XRP broke out from a triangle and formed a bullish wave that now shows potential moves toward $4.14 and $8.08. The price reached $3.07 in wave one and bounced above $3.12 as Fibonacci levels confirm the upward direction. Wave structure and strong volume near $0.75 base now support the idea that XRP could hit new highs soon. XRP is trading near $3.12 after breaking out of a large triangle pattern, with projected upside targets reaching $8.08. The current daily chart on Bitstamp shows a defined wave structure with bullish Fibonacci extensions pointing higher. This technical setup indicates that the recent move above resistance has triggered a new impulsive wave cycle. Next stop fib level 1 around $4.20 $XRP pic.twitter.com/rr5LlpKzxF — BigMike7335 (@Michael_EWpro) July 31, 2025 A labeled Elliott Wave count on the chart shows XRP is entering wave (iii) of a broader impulse. The breakout from the triangle occurred near $1.23, with wave (i) already peaking at around $3.07. Analysts are now watching the potential for XRP to climb as high as $4.14 at the 1.618 Fibonacci level before higher wave targets are tested. The chart also displays a triangle measurement pointing directly to $8.08, which aligns with extended Fibonacci targets. Volume profile and oscillator behavior support the idea that the recent breakout is structurally significant and may continue its path higher under current momentum. Wave Count Aligns with Fibonacci Expansion The chart illustrates a textbook Elliott Wave pattern beginning from late 2024 through July 2025. The completion of wave (ii) occurred near $0.59, and the current wave structure projects the development of a strong wave (iii) with sub-waves (i) through (v). Each stage has been marked with clear pivots that align closely with Fibonacci retracement and extension levels. Wave (i) reached approximately $3.07, after which a small correction traced wave (ii) just below the $2.50 region. The triangle formation that followed appears to be part of wave (iv) consolidation. Upon breakout, the impulse resumed, beginning the early stages of wave (iii) heading toward $4.14, then possibly $6.70 and $8.08 based on the 2.618 and 3.618 extensions. The Fibonacci retracement levels from previous swings include 0.382 at $1.53, 0.5 at $1.23, and 0.618 at $0.96. These levels served as foundational zones during corrective phases and now represent structural support. These provide strong context for the current uptrend and allow traders to track risk levels effectively. MACD and RSI indicators below the chart suggest bullish momentum with oscillators trending upward. A steady rise in buying pressure confirms strength behind this wave count and supports the bullish price objective. Volume Profile Confirms Key Demand Zones XRP’s volume profile, displayed to the right side of the chart, shows a thick cluster of activity between $0.47 and $0.75. This region represents high-traffic historical demand and confirms it as a foundational base for the current rally. Once price moved beyond this accumulation zone, the breakout gained momentum quickly. Volume sharply increased after XRP broke out from the upper boundary of the triangle. The move toward $3.07 came with increased confirmation, marking the wave (i) peak. As price consolidates near $3.12, the triangle’s breakout measurement now points toward $8.08 as a potential target. This bullish forecast aligns with market expectations of expanding price action and trader focus on impulsive wave development. With the current chart structure intact, one pivotal question now emerges: will XRP sustain its wave pattern to reach double-digit price zones before year-end?