XRP Price Could Resume Journey to New All-Time High if This Key Level Holds

XRP price pulled back after a recent move toward $1.60, yet the bigger structure still points to a larger trend that has not broken. Price now trades near $1.46, and that places it inside a zone that could decide whether the next leg higher begins or stalls again.

Crypto analysis platform TheCryptoBasic shared an updated view of the XRP chart, and analyst Hov outlined what stands out. He explained that XRP remains within a broader Elliott Wave structure that has been unfolding over several years. The current phase appears to be wave 4, which often acts as a consolidation before the final expansion wave begins.

A closer look at the chart reveals a clear multi phase pattern that stretches from earlier cycles into the present market. XRP moved through an initial impulse, followed by a deep correction, and then entered a new expansion phase that pushed price above $1.

That movement fits into a classic Elliott Wave structure. Hov said the current price action aligns with wave 4, which usually forms a sideways or corrective range before the final wave begins. The chart shows XRP moving within a defined box, which suggests that the market is stabilizing after the earlier rally.

Projected paths on the chart point toward wave 5 as the next move. That phase could carry XRP price toward a new all time high near $8 if the structure completes as expected. This projection represents a move of more than 400% from current levels.

Key XRP Price Level Around $1.8 Could Decide Momentum Shift

The area around $1.8 stands out as a major level on the chart. Price has struggled to move decisively into that region, and it now acts as a barrier that must be cleared before any continuation higher.

Hov explained that a sustained move into that zone would confirm that buyers have regained control. Price would then have a clearer path toward higher resistance levels, which align with the projected wave 5 targets.

Current price action shows XRP holding above a strong support range below $1.5. That support has been tested during the recent pullback, and it continues to hold for now. Each successful test keeps the broader structure intact and supports the idea of continuation.

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Another detail on the chart shows how previous resistance areas can turn into support once broken. The $1.8 region sits at the center of this transition. A move above it followed by stability would strengthen the long term outlook.

Failure to hold above key support levels would weaken the current structure and delay the expected move higher. That scenario would push XRP back into a longer consolidation phase, which has been a recurring pattern in past cycles.

Hov pointed out that the broader structure still favors continuation as long as key zones remain intact. The chart suggests that XRP price remains in a transitional phase where both outcomes remain possible.

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