XRP/USD Under Pressure as Elliott Wave Analysis Eyes $3–$4 and $9–$13

what happened

A TradingView summary says XRP/USD is under pressure from the ongoing legal dispute between Ripple and the SEC, and from a narrow set of real-world uses outside cross-border transfers and the RLUSD stablecoin. Those factors could limit demand and room for upside, according to the piece.

The same summary cites an Elliott Wave reading in which a second-wave correction may be finishing. That reading projects a multi-wave advance with a primary third-wave target near $3–$4 and a longer extension toward $9–$13, while warning of sharp pullbacks along the way.

On the infrastructure side, SBI Holdings has integrated RLUSD, a dollar stablecoin on the XRP Ledger, alongside XRP liquidity for cross-border payments and retail use. Separately, Privy has partnered with Ripple to support XRP Ledger wallets for in-app payments in XRP and RLUSD. The summary notes that this is an infrastructure update rather than a sign of trading demand for XRP/USD.

why it matters

For traders the picture is mixed: legal risk and a narrow set of uses weigh on the token, while stablecoin and wallet integrations widen the network without directly proving higher demand for XRP/USD. The Elliott Wave targets are one analyst's technical scenario rather than a forecast, and the summary itself is AI-generated and should be checked against original sources.

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