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TL;DR<\/strong><\/p>\n XRP is showing early signs that its recent price correction may be ending. Crypto market analyst EGRAG CRYPTO has shared an Elliott Wave-based review suggesting the asset could be preparing for its next move.<\/p>\n The analysis shows what looks like a flat correction. In this setup, three waves are visible: A, B, and C. EGRAG noted that \u201cWave B didn\u2019t quite reach Wave A,\u201d but added that this can happen in some market conditions. The main focus is whether this pattern marks the end of the broader correction.<\/p>\n #XRP<\/a> \u2013 The Throwback Phase Is Finished If\u2026 (Update):<\/p>\n Let me Zoom In to illustrate to illustrate the Elliot Wave Flat Corrective Structure.<\/p>\n Zooming In: (1\/5) \u2014 EGRAG CRYPTO (@egragcrypto) September 16, 2025<\/a><\/p>\n<\/blockquote>\n This wave pattern might be the second or fourth wave in a larger market cycle. While the exact placement isn\u2019t confirmed, the structure suggests that XRP may now be past the throwback phase.<\/p>\n A simplified chart shared by EGRAG shows an ABC pattern, which is commonly seen during market pullbacks. Alongside this, a WXY pattern is also present. This type of structure is often used to describe more complex market behavior when prices pause before resuming a trend.<\/p>\n The combination of ABC and WXY patterns points to a possible conclusion of the correction<\/a>. EGRAG also stated that when the B wave in an ABC structure shows strong upward movement, it can mean the market is getting ready to move higher again.<\/p>\n A separate wave count was also shared, showing five smaller waves forming after the correction. In Elliott Wave Theory, this is a sign that the market may be starting a new upward phase.<\/p>\n The five-wave count is being viewed as a sign that XRP is either starting Wave 3 or Wave 5 in a longer cycle.<\/p>\n \u201cThe strength of the 5-wave pattern\u2026 reinforces the notion that the corrective phase has ended,\u201d EGRAG posted.<\/p>\n<\/blockquote>\n The placement depends on whether the last correction was Wave 2 or Wave 4. If it were Wave 2, XRP could now be entering Wave 3, which tends to show stronger price action<\/a>.<\/p>\n XRP was trading at $3.03 at the time of writing, with a 24-hour volume of $5.1 billion. The price is up 2% in the past 24 hours and has slight gains over the past week.<\/p>\n Meanwhile, the REX-Osprey XRP ETF (ticker: XRPR) is expected<\/a> to launch this week after earlier delays.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
XRP May Have Completed Its Correction<\/h3>\n
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I want to take you through a step-by-step breakdown of how I\u2019m constructing this corrective wave. It could be\u2026 https:\/\/t.co\/msT6UEOOHW<\/a> pic.twitter.com\/HWWA5Rq03z<\/a><\/p>\nChart Patterns Support a Shift in Trend<\/h2>\n
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XRP Price and ETF Update<\/h2>\n
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