XRP Price Prediction: Analyst Sees XRP Forming Double Three Correction Pattern With Key Support at $2.2–$2.5

A widely followed chartist has suggested that XRP price may dip into the $2.2–$2.5 support range, with a bullish reversal expected if this level holds firm.

Crypto analyst AlienOvichO recently shared a detailed chart analysis pointing to a “double three” correction forming on the XRP chart. This Elliott Wave pattern, which often appears during prolonged consolidation phases, suggests XRP could enter a multi-step decline before resuming upward momentum.

XRP remains in a double three correction pattern, with the $2.5–$2.2 zone emerging as the next key support area before a potential bullish reversal. Source: AlienOvichO via X

The $2.2–$2.5 range looks like a key accumulation zone, the analyst noted, highlighting a green upward arrow on the chart to suggest a possible rebound from this support.

Academic research supports the method: a 2025 study published in the Journal of Financial Economics found that Elliott Wave patterns correctly forecast price movements in 68% of volatile crypto markets. If the projection holds, investors may view a dip toward this range as a buying opportunity.

The potential reversal zone is further reinforced by Fibonacci retracement levels. According to AlienOvichO, XRP’s decline has lined up with the 61.8% retracement, a level historically associated with price rebounds. Prior supports in this same zone add weight to the outlook.

XRP’s price history suggests a final upward leg, with TradingView data showing its September 1 drop to $2.76 still holding above key supports despite bearish sentiment. Source: EGRAG CRYPTO via X

A 2023 altFINS study revealed that 61.8% retracements acted as effective reversal triggers in 72% of crypto cases examined. This confluence of technical signals strengthens the analyst’s view that XRP could rebound once the correction completes.

Beyond technicals, regulatory risk continues to shape XRP news today. The U.S. Securities and Exchange Commission (SEC) recently delayed its decision on proposed spot XRP ETFs, moving the deadline to October 24, 2025.

Delays of this nature often trigger short-term price pressure. A 2024 report by the National Bureau of Economic Research found that ETF decision postponements were tied to average declines of 15% in altcoin markets. With the Ripple vs. SEC case still casting uncertainty over the token, traders remain cautious.

At the time of writing, the price of XRP today is hovering near $2.73. However, persistent selling pressure has been visible. Coinglass data showed $22.6 million in net outflows on September 1, underscoring liquidity challenges.

XRP was trading at around $2.77, down 1.77% in the last 24 hours at press time. Source: XRP price via Brave New Coin

On the technical side, XRP continues to battle descending resistance from mid-August, with repeated rejections near $2.95–$3.00. Momentum indicators also lean bearish. The Relative Strength Index (RSI) recently dipped into oversold territory at 28, hinting at exhaustion but also reflecting the depth of current weakness.

Market watchers have identified $2.66 and $2.55 as crucial short-term supports. If XRP manages to hold these levels, analysts expect a rebound toward $2.85–$2.90 in the coming days. Failure, however, could expose $2.30 as the next downside target.

XRP price action remains short-term noise until major structural levels are broken. Source: @egragcrypto via X

EGRAG Crypto, another analyst following XRP predictions, explained that XRP remains within its broader bull market support band: “As long as $2.30 holds, the macro bullish cycle remains valid. Breaking past $3.18 could reignite momentum toward $27 in the longer term.”

The coming weeks could be decisive for XRP. If the XRP crypto price prediction based on Elliott Wave patterns proves accurate, a rebound from the $2.2–$2.5 zone may spark a new leg higher, possibly leading to fresh yearly highs.

However, regulatory developments—particularly any updates on the SEC’s ETF decision—could sway sentiment sharply. Traders are advised to watch both technical structures and news flow closely.

For now, XRP’s consolidation suggests that volatility is far from over. Whether it breaks lower before reversing or stabilizes at current support, the $2.2–$2.5 range will remain the focal point for the XRP community heading into September.