Detailed Elliott Wave analysis for XRP/USD on the 4H chart. Exploring the diagonal finish of Wave 4 and the projected Wave 5 targets at $1.256, $1.182, and $1.085.
As we navigate through April 2026, XRP has reached a pivotal technical junction. After a period of corrective consolidation, the price action has signaled a major shift. By utilizing Elliott Wave Theory (EWT), we can identify that the "Ending Diagonal" structure of Wave 4 has paved the way for a powerful final impulsive leg—Wave 5.
The Impulse Structure: Wave (iii) and Beyond The current market structure indicates that the sub-wave 2 of the final 5th wave is behind us. We are now witnessing the acceleration phase of wave 3 (iii). This phase is typically characterized by the highest volume and strongest momentum.
Key Fibonacci Projections:
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Immediate Support (1.618 Fib): The first major milestone for the current move sits at $1.256.
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Deep Extension (2.618 Fib): If momentum persists, the next stop is the $1.182 level.
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The Final Destination: After a projected minor wave (iv) relief bounce, we expect the cycle to complete at the $1.085 (0.786 Fib) zone.
Strategic Conclusion: The "Ending Diagonal" seen in Wave 4 was the final warning for bulls. The subsequent breakdown confirms that the path of least resistance is now down. Reaching the $1.085 area would not only complete the immediate 5-wave sequence but also finalize a larger-scale "C" wave correction, potentially setting the stage for a long-term accumulation phase.
Technical Levels to Watch:
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Invalidation: A sustained break above $1.37.
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Confirmation: Continued rejection at recent minor peaks.
Disclaimer: This content is provided for informational purposes only and does not constitute investment advice.