XRP Enters 'Washout Zone' with a Target of $30, Says Crypto Analyst

XRP is currently experiencing what Korean Certified Elliott Wave Analyst XForceGlobal (@XForceGlobal) identifies as a “washout” phase within a more extensive Elliott Wave corrective structure. According to him, this phase could pave the way for a significant macro advancement, with cycles potentially targeting the $20 to $30 range.

Key Takeaways

XRP is in a “washout” phase, according to analyst XForceGlobal, setting the stage for a potential price increase.
A possible target for XRP could reach between $20 and $30 as the market transitions into a new macro cycle.
Wave C may require a final drop before triggering a significant rally, driven by emotional responses rather than fundamentals.
Current price levels suggest a battleground for bulls and bears, identified as between $1.50 and $1.08–$1.09, with the potential for buying opportunities emerging after completing a five-wave structure.
A breakout from a multi-year triangle formation highlights a long-term bullish trend for XRP.

XRP price news

In a video breakdown released on February 3, XForceGlobal explained that the recent price pullback does not alter his overarching analysis. Instead, it pushes XRP deeper into what he refers to as the “alternative” macro scenario: an expanded flat correction. This can be seen as a prior rise to new highs becoming a “fake out,” followed by a final downward movement intended to liquidate late buyers.

“Nothing new here. We’ve been discussing this for quite some time, focusing on two extreme points of interest,” XForceGlobal stated. “The B Wave here creates a fake-out at the all-time high, and the current C Wave is also creating a fake-out point below the previous low, which is Wave A.”

Final Drop Anticipated Before Reaching $30

At the heart of his analysis is a calculated target for Wave C, which is derived from the pivot points of Waves A and B, specifically using the 1.618 Fibonacci extension. He emphasizes that this isn’t some mystical level but rather a behavioral marker that indicates when market corrections lead to emotional responses. In his description, Wave A represents the initial counter-trend move, Wave B symbolizes the “overconfidence phase,” and Wave C signifies the forced exit driven by stop-loss activations and liquidation pressure.

“It’s essentially a trap, a type of liquidation structure where Wave A marks the first counter-trend against the broader market trend we anticipated,” XForceGlobal explained. “Then the B Wave reflects an overconfidence phase before the C Wave acts as the reality check, causing those who bought in at the top during Wave B to exit as their stop losses trigger or they simply lose faith in XRP’s structure.”

He argued that Wave C, which is propelled by "emotion rather than balance," tends to manifest as a five-wave decline instead of a three-wave correction. This typically culminates around the 161.8% extension, as selling pressure begins to fade. The crucial point, he notes, is not about the asset becoming “cheap,” but rather that sellers run out of momentum, and signs of divergence start to emerge.

XRP price analysis

“The market does not reverse simply because the prices appear cheap,” he clarified. “It turns around because sellers become exhausted, and you’ll often begin noticing bullish divergences emerging.”

From a pricing perspective, XForceGlobal described a turbulent “free for all” zone where both bulls and bears contend for a solid base. He highlighted a range of approximately $1.50 down to $1.08–$1.09 as significant. Should the expanded flat theory hold true, this area might evolve into a buying opportunity, but only after the five-wave decline completes and a reversal pattern confirms it.

The broader market context remains vital to his thesis. XForceGlobal pointed to XRP’s breakout from a multi-year triangle formation, followed by a roughly 500% rally as proof of a clear five-wave advance. This was further followed by corrective patterns that align with an expanded flat setup: non-impulsive pullbacks, a B-wave push to an extreme, and then a new downside extreme below previous market structures.

$XRP One of the most crucial #XRP videos available! A thorough 10-minute breakdown covering targets and invalidation levels. More importantly, I discuss how to manage expectations amidst chaos using the macro structure, emphasizing why the overall trend continues to be bullish. pic.twitter.com/E2g9ga52N9 — XForceGlobal (@XForceGlobal) February 3, 2026

If XRP successfully completes its corrective leg and shifts into what he envisages as a new impulsive cycle, featuring the classic sequence of wave three, four, and five, his outlook reveals higher targets over time. “We’re in the process of forming a Wave Three, followed by a Wave Four, and then a pending Wave Five that could potentially take us to the $20 to $25, or even $30 range in later stages,” he predicted.

Additionally, he pointed out $6 as a critical level where he anticipates profit-taking and a reassessment, framing this as part of a comprehensive risk management strategy rather than a single forecast.

At the time of writing, XRP was trading at $1.5887.

XRP price chart