XRP B-Wave Bounce Is a Lie. Here Is What the Chart Is Actually Saying.

XRP’s weekly chart signals a broader ABC correction. A B-wave rally toward $2.87 is possible, but analysts warn the C-wave target sits near $0.98.

XRP has not broken anything yet. That is the problem.

Trading near $1.38, the token has spent weeks grinding between levels that do not resolve into a trend. Bitcoin delivered its B-wave rallies already. XRP is still deciding.

Trapped and Going Nowhere

According to MCOGlobalES on X, Ripple remains rangebound while Bitcoin has already printed stronger corrective bounces on higher timeframes. The structure, per that read, still looks corrective. Not bullish.

The heatmap from CoinAnk tells a similar story. Price pushed toward $1.54 on May 6 then rejected sharply. The brightest liquidity band on the chart sits right at the range lows. That is where leverage concentrates. That is also where the hurt lands first.

MCOGlobalES flags the local range between $1.22 and $1.55 as the key containment zone. As long as XRP stays inside it, the corrective label holds. The weekly candlesticks show overlapping bars since early 2026. No clean impulse. Just chop.

A Slight Drop Wipes Them Out

CW8900 on X put it plainly. A slight further decline would liquidate most high-leverage long positions sitting in the market right now. Not a crash. Not a meltdown. A nudge.

Source: CW8900 

The XRP ETF analysis from earlier this week noted the token was holding near $1.40 support with resistance firm at $1.74. That picture has not changed. Crowded longs below $1.36 are the structural risk. Per CW8900, the leverage setup is already loaded.

The weekly Fibonacci grid explains the range. The 38.2% retracement sits at $1.55. The 50% level lands near $1.22. XRP has been bouncing between those two numbers without resolution.

The Bounce Nobody Should Celebrate

MCOGlobalES does not dismiss upside entirely. A rally toward the $1.78 to $2.87 resistance zone is possible, he noted on X. The 61.8% Fibonacci level on the weekly chart sits at $2.26. The 78.6% level reaches $2.87. Both fall inside the B-wave target window. Both would still fit the corrective structure without invalidating anything bearish.

That is the trap. A move toward $2 or higher could look like recovery. Per the multi-year XRP pattern analysis published last week, $1.55 remains the first structural hurdle. A weekly close above it changes the read. Below it, the corrective thesis stays intact.

The B-wave is the relief. The C-wave is the bill.

What the Weekly Chart Is Actually Showing

The weekly XRPUSD chart shows wave A completing near the $1.22 lows. Wave B is attempting recovery from that zone. Wave C has not confirmed. It is labeled and targeted. The Fibonacci extensions place the C-wave projected landing zone between $0.99 and $0.48.

That gold-shaded box below current price on the chart. Most traders are not looking at it.

MCOGlobalES was direct. Momentum is the main problem for bulls right now. Not the level. The momentum itself. Price needs a clean weekly close above $1.55 to shift the read. Until that prints, every bounce is a B-wave candidate.

The box does not move.

Disclaimer: This article reflects technical analysis from cited sources only. It is not financial or investment advice. Conduct your own research before making any trading decisions.

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