XRP Wave Count: Key Levels to Watch for Next Rally or Reversal

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<a href="https://pricpr.com/xrp-usd/">XRP</a> Wave Count Remains Valid: Here Are The Levels To Watch Out For

XRP has been trading above $1.40 recently, and buyers are attempting to regain upward momentum after a slight dip from its peak on May 10th. While the price hasn’t fallen significantly, it hasn’t shown a clear signal of continued growth either. This puts the short-term trading chart in a crucial spot, but the overall technical analysis still appears valid.

Whether XRP continues its current upward trend now hinges on a few important price points. Specifically, it needs to stay above $1.40 and avoid falling below the recent low of $1.38.

XRP Pullback From May 10 Still Looks Corrective

A crypto analyst recently shared a technical analysis of XRP on X (formerly Twitter), suggesting its price drop since May 10th isn’t just random fluctuation. The analysis points to a three-part pattern – labeled ABC – in the decline. This pattern isn’t the typical five-part move that usually signals a major trend change. Based on Elliott Wave theory, these three-part declines are often just temporary corrections, particularly when they happen within a broader trading range and don’t fall below previous lows.

Right now, the crucial price level to watch for XRP is around $1.38. This price is currently supporting the predicted upward trend, and has also acted as a strong support level for the past month, forming the foundation for our short-term expectations. If the price stays above $1.38, the positive trend is likely to continue. However, if it falls below this level, it suggests the price may not continue to rise.

Price Levels To Watch Out For

The key price to watch is $1.38. It’s a low point that’s currently supporting the expected pattern. If the price goes above that, the next area to watch for support is between $1.40 and $1.42, based on Fibonacci levels. This range could offer some support, but it’s not very strong, as these levels are sometimes broken before the price stabilizes.

As of today, XRP is currently trading at $1.47. I’m watching the $1.51 level closely as a key resistance point. XRP struggled to stay above that price after reaching a high on May 10th. If we see a daily close *above* $1.51, it would suggest that the recent price dip is over and that XRP is starting to climb again.

Following the $1.51 level, traders are looking at potential price increases to around $1.59 and $1.67. Beyond that, the price could rise further to between $1.75 and $1.76. These forecasts are based on an analysis of XRP’s price movements using Elliott Wave theory.

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2026-05-15 12:58