XRP Price Targets: Elliott Wave Analysis and Key Levels

The XRP price has surged over 3% to reach $2.06 as of writing. Recent strength comes after holding a crucial Fibonacci support zone between $1.89 and $1.99, signaling short-term positivity. This momentum now carries the price towards a resistance area between $2.15 and $2.17. Analysts suggest this upward movement could be part of a corrective ABC structure with a potential five-wave pattern for the C-wave. If this holds, XRP may reach a significant level exceeding the 100% Fibonacci extension, aligning with historical swing highs and the 61.8% retracement from previous moves.