XRP Targets $6-$14 Range

What to Know:

• XRP has corrected to $1.90 after a rally, consolidating within a flat pattern indicative of a balance between buyers and sellers.
• This sideways movement is a distribution phase that often precedes strong continuation moves, suggesting underlying strength.
• The current consolidation supports projections of $6 to $14 if the bullish trend resumes, making this relevant for institutional investors tracking potential breakouts.

XRP’s recent pullback to $1.90, following a surge to $2.41, has caught the attention of market analysts. While short-term momentum appears weak, the current price action may be setting the stage for a substantial move. This behavior aligns with a long-term thesis that has been unfolding since the 2024 rally, positioning XRP within a distribution phase typically preceding significant continuation patterns.

The Significance of XRP’s Sideways Movement

According to XForceGlobal, a Korean Elliott Wave analyst, XRP is currently forming a flat pattern, a corrective structure that emerges when buyers and sellers reach a temporary equilibrium. This balance, however, often signifies underlying strength rather than weakness. The market pauses not due to waning conviction, but because the urgency to buy or sell diminishes on both sides.

Understanding Flat Patterns

Flat patterns are designed to test traders’ resolve. The absence of a strong trend in either direction gradually wears down both bulls and bears. Leveraged positions are slowly unwound, and impatience replaces confidence. This process clears out weak positioning without necessitating sharp sell-offs. Most XRP traders agree on the broader direction but disagree on the timing, leading to a calm yet uncomfortable market environment. Historically, some of the most powerful market moves have originated from these quiet, frustrating phases.

Deconstructing the XRP A-B-C Structure

XForceGlobal breaks down the flat pattern into three waves: A, B, and C. Wave A represents a controlled pullback rather than a panic-driven sell-off, taking XRP from its $3.4 high in January 2025 to $1.67 by April 2025. During this wave, traders trimmed positions, and the price gradually declined without significant urgency. Wave B then rebounded, surpassing the January high and reaching $3.66 by July 2025. This move created what analysts term an expanded or running flat. While the bounce initially appeared bullish, it lacked strong momentum, trapping traders who anticipated immediate continuation.

The Decisive Wave C

Wave C represents the resolution phase of the flat pattern. This wave becomes impulsive as one side of the market capitulates. Stops are triggered, weak hands exit, and positioning is reset. Although the broader structure remains corrective, Wave C moves with force as it releases built-up pressure. Elliott Wave theory defines impulsiveness by behavior rather than direction. XRP is currently trading within Wave C, which has driven prices from the $3.66 peak in July 2025 to the current level of $1.9.

Higher Cycle Targets Supported by Distribution

Examining higher timeframes, XForceGlobal views XRP’s year-long consolidation as a positive signal. Even if the price briefly breaks structure to reach $1.70, such a move would complete the flat pattern rather than invalidate the bullish cycle. There are two potential scenarios: a running flat, where the price resolves higher without breaking previous lows, and an expanded flat, where the price briefly dips below the structure before reversing. Both scenarios point toward higher levels once the correction concludes.

Potential Upside and Risk Management

Based on this setup, XForceGlobal projects XRP targeting at least $6 in the current cycle, with potential upside reaching as high as $14. While these targets are ambitious, they are grounded in the analysis of long-term patterns and market behavior. Prudent risk management remains essential, with personal profit-taking targets around $2.70.

In conclusion, XRP’s current consolidation phase, while seemingly bearish, may be setting the stage for a significant upward move. The flat pattern formation suggests underlying strength and a potential resolution that could drive prices toward substantial gains. For institutional investors, monitoring XRP’s behavior within this pattern and implementing appropriate risk management strategies could yield favorable outcomes as the market evolves.

Related: XRP Price Forecast: Key Levels for Jan 23

Source: Original article