Automatic wave scan: as of 5 Nov 2026, the automatic daily count for XRP is Wave 5 up with a bullish bias. The count stays valid while price holds 1.2002.
Current XRP wave count
Automatic wave scan Updated daily from the latest daily close (5 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave advance that began at 1.4517 on 24 Sep 2026. Next levels to watch are 1.2495 and 1.9139. The count fails on a daily close below 1.2002.
Key levels
| Type | Levels |
|---|---|
| Resistance | 1.3992 · 1.2562 |
| Support | 1.2002 · 0.98620 |
| Invalidation | 1.2002 |
What is XRP?
XRP is the digital asset of the XRP Ledger, an open blockchain launched in 2012 by David Schwartz, Jed McCaleb and Arthur Britto. The company Ripple, co-founded by Chris Larsen, uses XRP in some of its payment products. Transactions settle in a few seconds and cost a tiny fraction of a cent.
All 100 billion XRP were created at launch, so there is no mining. A large share is held by Ripple, and some of it is released over time from escrow. In December 2020 the US Securities and Exchange Commission sued Ripple, and the case shaped XRP's price until it was resolved.
What moves the XRP price?
- US regulation: Court rulings and SEC decisions caused some of XRP's largest one-day moves.
- Escrow releases: Ripple's monthly escrow schedule adds potential supply that traders watch.
- Payment partnerships: News about banks or payment firms using Ripple products can lift sentiment.
- Crypto market direction: XRP still tends to follow the overall crypto trend led by Bitcoin.
- Retail interest: XRP has a large and active retail community. Social media trends can drive short bursts of demand.
How XRP moves in Elliott Wave terms
XRP is known for long sideways ranges followed by very fast moves. These ranges often form triangles or complex corrections such as double threes, which can last many months. When a breakout comes, wave 3 can cover a large distance in days.
News spikes can create sharp wicks that break clean counts. Use closing prices on the daily chart to judge whether a level has truly failed.
Tips for counting XRP waves
Be patient during long ranges and avoid labelling every swing as a new impulse. Confirm breakouts with a daily close outside the range.
XRP key facts
XRP Elliott Wave FAQ
Is XRP the same as Ripple?
No. XRP is the token of the open XRP Ledger. Ripple is a private company that uses XRP and holds a large amount of it.
Why does XRP stay flat for long periods?
XRP often forms long corrective patterns such as triangles and double threes. These can last months before a fast breakout.
Can XRP be mined?
No. All 100 billion XRP were created when the ledger launched in 2012.
Sources and further reading
- XRP Ledger overview (XRPL.org)
- Ripple Labs (Wikipedia)
- SEC litigation releases (U.S. Securities and Exchange Commission)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
