Well, I say, old bean, it appears that XRP has found itself in what the frightfully clever chap, Korean Certified Elliott Wave Analyst XForceGlobal (@XForceGlobal), whimsically dubs a “washout” phase. This, my dear reader, is all part of a broader Elliott Wave corrective structure-a bit like a financial steeplechase, what? According to this fellow, this “washout zone” is merely the prelude to a jolly good show, with XRP potentially galloping toward the $20-$30 mark in due course.
In a video breakdown on Feb. 3, our intrepid analyst chappie assured us that the recent pullback is all part of the grand plan, merely shoving XRP deeper into what he calls the “alternative” macro scenario. Picture it as an expanded flat correction, where a previous dash to new heights turns out to be a jolly good “fake out,” followed by a final leg downward to give late buyers a spot of indigestion.
“Nothing new here, old sport,” he remarked with a wave of his metaphorical hand. “We’ve been tooting this horn for ages. Two points of interest, you see: the B Wave, creating a fake out at the all-time high, and the current C Wave, which is another fake out below the previous low, our Wave A.”
XRP’s Last Hurrah Before the $30 Ball?
The crux of his argument, if I may say so, hinges on a measured target for Wave C, derived from the pivot points of Waves A and B. Specifically, he mentions the 1.618 Fibonacci extension-less of a mystical number, more of a behavioral marker where corrections turn as emotional as a spurned debutante. Wave A, he explains, is the initial counter-trend move, Wave B the “overconfidence phase,” and Wave C the moment when everyone’s stop losses are triggered, and conviction crumbles like a poorly constructed soufflé.
“It’s a trap, you see,” XForceGlobal elucidated, “a liquidation structure. Wave A is the first counter-trend move, Wave B the overconfidence phase, and Wave C the reality check. Everyone who bought at the top is now as wrong as a penguin in the Sahara, exiting at the local bottoms due to stop losses or sheer loss of faith.”
He insists that because Wave C is driven by “emotion and not balance,” it tends to resolve as a five-wave decline rather than a three-wave correction, often ending around the 161.8% extension when selling pressure finally runs out of steam. The key, he says, isn’t that XRP becomes “cheap,” but that sellers are as exhausted as a chap after a three-day house party.
“The markets won’t reverse because prices are a bargain,” he quipped. “They reverse because sellers are as spent as a fellow after a night at the Drones Club. You’ll start to see bullish divergences popping up like mushrooms after a rain.”
From a levels perspective, XForceGlobal describes a volatile “free for all” zone between $1.50 and $1.08-$1.09, where bulls and bears engage in a spot of financial fisticuffs. If his expanded flat thesis holds, this area could become a buy zone-but only after the five-wave move down completes and a reversal sequence gives the all-clear.
The macro context, he insists, is as solid as Jeeves’s discretion. XRP breaking out of a multi-year triangle and rallying 500% is evidence of a five-wave advance, followed by corrective structures consistent with an expanded flat setup: a non-impulsive pullback, a B-wave push to an extreme, and a new downside extreme below the previous market structure.
$XRP
One of the most important #XRP videos to date!
A complete 10-minute breakdown covering targets and invalidation levels. More importantly, I cover how to properly manage expectations in the midst of chaos using the macro structure, and why the overall trend remains as bullish as a terrier with a bone.
– XForceGlobal (@XForceGlobal) February 3, 2026
If XRP completes this corrective leg and transitions into a new impulsive cycle-with the classic wave three, wave four, wave five sequence-his roadmap points to higher targets over time. “We’ve got a wave three in the making, a wave four, and then a wave five pending that could whisk us up to the $20 to $25, $30 region,” he said with the confidence of a man who’s just won a bet at White’s.
He also flagged $6 as a major level where he expects profit-taking and a reassessment, framing it as part of a broader risk-management approach rather than a single-shot price call.
At press time, XRP traded at $1.5887, as steady as a butler pouring tea.
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2026-02-05 03:04