Certified Elliott Wave analyst XForceGlobal (@XForceGlobal) told followers on X that “$5+ remains on the horizon,” arguing that the token’s past year of range-bound trading is validating an Elliott Wave “flat” correction that typically resolves with a sharp, final move before a continuation higher.
XRP Traders ‘Exhausted’ As Breakout NearsXForceGlobal positioned the structure as a corrective phase within a larger bullish sequence, describing the market as forming a new floor rather than breaking down. “This is where the buyers and sellers enter a Mexican standoff with each other, creating a new price floor,” he said, adding that the sideways feel is the point: “They’re not designed to go anywhere, basically. And the markets naturally alternate between expansion and compression.”
The analyst emphasized the psychological aspect of prolonged consolidation, arguing that flats tend to “eliminate even the leverage traders through time rather than price” by exhausting both sides. “By the time the flat actually resolves, which is very close, in my opinion, most traders are emotionally already exhausted,” he said. “Positioning has been pretty much neutralized, and the path for continuation, to me, becomes very clear.”
In Elliott Wave terms, XForceGlobal described the flat as a three-part A-B-C structure, with waves A and B unfolding as corrective “three-wave” moves and wave C completing as an impulsive “five-wave” move. He argued that this final phase is the moment the market stops drifting and forces a resolution.
“Wave C must be impulsive because it represents the resolution of the balance that we have for waves A and B,” he said. “It’s not the continuation of a larger structure to the downside.” He framed impulsiveness as behavioral rather than directional, attributing it to urgency and follow-through once one side “decisively gives up,” clearing out the range that built during the earlier legs.
That distinction matters for positioning, because his base case anticipates one more decisive shakeout before a move higher. He said the market is currently in an “expanded flat” configuration where wave B pushed above the prior high, and he expects a break of local structure “once” before the market turns up. He highlighted $1.70 as a prior low that could be undercut as part of the process without invalidating the larger setup, so long as broader support holds.
XForceGlobal’s post leaned heavily on conviction built over time—“I didn’t spend 2,000+ days accumulating XRP for no reason!”—while also stressing that he has already taken some profit. In the transcript, he said he “personally took some profits around the $2.70 level” and would continue to “sell into strength.”
For XRP traders, the practical takeaway from his framework is timing and path, not direction: a final, forceful leg lower could still be consistent with a bullish continuation thesis while a deeper structural breakdown would challenge it.
At press time, XRP traded at $1.91.
