s nearly 70% rise from $0.987 to $1.70 could be the start of a new upward trend.
He noted that XRP had broken above an important resistance zone, which suggested the price may continue rising and possibly challenge its all-time high.
The recent drop has not changed that view. Instead, XForceGlobal sees the pullback as a normal part of the market before XRP starts moving higher again.
If XRP’s current correction ends, XForceGlobal expects the price to start rising again, with $3–$4 as a major target, which is a 2x to 3x upside from the current price.
Meanwhile, the analyst expects XRP to first move toward $2, with the potential to go much higher if the bullish trend continues.
Fundamental Bullish Factor
Notably, a fundamental factor that could support XRP’s uptrend is the ongoing decline in XRP reserves on the largest crypto exchange.
As The Crypto Basic reported earlier, Binance’s XRP reserves have fallen by around 500 million XRP, dropping from about 3.1 billion in November 2025 to 2.6 billion currently.
This is the lowest monthly average since February 2024. The decline happened despite XRP recently gaining nearly 30%.
One possible reason is that investors are moving XRP from exchanges into private wallets for long-term holding. The launch of spot XRP ETFs in late 2025 may have also increased demand, as ETF providers need to acquire XRP.
Overall, falling exchange reserves may suggest stronger long-term interest in XRP, potentially supporting a higher price.