XRP Price Analysis: $1.17 Wave Target in Focus While $1.11 Support Holds

2026-02-28 12:25:54

XRP was trading around $1.275 on the 1-hour chart, which laid out an Elliott Wave roadmap flagging $1.17 as the “ideal target” for wave Y of B. The setup stays on the table as long as the price doesn’t crack $1.11 - that’s the line in the sand for this entire read.

The yellow roadmap is the preferred path while $1.11 remains intact. Under this view, a pullback to $1.17 would be a clean corrective leg inside a larger structure - not a trend reversal signal. For broader level context, XRP Price: $1.67 Resistance Holds as Key Support Levels at $1.11 and $0.87 Remain Intact covers the wider technical picture.

The ideal target for wave Y of B sits at $1.17 - the scenario remains active while price holds above $1.11.

A close below $1.11 would hand control to the white scenario - an alternate roadmap with a different downside path. That binary framing makes $1.11 the single most important decision point right now. For context on where XRP could head if bulls regain momentum, see XRP Price Analysis: Falling Wedge Setup Signals Breakout Potential Above $2.

When a roadmap draws two mutually exclusive outcomes from a single support level, reactions near that threshold tend to get sharp - fast. Traders watching $1.11 will likely force a quick resolution once price gets close. For a look at how similar range dynamics played out recently, read Can XRP Break $1.50 Resistance After Consolidation?.

XRP2,06%

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