XRP Faces Crucial Support Test Amid Bullish Long-Term Forecasts
XRP is hovering around $1.40 after being rejected from reaching $1.43 to $1.44, putting its immediate support band of $1.38 to $1.39 in focus.
According to market data, the Relative Strength Index has cooled from 64.27 to 59.38, signaling weaker buying pressure while still holding above the neutral 50 level.
XRP's derivatives have posted their strongest activity in six months, driven by a roughly 57% rebound from August lows.
Analyst EGRAG Crypto has published a detailed three-month forecast applying Elliott Wave and Fibonacci measurements to identify a long-term target zone for XRP's potential fifth macro wave.
The framework extends to $11.45, above $13, and potentially $17, though EGRAG emphasizes these are longer-term technical projections rather than near-term price objectives.