XRP bulls are trying to turn a brutal selloff into something bigger than a relief bounce. An interesting setup shows a possible three-part impulse from the recent low around $1.05, but the entire setup still depends on whether buyers can force the price through the levels that broke during the crash. XRP’s Chart Is Trying To Build A Three-Part Impulse An interesting technical analysis of the XRP price is centered on a possible three-leg recovery structure, with the cryptocurrency’s latest low around $1.07 acting as the starting point. From there, the projected path shows an impulsive move into the $1.94 region, a pullback into the $1.46 zone, and then a much larger advance into the upper resistance band between $2.39 and $3.11. Related Reading: XRP Is Oversold On Every Time Frame, And This Could Be The Bullish Signal Everyone Is Waiting For The interesting chart, which was shared on X by RWA_Investor, shows a macro corrective sequence playing out from XRP’s highs above $3 since last year, a classic W-X-Y double zigzag that has consumed months of price history. The first leg, Wave W, completed a full ABC decline, bottoming at a major low labeled (C)/(W) on the chart in early February. A linking wave X then produced a counter-rally that pushed the XRP price above $1.50 in the middle of May with an internal structure of its own (X)-(A)-(B) sequence before rolling over. That rollover initiated the final Y leg, which has now pushed the XRP price down to the $1.12 range again at the time of writing.  The Impulse Setup Back Above $3 Now that the (C)/(Y) wave is playing out at current lows around $1.12, the setup is an anticipated change from correction to a bullish impulse wave.  Related Reading: The XRP Dream Has Changed: Why A Rally To $10 Could Happen Despite Disappointment The projected move is a three-wave ABC recovery that targets a destination box between $2.39 and $3.11. Wave A is expected to push toward the $2.12 level; however, this projection does not give XRP a free pass. There’s a support/resistance trendline around $1.46, which is going to be the first test, and there’s another possible rejection test around $2.12. Wave B would then retrace back to around $1.46, but this shakeout should not be mistaken for bearishness. Wave C, the final and strongest leg of the sequence, is going to be characterized by a move into a target zone anywhere between $2.70 and $3.10. A break above $3.10 would suggest that XRP has already found its macro bottom at $1.05. In that scenario, the three-part structure would begin to look like the beginning of a broader trend reversal into new all-time highs.  If XRP fails below the upper band and loses momentum after the projected rebound, then it could eventually revisit the $0.75 to $1 range to complete a corrective macro wave 2. Interestingly, multiple analysts have identified the $0.87 to $0.92 region as a potential bottom target for XRP under a corrective macro wave. Featured image from Freepik, chart from Tradingview.com

XRP bulls are trying to turn a brutal selloff into something bigger than a relief bounce. An interesting setup shows a possible three-part impulse from the recent low around $1.05, but the entire setup still depends on whether buyers can force the price through the levels that broke during the crash. XRP’s Chart Is Trying &#8230;

The 3-Part Impulse That Shows Where The XRP Price Is Headed Next

SpaceX&#8217;s IPO, with Shotwell&#8217;s pivotal role, highlights the growing influence of key operators in tech giants and potential regulatory scrutiny.
The post SpaceX’s Gwynne Shotwell recognized as key figure ahead of IPO appeared first on Crypto Briefing.

SpaceX&#8217;s IPO, with Shotwell&#8217;s pivotal role, highlights the growing influence of key operators in tech giants and potential regulatory scrutiny. The post SpaceX’s Gwynne Shotwell recognized as key figure ahead of IPO appeared first on Crypto Briefing.

SpaceX’s Gwynne Shotwell recognized as key figure ahead of IPO

Circle&#8217;s AI-driven payment tools could revolutionize microtransactions, positioning AI agents as pivotal players in the digital economy.
The post Circle showcases Agent Stack at AI Engineer World’s Fair in San Francisco appeared first on Crypto Briefing.

Circle&#8217;s AI-driven payment tools could revolutionize microtransactions, positioning AI agents as pivotal players in the digital economy. The post Circle showcases Agent Stack at AI Engineer World’s Fair in San Francisco appeared first on Crypto Briefing.

Circle showcases Agent Stack at AI Engineer World’s Fair in San Francisco

The Trump administration has convened roughly 20 lawmakers, congressional staff members, and law enforcement representatives at the White House as Senate leaders work toward a possible floor vote on the CLARITY Act before the August recess. According to journalist Eleanor…

The Trump administration has convened roughly 20 lawmakers, congressional staff members, and law enforcement representatives at the White House as Senate leaders work toward a possible floor vote on the CLARITY Act before the August recess. According to journalist Eleanor…

Trump team courts police groups as CLARITY Act vote nears

The event highlights the volatile interplay between geopolitical tensions and financial markets, emphasizing crypto&#8217;s role in sanctions evasion.
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The event highlights the volatile interplay between geopolitical tensions and financial markets, emphasizing crypto&#8217;s role in sanctions evasion. The post US military was poised to strike Iran before Trump called it off, sending Bitcoin surging appeared first on Crypto Briefing.

US military was poised to strike Iran before Trump called it off, sending Bitcoin surging

The program could redefine pre-IPO trading, challenging traditional markets and highlighting regulatory complexities in tokenized equities.
The post Solana Foundation launches Frontier Traders program for institutional access to SpaceX tokenized equity appeared first on Crypto Briefing.

The program could redefine pre-IPO trading, challenging traditional markets and highlighting regulatory complexities in tokenized equities. The post Solana Foundation launches Frontier Traders program for institutional access to SpaceX tokenized equity appeared first on Crypto Briefing.

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