Certified Elliott Wave analyst XForceGlobal (@XForceGlobal) told followers on
Within 10 minutes video Shared alongside the post, the analyst described XRP’s recent price action as the late phase of a flat pattern, an extended period where neither bulls nor bears can force a clean trend. “A flat occurs when the market fails to follow the trend on either side. They are effectively evenly matched,” he said. “And that’s not a sign of weakness, it’s a sign of balance.”
XRP Traders ‘Exhausted’ as Breakout Approaches
XForceGlobal positioned the structure as a corrective phase within a larger bullish range, describing the market as forming a new bottom rather than breaking off. “This is where the buyers and sellers enter a Mexican standoff with each other, creating a new price floor,” he said, adding that the sideways feeling is the point: “They’re not actually designed to go anywhere. And the markets naturally alternate between expansion and compression.”
Related reading
The analyst emphasized the psychological aspect of long-term consolidation, arguing that flats tend to “eliminate even leveraged traders over time rather than price” by exhausting both sides. “By the time the condo actually disappears, which I think is very close, most traders are already emotionally exhausted,” he said. “The positioning has pretty much been neutralized and the path forward is becoming very clear to me.”
In Elliott Wave terms, He argued that this final phase is when the market stops drifting and forces a solution.
“Wave C must be impulsive because it represents the resolution of the equilibrium we have for waves A and B,” he said. “It’s not the continuation of a larger structure to the downside.” He described impulsiveness as behavioral rather than directive, and attributed this to urgency and perseverance once a side “decidedly gives up,” clearing the scope built up during the earlier stages.
That distinction is important for positioning, because his base case still expects a decisive shakeout before he takes a step higher. He said the market is currently in an “expanded flat” configuration, with wave B rising above the previous high, and he expects the local structure to break “at some point” before the market reemerges. He highlighted $1.70 as an earlier low that could be undermined as part of the process without invalidating the larger setup, as long as broader support remains.
Related reading
XForceGlobal’s post leaned heavily on the belief built up over time – “I haven’t spent over 2000 days accumulating XRP for no reason!” – while also emphasizing that he has already made some profits. In the transcript, he said he had “personally taken some profits around the $2.70 level” and would continue to “sell on strength.”
On upside expectations, he called for higher levels “in this current cycle,” linking potential targets to the duration of consolidation. “The longer we distribute here, the higher the goals will be,” he said, adding that “a minimum of $6 to even $14 is my personal goal.”
He also identified circumstances that would change trade management. If the market shows “red flags” and breaks the structure further than he expects, he suggested risk management should be a priority there.
For XRP traders, the practical lesson from his framework is timing and path, not direction: a final, powerful leg lower could still be consistent with a bullish continuation thesis, while a deeper structural collapse would challenge it.
At the time of writing, XRP was trading at $1.91.
Featured image created with DALL.E, chart from TradingView.com