XRP eyes breakout as analyst sees Wave 3 rally ahead, resistance at $1.45

XRP may be approaching a significant bullish phase after completing its Wave 2 correction, according to market analyst CryptoBullet. The analyst highlighted technical signals suggesting the cryptocurrency could soon start Wave 3, which may bring a notable price advance if confirmed by the market. Before this scenario unfolds, XRP must break through a major resistance: the 350-day moving average currently near $1.45. CryptoBullet, a market analyst known for technical charting, shared an updated view on XRP’s price action using Elliott Wave theory. This model often tracks market movements through recurring upward and corrective waves. Reviewing recent trends, CryptoBullet identified an initial jump in September as Wave 1, during which XRP rose from about $0.98 to $1.70.

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