XRP Price Retracement Analysis: Elliott Wave Structure at Critical Support

ZKProofster · 2026-02-09T04:16:57+00:00

XRP is at $1.45, navigating a crucial Elliott Wave structure. Holding in a key retracement zone, the bullish outlook suggests a target of $4.50 or higher if support remains intact. A breakdown risks deeper corrections.

ZKProofster

2026-02-09 04:16:57

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XRP is currently trading at $1.45 and appears to be in a crucial phase of its Elliott Wave structure. The retracement patterns forming at this level are holding within a textbook support zone that could determine the coin’s near-term direction. Since the 2022 low, XRP has been developing what technical analysts call a macro impulse wave, and we’re now examining where that structure stands today.

Understanding the Wave (4) Retracement Zone

The current price action reflects what’s known as Wave (4) in Elliott Wave Principle—a corrective phase that typically retraces previous gains before the market resumes its primary trend. The retracement is currently holding between the 0.5 level (half-wave breakout) and 0.618 (golden zone), two standard Fibonacci retracement points that frequently act as support in fourth-wave corrections. This zone is displaying the overlapping, corrective structure textbook Wave (4) corrections should exhibit, making the technical setup consistent with bullish expectations. As long as price maintains support above this retracement area, analysts remain confident that Wave (5)—the final impulse leg of this cycle—will develop next.

Fibonacci Levels and Upside Targets

If the support zone holds firm, the bullish scenario projects XRP could advance toward the 0.236 macro retracement level, targeting approximately $4.50. This represents a significant extension from current levels, though momentum-driven scenarios could push the retracement analysis further to potential resistance around $6.0. However, these projections depend entirely on the current support zone remaining intact.

Risk Management and Breakdown Scenarios

The critical make-or-break level sits directly below the current retracement support zone. If XRP decisively breaks below this level, the entire Elliott Wave count becomes invalidated, suggesting Wave (4) is extending into a deeper, more prolonged correction. In such a scenario, sellers could target the $0.35–$0.30 region before any stabilization occurs. This support-or-breakdown dynamic represents the key decision point for traders following the XRP technical structure—holding above the retracement zone favors the bullish impulse continuation, while losing this support opens exposure to substantially lower prices.

XRP1,18%

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