XRP has returned to center stage after a decisive technical breakout reshaped its short-term and macro outlook. The asset’s recent surge reflects growing bullish conviction as momentum indicators and price structure align. While enthusiasm continues to build, technical signals suggest the market may pause briefly before its next major move. According to analysis shared by crypto market analyst TARA on X, XRP has confirmed a powerful Elliott Wave 3 expansion that pushed price beyond the long-defended $2.30 macro resistance. This level previously rejected multiple advances, but the latest breakout shows clear strength and follow-through, signaling that bulls have regained control of market structure. #XRP Wave 3 just broke 2.618 extension PAST the macro $2.30 resistance with STRONG RSI! Next stop: $2.49 for the 5th wave .618 extension. Let's be prepared for a short term retrace on #XRP The RSI needs to come down a bit so that the next push shows the div. I have LTF… pic.twitter.com/iNMmnDCvLJ — TARA (@PrecisionTrade3) January 5, 2026 Wave 3 Breakout Confirms Bullish Momentum On the 4-hour chart, XRP extended Wave 3 to the 2.618 Fibonacci projection, a zone typically associated with the strongest phase of an impulse move. This development suggests that the rally has entered its acceleration stage rather than nearing exhaustion. Price acceptance above $2.30 reinforces the idea that this level has flipped from resistance into structural support. This breakout also aligns with broader trend continuation signals. XRP remains above its key macro Fibonacci levels, confirming that the prevailing bullish trend remains intact despite short-term volatility. RSI Signals Strength but Calls for a Reset While momentum remains strong, the Relative Strength Index has surged to extremely overbought levels near 88. Such readings often appear during powerful rallies, but they also increase the likelihood of a short-term retracement. TARA noted that a controlled pullback would allow RSI to cool and create healthier conditions for the next advance. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The chart highlights lower-timeframe support zones marked in green, clustered around the macro 0.236 Fibonacci level near $2.20. As long as XRP holds above this area, the impulsive Wave 1–3 structure remains valid. A successful retest could also set up bullish RSI divergence, strengthening the case for continuation. Wave 5 Target and Market Outlook If support holds and momentum resets as expected, Elliott Wave projections point to a Wave 5 extension targeting approximately $2.49, derived from the 0.618 Fibonacci level. This move would complete the current impulse sequence while keeping XRP firmly within its broader bullish trend. In summary, XRP’s breakout above $2.30 represents a meaningful technical milestone rather than a speculative spike. Although a short-term retracement appears likely, the overall structure favors continuation. Traders and investors now closely watch the $2.20 support zone as the market prepares for its next decisive move. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Wave 3 Just Broke a Strong Resistance. Analyst Predicts What’s Next appeared first on Times Tabloid .
