XRP (XRP) elliott wave

07/28/2026

XRP Elliott Wave: $1.07 Is the Line That Decides Everything

XRP's Bounce Hits a Wall — And the Invalidation Held

XRP just dropped roughly 7.6% in a week, sliding from the $1.13 area down to a low near $1.04, before bouncing to trade around $1.06-$1.07 as of the latest session. The pullback wasn't random — it was called. Last week's Elliott Wave count flagged $1.16 as the level that would kill the bullish case, with downside targets stacked at $1.13, $1.12, and $1.11.

Every one of those targets got tagged on the way down. Price never came close to $1.16, and the invalidation held cleanly all week. That's the bearish bias fully validated — but the count itself hasn't flipped bearish outright. It has refined. What initially looked like a simple A-B-C correction is now clearly something messier: a rule-breaking, complex structure. The fight has now shifted to a new battleground between $1.07 and $1.09.

XRP 4H — The Bigger Picture Is Still Corrective

Zoom out to the 4-hour chart and this is where the real story lives. The auto-generated count wants to label the recent move as a clean five-wave impulse: wave 1 at $1.10, wave 2 up near $1.12, wave 3 back to $1.10, wave 4 up to $1.12, wave 5 down to $1.09. Run the math on that and it falls apart immediately.

Two hard rule violations kill the impulse label. First, wave 2 retraced almost 170% of wave 1 — a full round trip, which breaks the most basic Elliott Wave rule: wave two can never retrace all of wave one. Second, wave 4 drags straight back into wave 1's price territory, something a standard impulse structure never permits. With two rule breaks stacked on top of each other, the impulse label gets thrown out entirely.

Instead, this reads as a larger A-B-C, or something even more complex. The B-wave leg measured almost five times the size of the A-wave, and wave C came in over twice the size of A. That lopsided ratio is the signature of an expanded flat or irregular correction — not a textbook zigzag.

• Higher-degree high: ~$1.16
• Higher-degree low: ~$1.01
• Prior swing high: ~$1.18
• Current price sits almost exactly on the $1.07 invalidation shelf
• B-low of the current leg: $1.04, just below spot

XRP 1H — Primary Count vs. the Alternates

On the 1-hour chart, the primary count treats the leg from wave A's high at $1.12 down to wave B's low at $1.04 as the dominant structure, with price now attempting a wave C bounce back up. Just like the 4H, the internal moves inside that swing break the rules — wave 2 retraced over three times wave 1, and wave 4 overlaps wave 1 again.

That means this wave C bounce is corrective, not the start of a fresh impulse. It's capped by structure, not just by a random ceiling. The primary read has this leg stalling into the 0.5–0.618 fib pocket, roughly $1.08 to $1.09, before rolling back over. Confirmation would be a rejection candle right at the invalidation shelf of $1.07.

Alternate 1 — The Bullish Break

If XRP doesn't just tag the fib pocket but closes clean above $1.09-$1.10 on rising volume, the corrective-C read gets replaced by a more bullish structure — a larger B-wave still extending, aiming back at the old highs near $1.12-$1.16. This scenario needs the ask wall at $1.07 broken and then held as support on a retest.

Alternate 2 — The Bearish Continuation

XRP never gets a real bounce at all, stalls near $1.06, and breaks the B-low at $1.04 directly. This confirms the correction is still impulsive downward, with real demand not showing up until the $1.02 bid wall. In this scenario, the bounce likely fails near $1.08-$1.09; only a close above $1.10 flips it bullish.

XRP 15M — Entry Trigger at the Wall

The 15-minute chart is purely about timing the trigger, and honestly, the auto count here is even messier. Wave 2 retraced almost 150% of wave 1, wave 3 actually came in shorter than wave 1 — which alone kills any impulse label — and wave 4 overlaps wave 1 on top of that. Three rule breaks in one structure.

This isn't a five-wave move — it's noise inside a corrective wiggle, and that matters because it tells us not to trust any five-is-complete reversal signal on this timeframe alone. What we do trust is price action against hard levels.

There's a clean invalidation shelf at $1.06, sitting almost exactly where price trades right now. Stacked just above it, the 0.236 through 0.786 fib levels are all crammed between $1.05 and $1.06 — a tight, low-value confluence zone, which usually means a fast decision, not a slow grind.

• Rejection at the shelf with a lower high forming → short trigger back toward the B-low at $1.04
• Close above $1.07 and hold it as support on retest → invalidates the immediate short, hands control to bulls
• This chart is a stopwatch, not a compass — it won't call direction alone, but it tells you exactly when to pull the trigger once the bigger timeframes agree

The Scenarios, Ranked

Putting all three timeframes together, here's how the possible paths stack up in likelihood based on the current structure and where price is sitting relative to each invalidation shelf.

The market context supports caution on the bullish alternates for now — broader analyst commentary this week still frames July 2026 as a range-bound month for XRP, with average trading estimates clustered near $1.11-$1.16 rather than a decisive breakout above the old highs.

Positioning & Order Flow — Does It Agree With Structure?

Wave counts tell you what price should do if the rules hold; order flow tells you whether real money is backing that read. Right now the two are aligned more than they're fighting.

The ask-side wall sitting at $1.07 lines up almost exactly with the 1H invalidation shelf and the 4H correction ceiling — three independent reads pointing at the same number. That kind of confluence is rare and it's why $1.07 has become the level everyone is watching this week, echoed even in prediction-market pricing around the $1.05991 handle.

On the downside, the $1.02 bid wall matches the alternate bearish scenario's stated demand zone, meaning if $1.04 breaks, there's a reasonable floor already sitting in wait rather than an air pocket straight down.

Levels to Watch This Week

For broader context, some independent price trackers show XRP trading modestly higher intraday, near $1.11-$1.12, highlighting how choppy and feed-dependent short-term quotes have been this week — another reason to lean on structural levels rather than a single tick.

Setup Per the Count (Not Advice)

This is the primary count, not a recommendation. The move down from the $1.12 high to the $1.04 low is read as wave B of a larger correction, with price now inside wave C, bouncing to correct that drop. But the internal structure of that bounce is rule-broken on every timeframe checked — 4H, 1H, and 15M all show overlaps or disproportionate retracements that disqualify a clean impulsive label.

• Bearish lean: rejection at $1.06-$1.09 with a lower high, invalidation above $1.10
• Bullish lean: clean close and hold above $1.09-$1.10 on volume, targeting $1.12-$1.16
• Either way, $1.07 is the fulcrum — it's inside every timeframe's key zone simultaneously

Summary — Why $1.07 Decides Everything

XRP validated last week's bearish call in full, tagging every downside target from $1.13 down to $1.11 and beyond, all the way to a fresh low near $1.04, before bouncing. The structure underneath that bounce, however, is broken on every timeframe — the 4H, 1H, and 15M counts all show rule violations that disqualify a clean impulsive uptrend.

That leaves one number doing all the work: $1.07. It's the 4H invalidation shelf, the anchor of the 1H resistance pocket, and the trigger line on the 15M chart, all at once — reinforced by an ask wall sitting right on top of it. Rejection there sends XRP back toward $1.04 and possibly $1.02. A confirmed close above $1.09-$1.10 flips the whole picture bullish and opens the door back toward $1.12-$1.16.

Until that level breaks one way or the other, every bounce in XRP remains, by the rules of the count, a correction — not a new trend.