XRP's 43% Decline May Be Nearing Its End, Next Wave Targets $43.83

XRP has been under pressure throughout 2026, down nearly 43% since the start of the year. However, chart data suggests that the current decline may be nearing its end.

EGRAG believes XRP is following an Elliott Wave structure, where the ongoing pullback represents Wave 2. If this outlook proves correct, the next impulsive Wave 3 could lead to $43.83.

The three-day XRP chart highlights a notable bullish divergence between prices and the Relative Strength Index (RSI). This suggests that sellers are beginning to lose strength despite prices remaining under pressure.