A recent chart shared by crypto enthusiast Austin (@Austin_XRPL) outlines an Elliott Wave structure that projects a powerful multi-year advance for XRP. The digital asset is now in a critical
A recent chart shared by crypto enthusiast Austin (@Austin_XRPL) outlines an Elliott Wave structure that projects a powerful multi-year advance for XRP. The digital asset is now in a critical technical area, and the current setup suggests a major move is imminent.
Austin described it as “the most bullish setup in the entire crypto market.” The accompanying weekly chart presents a bullish interpretation of XRP’s price action. It shows the token completing a lengthy consolidation phase inside a falling wedge while positioning for the next stage of a larger Elliott Wave cycle.
XRP has the most bullish set up in the entire crypto market pic.twitter.com/dmWIvWy0Le
— Austin (@Austin_XRPL) June 16, 2026
The chart identifies XRP’s surge in late 2024 and early 2025 as Wave 1. This move saw XRP rise by over 500%, and it maintained higher support levels for the first half of 2025. However, it entered Wave 2 in the mid-year and has been falling since then.
During this period, XRP traded inside a falling wedge marked by converging trendlines. The pattern developed over several months, with lower highs gradually compressing price action toward the apex.
Falling wedges are bullish continuation patterns, particularly when they appear after a strong upward move. In Austin’s chart, the lower boundary of the wedge has repeatedly held as support while sellers steadily lost momentum.
XRP currently trades near the upper portion of that structure. A confirmed breakout could mark the completion of Wave II and the beginning of the next impulsive upward leg.
The most aggressive part of the forecast is Wave III. According to the chart, XRP could move from the current area near $1.22 toward roughly $12. That target aligns with the chart’s Elliott Wave count, which anticipates a powerful expansion phase following the completion of the correction.
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In Elliott Wave theory, Wave III often represents the strongest and longest portion of a bullish cycle. The projected move would carry XRP well above its previous cycle highs and establish a new long-term trend structure.
After the projected Wave III peak near $12, the chart outlines a Wave IV pullback. That correction would bring XRP back toward the $4 region before another advance begins. The final stage of the sequence appears as Wave V. Austin’s projection places that move above $100, with the chart extending toward the $100 to $110 level.
The forecast represents a complete five-wave bullish structure beginning with the late 2024 rally and extending into 2027. Now traders must track the falling wedge and XRP’s ability to break above descending resistance.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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