XRP Poised for Major Move as Analyst Targets $3–$4

XRP is setting up for another significant move higher following its recent pullback, according to Elliott Wave analyst XForceGlobal, who projects a rise to between $3 and $4.

Elliott Wave analysis is a technical framework that attempts to forecast price direction by identifying recurring wave patterns in market behavior, though its interpretations can vary widely between practitioners and its projections are inherently subjective.

The outlook comes after XRP fell more than 20% from its recent high. The token is currently trading near $1.44 after rebounding from lows at $1.31, and has gained 5.27% over the past 24 hours, a sign that buyers may be returning.

XRP Price Correction May Be Ending

XForceGlobal believes XRP's long decline from its all-time high could be nearing its end. According to the analyst, the drop resembles a complex correction rather than a normal five-wave decline.

In XForceGlobal's view, the move down has likely formed a WXYXZ pattern — a series of smaller corrective moves — which could mean most of the major correction is already complete.

For context, XRP dropped more than 72% from its peak of $3.66, reaching lows at $0.987. After dipping below $1, the price rebounded sharply shortly afterward.

For the current pullback, the analyst sees two possible outcomes. The first is that the decline forms a simple zigzag and ends soon. The second is that XRP continues falling in a more complex pattern, reaching lower Fibonacci levels before beginning its next major move higher.

Traders will be watching the 38.2%, 50%, 61.8%, and 78.6% Fibonacci levels as potential support areas, with corresponding prices ranging from $1.13 to $1.39. Fibonacci retracement levels, derived from the golden ratio, are widely used in technical analysis to estimate where pullbacks may find buying interest, though they serve as guideposts rather than guarantees.

From $0.98 to $1.70

The bullish outlook follows XRP's strong rally earlier in August. XForceGlobal previously suggested that XRP's nearly 70% climb from $0.987 to $1.70 could mark the start of a new upward trend.

He noted that XRP had broken above an important resistance zone, indicating the price could continue rising and potentially challenge its all-time high.

The recent drop has not altered that view. XForceGlobal instead sees the pullback as a normal part of the market cycle before XRP resumes its move higher.

If the current correction ends, XForceGlobal expects the price to begin rising again, with $3–$4 as a major target — a 2x to 3x upside from current levels. In the nearer term, the analyst expects XRP to first move toward $2, with room to go much higher if the bullish trend continues.

Fundamental Bullish Factor

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 previously reported, Binance's XRP reserves have fallen by roughly 500 million XRP, dropping from about 3.1 billion in November 2025 to 2.6 billion currently — the lowest monthly average since February 2024. The decline occurred despite XRP gaining nearly 30% recently.

One possible explanation 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 the asset. Spot XRP ETFs, which began trading in the United States in late 2025 after regulatory approval, gave institutional investors a regulated route to gain exposure to the token without holding it directly on exchanges.

Overall, falling exchange reserves may point to stronger long-term interest in XRP, potentially supporting a higher price.