XRP's Next Move: Another Decline Before a Potential Run to $2.25
XRP's recent price action has been analyzed using an Elliott Wave framework, suggesting that another decline may be imminent before the token can continue its upward momentum.
The analysis indicates that XRP's August rally may not yet be over, with a possible correction still underway. In August 2026, XRP surged 28.5% to nearly $1.70 from around $1.00, drawing massive institutional interest.
The Elliott Wave count treats this rise as Wave 1, which typically leads to a Wave 2 correction that gives back part of the earlier gains. XRP's September decline fits a possible Wave 2 pattern, with the price now near $1.38.
The analysis suggests that XRP could first recover toward the $1.53-$1.62 area before falling again and completing Wave 2. If this scenario plays out, the token may experience another short-term rebound before making a final move lower instead of immediately starting a sustained rally.