• XRP consolidates near $2.97 with charts showing Elliott Wave progression targeting a $3.43 resistance level.
• Strong volume between $2.90 and $3.10 highlights liquidity that supports the projected upward wave extension.
• Technical mapping outlines both bullish and corrective pathways with $3.00 acting as a decisive confirmation zone.

On the 4-hour Bitstamp chart, XRP is priced at $2.9754. The pair has been consolidating just below the $3.00 psychological mark. Volume data shows 22.44M traded during an earlier eight-bar cycle and 26.37M over twelve bars in the latest move.

The chart outlines Elliott Wave structures. Wave three has been marked, followed by a corrective wave four, with projections for wave five extending upward. If wave progression continues, a test toward the $3.43 region remains possible within the mapped structure.

Stochastic oscillators and RSI indicators show oscillation near neutral levels. Momentum suggests potential for renewed upside should the consolidation hold above $2.90. Technical setups point to XRP attempting to sustain bullish formations despite recent pullbacks.

Chart Projections and Wave Analysis

The drawn trajectory on the chart signals a fifth wave movement building from the current ranges. That projection carries XRP toward the $3.43 resistance, marking the highest noted target zone. The pattern aligns with previous corrective cycles where pullbacks set up renewed pushes higher.

Volume profile distribution indicates strong activity between $2.90 and $3.10. The thick bar cluster highlights these zones as key liquidity points. Sustaining a price above this area could provide the foundation for the projected upward extension.

The structure also presents alternative mapping where corrective labels appear between 5 and B points. This secondary scenario projects another possible upward push if wave alignment remains intact. Both scenarios rely on XRP sustaining its range near $3.00 before attempting further acceleration.

If the charted wave extension validates, XRP could continue the sequence of higher highs established earlier in September. The timeline illustrated suggests potential upward attempts spanning into late September, guided by prior cycle durations of eight to twelve bars.

A Pivotal Question for Traders

Can XRP sustain momentum above $3.00 and validate the charted projection toward $3.43? The structure suggests a possible rally if market momentum aligns with Elliott Wave projections. A decisive close above the $3.10 zone could confirm the anticipated wave five trajectory. Without that confirmation, XRP may remain confined within the consolidation band mapped across the $2.90 to $3.10 range.

Chart readings underscore that traders are closely monitoring these levels. Momentum oscillators show potential for price expansion if conditions stabilize. Observers highlight that earlier phases with similar volume and wave structures preceded rallies that broke through major resistance points.

As XRP tests this consolidation, traders weigh whether the market has sufficient strength to push toward the $3.43 target. The chart’s layered scenarios give both bullish and corrective pathways, yet both hinge on sustaining $2.97 levels in the short term.

The outcome over the coming sessions may decide whether XRP extends its rally or pauses within the mapped volume cluster. Each price movement in the range provides insight into whether the projected wave extension remains on course.