$XRP price is getting ready for another big move higher after the recent drop, according to Elliott Wave analyst XForceGlobal.
The analyst believes $XRP will rise to between $3 and $4, after falling more than 20% from its recent high. $XRP is currently trading near $1.44 after rebounding from lows at $1.31. It has also risen 5.27% in the past 24 hours, suggesting buyers may be returning.
$XRP Price Correction is Ending
XForceGlobal believes $XRP’s long decline from its all-time high may be coming to an end. The analyst says the drop looks like a complex correction rather than a normal five-wave decline.
According to XForceGlobal, the move down has likely formed a WXYXZ pattern, which is a series of smaller corrective moves. This could mean that most of the major correction is already over.
For context, $XRP price dropped more than 72% from its peak of $3.66, hitting lows at $ 0.987. After reaching this under-$1 price, the price rebounded massively shortly after.
For $XRP’s current pullback, the analyst sees two possible outcomes. The first is that the drop forms a simple zigzag and ends soon. The second is that $XRP continues falling in a more complex pattern, reaching lower Fibonacci levels before starting its next major move higher.
Traders will watch the 38.2%, 50%, 61.8%, and 78.6% Fibonacci levels as possible support areas, with corresponding prices ranging from $1.13 to $1.39.
$XRP price chart by XForceGlobal
From $0.98 to $1.70
The bullish outlook comes after $XRP’s strong rally earlier in August. XForceGlobal previously said $XRP’s nearly 70% rise from $0.987 to $1.70 could be the start of a new upward trend.
He noted that $XRP had broken above an important resistance zone, which suggested the price may continue rising and possibly challenge its all-time high.
The recent drop has not changed that view. Instead, XForceGlobal sees the pullback as a normal part of the market before $XRP starts moving higher again.
If $XRP’s current correction ends, XForceGlobal expects the price to start rising again, with $3–$4 as a major target, which is a 2x to 3x upside from the current price.
Meanwhile, the analyst expects $XRP to first move toward $2, with the potential to go much higher if the bullish trend continues.
Fundamental Bullish Factor
Notably, a fundamental factor that could support $XRP’s uptrend is the ongoing decline in $XRP reserves on the largest crypto exchange.
As The Crypto Basic reported earlier, Binance’s $XRP reserves have fallen by around 500 million $XRP, dropping from about 3.1 billion in November 2025 to 2.6 billion currently.
This is the lowest monthly average since February 2024. The decline happened despite $XRP recently gaining nearly 30%.
One possible reason is that investors are moving $XRP from exchanges into private wallets for long-term holding. The launch of spot $XRP ETFs in late 2025 may have also increased demand, as ETF providers need to acquire $XRP.
Overall, falling exchange reserves may suggest stronger long-term interest in $XRP, potentially supporting a higher price.