$XRP is currently exhibiting a clean Elliott Wave structure on the 1Hr chart
Waves (1)–(4) are already completed, with Wave (4) forming a healthy consolidation above the 3.25–3.30 zone.
Price has now begun shaping Wave (5), which is typically the final bullish push before a larger corrective phase.
Key Support: 3.30 → A structural pivot point; maintaining this zone keeps the bullish outlook intact.
Immediate Resistance: 3.40–3.45 → First breakout test for bulls.
Momentum Zone: Break & hold above 3.45 could attract fresh buyers, opening a path towards higher Fibonacci targets.
📊 Wave (5) Fibonacci Projections
0.618 Fib Extension: 3.44 → Short-term target, often tested first in Wave 5.
1.000 Fib Extension: 3.58 → Likely if breakout volume is strong.
1.618 Fib Extension: 3.82 → Extended target, usually hit if Wave 5 turns impulsive and market sentiment stays bullish.
🔸Failure to hold 3.30 could see price revisit 3.24–3.26, and breaking below 3.20 may signal Wave 5 truncation, shifting momentum back to sellers.
🔹Wave 5 is in motion. A decisive breakout above 3.45 with strong volume could propel XRP towards 3.58–3.82 in the coming sessions.