XRP has entered what Korean Certified Elliott Wave Analyst XForceGlobal (@XForceGlobal) calls a “bath” phase within the broader Elliott Wave correction structure, an area he says could set the stage for a major renewed, cycle-oriented rally aimed at reaching the $20–$30 region.
In the video editing of Feb. 3, XForceGlobal said the latest pullback doesn’t change its main frame, but instead pushes XRP deeper into what it described as “another” major scenario: an extended flat correction where the previous push to new highs becomes “false” before the final lower leg tries to chase away buyers of late.
“There is nothing new here, we have been talking about this for a long time when we have 2 major interests,” he said. “The IB Wave here creates an illusion zone all the time, and then it’s the C Wave that we’re currently in and that creates an illusion zone under the market structure of this past decline here, that’s Wave A.”
XRP May Need Final Dump Before $30
The core of his argument rests on the measured targets of Wave C obtained from the pivot points of Waves A and B, specifically the Fibonacci extension of 1.618, which he placed below as an ambiguous level and above as a behavioral marker when corrections turn into sentiment. In his telling, Wave A is the first contradictory step, Wave B is the “phase of overconfidence,” and Wave C becomes a forced exit: loss of cessation, broken conviction, and pressure to finish.
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“In fact, it is a trap and a type of closing structure where Wave A is the first resistance of the larger trend that we expected,” XForceGlobal said. “Then the B Wave is an overconfidence phase and the C Wave becomes the real check where everyone who bought the B Wave high is now wrong and coming out of the low because of their stop loss or they just lose confidence in the whole XRP structure.”
He asserted that because Wave C is driven by “emotion and not moderation,” it tends to resolve as a five-wave decline instead of a three-wave correction, which often cuts the 161.8% extension as selling pressure exhausts. The key, he said, is not that goods become “cheaper,” but that retailers run out of ammunition and divisions begin to emerge.
“The markets will not go back there because the prices are really cheap,” he said. “It’s backsliding because the sellers are tired at those levels and you’re usually going to see the sellers really tired. You’re going to start to see some separation happening.”
In terms of levels, XForceGlobal described a dynamic “free-for-all” zone where bulls and bears are fighting for a base, pointing to a range it labeled between $1.50 down to $1.08–$1.09. He suggested that, if the extended flat thesis holds, that area could turn into a buy zone, but only after the five-wave decline is complete and the reverse sequence provides confirmation.
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Macro context remains central to his belief. XForceGlobal pointed to XRP’s breakout of the previous multi-year triangle and rally around 500% as evidence of a five-wave advance, followed by corrective structures associated with an extended flat setup: a non-impulsive pullback, a B-wave push to the extreme, and then an extreme decline below the previous market structure.
One of the most important things #XRP videos so far!
A complete 10-minute breakdown of target coverage and inactivity levels. More importantly, I cover how to properly manage expectations in the midst of chaos using a large structure, and why the general trend remains bullish. pic.twitter.com/E2g9ga52N9
– XForceGlobal (@XForceGlobal) February 3, 2026
If XRP completes the correction leg and transitions to what is not independent as a new fast cycle, with the usual three waves, the fourth wave, the sequence of five waves, his road opens up to higher targets in time. “We’ve got a third wave under construction, a fourth wave, and then a fifth wave that’s waiting to get us to that $20 to $25, $30 area that we’re looking for later,” he said.
He also flagged $6 as a major level where he expects profit-taking and retesting, positioning it as part of a broader risk management approach rather than a one-shot price call.
At press time, XRP traded at $1.5887.
The featured image was created with DALL.E, a chart from TradingView.com
