Technical analysis by ew-forecast about Symbol XRP: Buy recommendation (10/21/2025)

Ripple is still bullish despite the recent spike lower, which can act as a strong support from a technical and Elliott wave perspective. Ripple is a blockchain-based digital payment protocol designed for fast, low-cost international money transfers. Its native cryptocurrency, XRP, helps facilitate transactions between different currencies, making cross-border payments quicker and cheaper compared to traditional systems like SWIFT. Ripple sold-off recently and it made a huge spike lower due to the market manipulation, but these spikes usually act as a strong support. It still looks like a complex W-X-Y correction in wave IV on a daily chart, which can now resume the bullish trend within final wave V of (V). In the 4-hour chart, we can see a massive spike down, but out of wave (B) triangle pattern, so it’s a penultimate move into wave (C) of Y. With the current strong rebound and recovery, seems like bulls are back in the game, and it looks to be forming a bullish setup with waves 1 and 2. So watch out for further rally within wave 3 of a five-wave bullish cycle, especially if jumps back into 2.7 area and later above 3.10 bullish confirmation level.