{"id":91840,"date":"2025-08-27T20:00:02","date_gmt":"2025-08-27T20:00:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91840"},"modified":"2025-08-27T20:00:02","modified_gmt":"2025-08-27T20:00:02","slug":"xrp-holds-golden-retrace-at-2-90-wave-3-breakout-to-5-4-in-sight","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91840","title":{"rendered":"XRP Holds Golden Retrace At $2.90: Wave 3 Breakout To $5.4 In Sight"},"content":{"rendered":"

XRP has been holding steady in recent days, even as Bitcoin dropped to $110,500<\/a> and has struggled to reclaim $112,700 in the past 24 hours. Unlike Bitcoin, XRP has avoided printing a new low<\/a> and instead bounced around $2.90 to $2.91.\u00a0<\/p>\n

According to crypto analyst Captain Redbeard, XRP\u2019s price action is now breaking out of a massive multi-year triangle pattern, and it could be gearing up for another parabolic leg.<\/p>\n

XRP Breaks Out Of Multi-Year Triangle<\/h2>\n

According to Captain Redbeard\u2019s analysis, which was first posted on<\/a> the social media platform X, XRP has completed a breakout from a triangle formation. This breakout is very notable, considering it\u2019s a move above a multi-year consolidation structure that has been developing since the last bull cycle.\u00a0<\/p>\n

As noted by Redbeard, \u201chistory doesn\u2019t repeat, but it sure does rhyme.\u201d Speaking of history, this exact setup appeared during 2017 before XRP surged to its previous all-time high of $3.4 in 2018. The breakout from such a long-term compression is particularly significant because it suggests that years of sideways movement have now built up enough energy for a strong directional move.<\/p>\n

The 2-week candlestick price chart he shared shows XRP\u2019s breakout of the triangle in early 2025. However, XRP\u2019s price action in the past few months has seen the crypto consolidating with a parallel channel just above the 1.0 Fib extension level, just like it did in the middle of 2017 after a similar breakout.\u00a0<\/p>\n

However, the consolidation pattern is now coming to a close,<\/a> and if history repeats itself, XRP could be on track for a similar breakout. In terms of a price target, the analyst\u2019s chart projected a run to as high as $27.<\/p>\n

Golden Retrace Support At $2.90<\/h2>\n

Captain Redbeard\u2019s analysis captures the macro breakout, and the price target could take years to manifest. However, a shorter analysis of the 4-hour candlestick timeframe shows that XRP must hold firm above $2.90.<\/a>\u00a0<\/p>\n

This context is based on an analysis by<\/a> crypto analyst CasiTrades. Unlike Bitcoin, which recently dropped to $110,000 and is struggling to reclaim a 0.236 fib retrace at $112,700, XRP has shown greater resilience. The token has held firm around $2.90 to $2.91, which corresponds to the golden retracement level at 0.618 Fibonacci. In Elliott Wave theory, this is the area where a corrective Wave 2 typically finds support before a much stronger upward Wave 3 begins.<\/p>\n

CasiTrades identified $3.12 as the immediate confirmation point to watch. A clean break above this level would validate the bullish structure and set XRP on course for higher Fibonacci extensions. The projections highlight $4.48 as the next significant resistance zone and $5.40 as the ultimate Wave 3 price target.<\/p>\n

At the time of writing, XRP is trading at $3.02, up by 3.4% in the past 24 hours.<\/p>","protected":false},"excerpt":{"rendered":"

XRP has been holding steady in recent days, even as Bitcoin dropped to $110,500 and has struggled to reclaim $112,700 in the past 24 hours. Unlike Bitcoin, XRP has avoided printing a new low and instead bounced around $2.90 to $2.91.\u00a0 According to crypto analyst Captain Redbeard, XRP\u2019s price action is now breaking out of […]<\/p>\n","protected":false},"author":0,"featured_media":91841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91840"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91840"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91841"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}