XRP Enters Elliott Wave 5... Short-Term Target Set

Analysis indicates XRP has entered the final fifth wave of the Elliott Wave structure that began on June 26 after a decline to $1.012. The short-term target is $1.23062, with potential for further gains up to $1.40. The current wave progression shows a strong rally from $1.02 to $1.18 (15.7% rise) in Wave 3, followed by a consolidation phase ending at $1.06. Wave 5 is now underway, with the first subwave reaching $1.13 and a subsequent pullback to $1.09, near key support at $1.09957. While bullish, the structure could also signal a further decline.