XRP is facing ongoing bearish pressure, influenced by a broader downturn in the cryptocurrency market. Despite this, recent chart analyses indicate that higher price targets may be on the horizon for this digital asset. After reaching a peak of $2.41, XRP has retraced to approximately $1.90. Although short-term momentum appears weak, market data hints at a potential setup for a significant price movement.
As observed, XRP is currently in a distribution phase, a period that often precedes strong continuation moves, particularly when the price remains stable for an extended time. A recent analysis from XForceGlobal, a Korean Elliott Wave expert, suggests that XRP is forming a flat pattern, a corrective structure that typically emerges when buyers and sellers achieve a temporary balance. Importantly, this balance often signals underlying strength rather than weakness.
The analyst pointed out that the current sideways movement in XRP does not stem from a lack of conviction but rather reflects a fading urgency on both sides of the market. According to the analysis, XRP has already completed a clear five-wave advance earlier in its cycle, confirming bullish intent. Rather than entering another rally immediately, the market has transitioned into a compression phase to absorb the gains and establish a new support level.
Flat patterns, as described in the analysis, are known to psychologically challenge traders. During these phases, the price does not trend strongly in either direction, leading to gradual unwinding of leveraged positions and a shift from confidence to impatience among traders. This environment allows for the cleansing of weak positions without triggering sharp sell-offs.
XForceGlobal has divided the flat pattern into three waves: A, B, and C. Wave A represented a controlled pullback, moving XRP from its January 2025 high of $3.4 down to $1.67 by April 2025. In this phase, traders trimmed their positions as the price drifted lower without urgency. Wave B then rebounded, surpassing the January high and reaching $3.66 by July 2025, creating an expanded or running flat. Although this bounce appeared bullish at first glance, it lacked significant momentum, trapping traders who anticipated immediate continuation.
Wave C, described as the resolution phase of the flat, is especially crucial. This wave tends to be impulsive as one side of the market capitulates, triggering stop-loss orders and prompting weak hands to exit. While the overall structure remains corrective, Wave C typically releases built-up pressure, moving with force. Currently, XRP is navigating through Wave C, with prices having dropped from the July 2025 peak of $3.66 to the current level of $1.90.
Analyzing higher timeframes, XForceGlobal interprets XRP“s year-long consolidation as a positive indicator of strength. Even if the price dips briefly below $1.70, such a move would merely complete the flat formation without invalidating the bullish cycle. The analyst proposed two potential scenarios: In a running flat, the price will resolve higher without breaching previous lows. Conversely, in an expanded flat, the price may temporarily dip below the structure before reversing. Both scenarios point toward higher price levels once the correction concludes.
Taking these analyses into account, XForceGlobal estimates that XRP could target at least $6 in the current cycle, with the possibility of extending to as high as $14. He emphasized the importance of risk management, noting a personal profit-taking target around $2.70.
