Crypto
XRP Price Pullback May Precede Larger Wave 3 Advance Towards $3.10
XRP has pulled back from its recent high of $1.69 after a strong August rally, with the token currently trading near $1.38.
Despite the cooling price action, continued demand for XRP from US spot ETFs and a largely constructive moving-average structure have kept the broader bullish setup in focus.
A 4-hour Elliott Wave analysis by TradingView contributor Kap_Waves suggests that XRP may undergo another pullback before potentially entering a larger Wave 3 advance.
The projected corrective area sits around $1.15-$1.25, while the analysis places potential Wave 3 targets at $2.90 and $3.10.
XRP has been experiencing fresh institutional demand, with US spot XRP ETFs recording approximately $153.55 million in net inflows during August.