- XRP holds support as CoinsKid tracks wave-5 setup to $8 by Q1 2026.
- Analyst sees flash-crash to $2.65 as final accumulation before breakout.
- Elliott Wave model suggests expanding diagonal rally through early 2026.
XRP’s five-day Coinskid Ribbon continues to hold near support at $2.96, signaling that the altcoin’s cycle structure remains intact despite market volatility. The setup, tracked by analyst CoinsKid, projects a potential expanding wave-5 rally that could drive XRP toward $7.43 by late Q4 2025 and $8.33 by January 2026, provided the price first retests the key $2.65 support zone.
Wave-5 Outlook Builds as XRP Holds the Ribbon
In his latest post, the analyst revealed the setup that prompted his predictions, showing how XRP’s current price aligns with a critical point on the custom indicator. Despite recognizing the cryptocurrency’s bullish potential, the analyst noted that declining toward $2.65 would represent a perfect setup for XRP to achieve the stipulated targets.
Related: XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider
As of October 7, XRP trades around $2.96, still above the ribbon’s lower band and the wave-1 high at $2.65, which analysts treat as the invalidation level for the broader bullish count. An independent assessment of the same setup supports this outlook, stating that XRP remains above its trend ribbon, validating the retracement scenario without triggering sells.
XRP’s Market Context: Bitcoin Strength Sets the Stage
Bitcoin’s advance to a new all-time high near $126,198 has injected fresh momentum across the crypto market, sparking anticipation of a capital rotation into large-cap altcoins.
Historically, such rotations follow shortly after Bitcoin consolidates at a new high, with liquidity moving into assets like XRP, Solana, and Ethereum. If that pattern repeats, XRP’s $2.65 flash-crash zone could act as an accumulation base before the projected Q1 2026 cycle top.
Investor Sentiment and Next Levels to Watch
On TradingView, XRP’s price currently moves within a narrow channel between $2.90 and $3.10, showing declining volatility and tightening Bollinger Bands, typical of a pre-breakout setup.
Short-term traders now focus on $3.30 resistance and $2.70 support, while longer-term analysts cite the $6 to $8 region as potential take-profit territory once the fifth wave extends. To support his analysis, CoinsKid reiterated that he has not sold any XRP and continues to expect the cycle’s conclusion between Q4 2025 and Q1 2026.
Related: XRP Price Prediction: Analysts Eye $3.60 Breakout As ETF Reviews Begin
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