XRP's macro structure is showing signs of a potential bullish continuation as Elliott Wave Five develops. Improving technical conditions, stronger market participation, and resilient institutional demand reinforce the recovery narrative for the token, although further upside will depend on sustained momentum and favorable broader crypto market conditions.

At the time of writing, XRP is trading at $1.41 with a 24-hour trading volume of $1.64 billion and a market capitalization of $88.47 billion, according to CoinMarketCap. The price has remained stable over the last 24 hours.

XRP Eyes $27 as Wave 5 Rally Takes Shape

Crypto analyst EGRAG CRYPTO highlighted that XRP is drawing attention as a macro Elliott Wave analysis points toward a potential Wave 5 advance. Elliott Wave theory, developed by Ralph Nelson Elliott in the 1930s, holds that markets move in recurring impulse and corrective wave patterns, with Wave 5 traditionally representing the final leg of a bullish impulse sequence — though its predictive value is debated among analysts. The setup identifies $6.19–$8.07 as the first major target zone, where resistance and profit-taking could emerge. A sustained breakout above this area could strengthen the broader bullish structure and expose XRP to significantly higher extensions ahead.

#XRP – 3M Macro Wave 5 Target Zone 👀 : The targets start lining up clearly: ▫️ $6.19–$8.07 = first major Wave 5 zone ▫️ $11.45 = stronger Wave 5 extension ▫️ $13+ = cycle expansion zone ▫️ $17+ = upper macro target if momentum accelerates. ▫️MACRO Expansion Cycle $27+…..… pic.twitter.com/jSJC2BDfcK — EGRAG CRYPTO (@egragcrypto) September 6, 2026 https://x.com/egragcrypto/status/2096521732756537482

The analysis places $11.45 as a stronger Wave 5 extension, followed by $13+ in a potential cycle expansion phase. If momentum accelerates significantly, the XRP price could challenge $17+, while an exceptionally strong macro cycle could reach $27+.

These projections remain technical scenarios, not guarantees, and depend on sustained demand, liquidity, momentum, and broader market strength. For context, XRP's all-time high of $3.84 was set in January 2018, meaning even the first target zone would represent new record territory for the token.

Price Structure Points to Bullish Outlook

According to TradingView chart analysis, XRP experienced an extended downtrend from June to early August. The price remained under pressure below its significant moving averages before hitting a bottom of around $1.00. Weak volatility during the consolidation phase resulted in tight Bollinger Bands.

XRP gained momentum in an aggressive move above the $1.70 level at the end of August. After a fast retracement, the token is now trading with support at $1.41.

Notably, XRP is holding above all of its 20-, 50-, 100-, and 200-day EMAs, indicating that the broader situation has shifted from bearish to bullish.

Market Activity Rises With Increasing Volume

Coinglass data shows mixed momentum in XRP's derivatives market. While trading volume rose 14.81% to $2.84 billion, open interest fell 1.49% to $3.11 billion. This divergence points to a potential increase in market volatility as traders reassess the coin's prospects.

Despite bullish price predictions, improving technicals, and increasing volume, XRP is currently moving in neutral territory. This is consistent with a cautious broader crypto environment, as the BTC price has cooled down following its recent surge.

ETF Inflows Signal Strong Institutional Demand

Data from BankXRP showed that US spot XRP ETFs attracted further capital, registering net inflows of $18.96 million for the week. The figures indicate that interest in regulated XRP investment remains high despite volatile sentiment across crypto markets, and ETF purchases may prove an important source of institutional backing for the token.

The arrival of US spot XRP ETFs marks a notable shift for the asset, which spent years under a US Securities and Exchange Commission lawsuit against Ripple that was resolved in 2023 when a court ruled that XRP sales on exchanges to retail investors did not constitute securities offerings — a milestone long cited as removing a key regulatory overhang.

Assets under management in US spot XRP ETFs amount to $1.48 billion, while total net inflows equal $1.68 billion. This underscores growing institutional involvement in XRP investments through ETFs, which allow investors to gain exposure without handling the tokens themselves. Continued capital inflows into these products could bolster the institutional adoption narrative for XRP.

What Happens Next?

XRP's next move will depend on sustained buying pressure, key resistance levels, and broader crypto sentiment. A confirmed breakout could strengthen the Wave 5 thesis and bring higher targets into focus, while renewed selling may trigger consolidation. Traders will closely monitor ETF inflows, derivatives activity, trading volume, and XRP's ability to maintain its bullish technical structure.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always do your own research. Not financial advice.