After the final shakeout, XRP is eyeing $15
XForceGlobal characterized the current market structure as a corrective phase within a bullish trend, suggesting it's establishing a new support level rather than a downturn. He pointed out the standoff between buyers and sellers, which is creating a new price floor. He stressed the sideways nature of the market: "They're not meant to go anywhere, really. Marketplaces always go through expansions and contractions."
The expert noted that prolonged consolidation wears down both sides, "psychologically eliminating even the leverage traders over time, not just in terms of price." He believes most traders are emotionally spent by the time the flat period resolves, which is imminent.
Positioning has largely been smoothed out, and the way forward is now unmistakable.
XForceGlobal pinpointed the flat as a three-part A-B-C Elliott Wave pattern. Waves A and B played out as corrective "three-wave" moves, while wave C represented impulsive "five-wave" advances. He noted that the market has ceased its drift, now demanding a resolution in this final phase.
"Wave C needs to be impulsive because it settles the score for waves A and B," he explained. "It's not a continuation of a larger downward move." He linked impulsiveness to a sense of urgency and follow-through when one side "concedes defeat," thus clearing the range established by earlier legs.
That distinction is key for positioning, given his base case
anticipates one more major downturn before a rally. In a "expanded flat" scenario, where wave B exceeds the prior high, he anticipates a local structural break "once" before the market shifts upward. He observed that $1.70 could be breached without invalidating the setup, provided broader support holds.
His upside targets, linked to the duration of consolidation, were higher levels "in this current cycle." "The longer we distribute here, the higher the targets are going to be," he stated, adding that his personal goal is $15 .
