$XRP 1Hr โ€“ Elliott Wave Analysis

Price is currently unfolding a 5-wave impulse pattern on the 1-hour timeframe โ€” a classic bullish structure if it completes.

Here's the technical breakdown:

๐Ÿ”น Wave Count

โœ… Wave (1): Initial breakout leg

โœ… Wave (2): Shallow retracement, healthy structure

โœ… Wave (3): Strongest leg so far, showing trend momentum

๐Ÿ”„ Wave (4): Ongoing correction, finding support between key Fib zones

๐Ÿ“‰ Wave (4) Pullback Levels:

0.5 Fib: $2.2223

0.618 Fib: $2.2053

These levels are acting as short-term support zones.

๐Ÿ”น Potential Wave (5) Targets (Fib Extensions)

If Wave (4) holds, next leg up could aim for:

0.618 extension: $2.3034

1.0 extension: $2.3535

1.618 extension: $2.4346

Momentum and volume confirmation will be key to pushing beyond $2.35.

๐Ÿ“Œ Summary:

#XRP looks poised for another leg up (Wave 5) as long as support at ~$2.22 holds.

Targets sit between $2.30 and $2.43.

Ideal breakout scenario = reclaim $2.26+ with volume.

#XRPย