In that earlier period, price action unfolded through a well-defined five-wave sequence, characterized by alternating phases of decline and recovery. Waves one, three, and five each pushed the price lower with corrective pressure, while waves two and four produced temporary rebounds that relieved selling pressure but failed to establish a lasting trend reversal.
The final stage of that sequence was particularly important. During the fifth wave, XRP’s decline slowed and compressed into a falling wedge formation. XRP’s price slipped below the $0.005 level and eventually stabilized around $0.00485, where downside follow-through became increasingly limited.
From here, the downside pressure gradually weakened, volatility contracted, and selling momentum faded. When XRP finally broke out of that compression, it quickly reclaimed the $0.008 zone and broke through $0.02, resulting in the start of a rally that ultimately delivered gains well in excess of 1,000%.
According to Steph’s analysis, XRP’s recent price action is following a remarkably similar rhythm. After topping out around $3.40 in mid-2025, the cryptocurrency entered a corrective phase that pushed the price steadily lower to create a falling wedge structure.
XRP Price Action In FocusAfter that, the $3.10 price level and the previous 2018 high at $3.40 are the major resistances that would need to be reclaimed. On the downside, sustained weakness below $1.90, and especially a move back toward $1.74, would challenge the idea that the corrective phase has fully played out.
