XRP Eyes Double Digits: Wave 4 Complete?

XRP has reached a critical technical milestone that could signal the start of a major rally. The digital asset hit the 38.2% Fibonacci retracement level, a zone technical traders identify as the typical target for fourth-wave corrections in Elliott Wave theory.

According to Morecryptoonl on X, the price action has now completed its pullback to this key level. The post questions whether investors remain bullish despite the recent correction from higher levels.

$XRP The price has now reached the 38.2% retracement level, which is typically an ideal target for a fourth wave. Are you bullish? - Morecryptoonl

TD Sequential Signals Fresh Momentum

Technical indicators are flashing buy signals across multiple timeframes. Alicharts noted on X that the TD Sequential indicator has triggered a buy signal, coinciding with XRP bouncing from support levels.

TD buy signal playing out as $XRP bounces once more. - Alicharts

The TD Sequential is a trend-exhaustion indicator that identifies potential reversal points. When it flashes a buy signal after a pullback, traders often interpret it as confirmation that downward momentum has exhausted itself.

Must Read: XRP Retests Fateful Line: $16.5 Moonshot Incoming?

The combination of Fibonacci support and TD buy signals creates a technical setup that historically precedes significant rallies. Wave theory suggests that after completing a fourth wave correction, assets typically enter a fifth wave that often exceeds previous highs.

Vertical Accumulation Points to Double-Digit Target

Chart analyst ChartNerdTA shared a bullish outlook on X, highlighting vertical accumulation patterns that suggest strong institutional positioning.

⛳️ $XRP: The recent rally on vertical accumulation support has signified a very strong likelihood of pushing into double digits. Hold the line, then vertical accumulation resistance awaits above. It's go time. - ChartNerdTA

Vertical accumulation occurs when large buyers absorb selling pressure without the price declining significantly. This pattern typically appears before major breakouts because it indicates that strong hands are building positions rather than selling into weakness.

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The analyst's reference to "vertical accumulation resistance awaits above" suggests that once XRP breaks through current resistance zones, it will encounter similar accumulation patterns at higher price levels. This could create a ladder effect where each breakthrough leads to the next zone of strong buying interest.

The double-digit price target represents a significant move from current levels. If the technical setup plays out as outlined, XRP would need to clear multiple resistance zones built during its previous rally attempts.

Trading volume patterns will be critical to watch. Breakouts from fourth-wave corrections typically require increasing volume to confirm that institutional buyers are stepping in. Without this volume confirmation, any rally attempt could stall at previous resistance levels.

The convergence of multiple technical indicators at this juncture creates what traders call a "confluence zone"—a price level where several different analysis methods point to the same conclusion. These zones often mark turning points in market trends.

Further Reading: XRP's Quiet Comeback: Why Whales Are Holding While Retail Panics

3 Key Takeaways:

XRP reached the 38.2% Fibonacci retracement, a typical Wave 4 target signaling potential rally completion
TD Sequential buy signals confirm momentum shift as the asset bounces from key support levels
Vertical accumulation patterns suggest institutional positioning for a potential push into double digits

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XRP's Hidden Rally: Double Digits Incoming?

TD Sequential Signals Fresh Momentum

Vertical Accumulation Points to Double-Digit Target

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