Ripple Price Prediction: The third wave of profit pullback for XRP appears, laying the foundation for a breakthrough of 30 USD.

Ripple (XRP) today (28) is hovering around 3.20 USD during the Asian session, and cryptocurrency analysts are turning their attention to Ripple's ever-changing market dynamics and bullish chart patterns, which could drive the price of XRP to the long-awaited 30 USD milestone.

Elliott Wave pattern points to strategic profit area

Well-known market analyst EGRAG Crypto has once again used Elliott Wave Theory to draw a structured price roadmap for XRP. His latest XRP price prediction identifies three key areas where investors may consider taking profits, with each area based on the unique wave structure in XRP's historical price movements.

The target price for the third wave of XRP is between 27-30 USD, based on a 1,750% pump since March 2020.

According to the reverse forecast of Wave 4, the most conservative profit-taking range is between 4 dollars and 6 dollars, typically using Fibonacci extensions between 1.236 and 1.618. This area is regarded as a psychological threshold, and it is expected that many long-term XRP holders will exit here.

The second area is referred to as the "Most Likely Area," located between $11 and $13. It aligns with a typical fifth wave trend, usually similar to the first wave trend, or reaching 61.8% of the total length of the first and third waves. The final and most ambitious prediction is called the "High-End Area," ranging from $27 to $30.

The estimate is based on an alternative wave count that started in March 2020, predicting that the third wave will achieve a 1,750% pump based on previous market patterns.

"Don't aim for magical numbers like $17, $27, or $50," EGRAG warned. "Success lies in responding to cycles, not in predicting the perfect top... Each cycle distinguishes winners from late sellers. Don't wait for perfection."

(Source: Trading View)

Ripple's institutional moves support bullish outlook

Ripple's strategic expansion into the institutional finance sector has intensified today's bullish sentiment around XRP's price. The company recently applied for a national bank charter with the Office of the Comptroller of the Currency (OCC), which could enable its stablecoin RLUSD to access the Federal Reserve's payment system.

The prime broker is connecting traditional finance (TradFi) and decentralized finance (DeFi), enabling institutions to enter the crypto assets market through a regulated clearing platform and conduct transactions worth trillions of dollars.

This development, along with the acquisition of the large institutional broker Hidden Road, marks Ripple's aggressive entry into the decentralized finance (DeFi) space and the broader financial services sector.

Ripple CEO Brad Garlinghouse stated that Hidden Road is "changing the industry landscape" by facilitating institutional investors' access to digital assets and their derivatives. This move aims to bridge the gap between traditional finance and DeFi—this vision may redefine Ripple's role in the evolving crypto infrastructure.

Garlinghouse stated: "We are seeing a growing demand from institutional investors to enter the crypto market securely and compliantly."

XRP Price Trend: Key Support and Resistance Levels

XRP has recently rebounded after dropping to $3.05, forming a V-shaped recovery pattern. Technical analysis shows that the current price trend hovers below the resistance level of $3.24 to $3.28, which aligns with the 0.5 Fibonacci retracement level of the previous highs.

The target price for XRP is $3.82, with an increase in trading volume and a rebound at $3.21 indicating that a strong third wave breakout may be about to begin.

Market observers, including CasiTrades, point out that the support level at 3.00 USD is a key level. If it can hold strongly at this level, the price of XRP may rise towards 3.82 USD, and if the momentum continues, it may continue to pump.

"If XRP trading volume breaks through $3.21, we may see it rise to $3.70," CasiTrades quoted from historical highs.

(Source: Trading View)

Ripple's Vision for Institutional DeFi Integration

Ripple's acquisition of Hidden Road is a key step in its long-term strategy. By integrating prime brokerage functionalities, the company is enhancing its XRP ledger and creating a portal for hedge funds and trading firms to interact with DeFi platforms. This could help expand the utility and demand for XRP, adding a fundamental aspect to the bullish technical narrative.

This institutional adjustment may also affect XRP crypto assets price prediction models, with increased liquidity and infrastructure support becoming a positive market driver.

Final Thoughts: Will XRP pump from here?

The price of XRP is currently maintaining above key support levels, with a combination of technical structure, institutional momentum, and regulatory actions providing compelling support for future growth. While a price of $30 for XRP remains an ambitious target, the profit-taking zones listed in the chart provide practical support points.

As of the time of publication, the trading price of XRP is approximately 3.20 USD, having increased by 0.12% in the past 24 hours.

Whether Ripple's OCC bank license or Hidden Road's acquisition will act as a catalyst remains to be seen. However, the increasingly optimistic sentiment based on charts and structural progress makes XRP one of the most watched assets in the Crypto Assets market.