๐ XRP Market Analysis & Trade Setup
๐ Mid-May 2025 Outlook
By: Cryptomia Analysis
XRP is currently in a correction phase after completing a potential top. Weโve now reached a key Fibonacci support zone, and the market is at a decision point. Two possible scenarios are developing โ orange (short-term bullish) and blue (larger correction).
๐ต Blue Scenario (Preferred) โ Larger Correction
Structure: Completed 5-wave impulse โ now forming an ABC correction
Current Action: Potential start of B-wave bounce
โ ๏ธ Watch Zone: Support: $2.06 to $1.79 | Resistance for B-wave rally: $2.48 โ $2.61
๐ฏ Upside Target: $2.48 โ $2.61 (B-wave top)
๐ Downside Target: $1.79 (Wave C completion, key support)
โ๏ธInvalidation Level: Break below $1.79 would risk deeper correction
๐ Orange Scenario โ Short-Term Bullish (Less Likely)
Assumes: Current pullback is a wave B, preparing for wave C upward
โ ๏ธ Must Hold: Key Support: $2.15 | Invalidation: Break below $2.08 invalidates this count
๐ฏ Upside Targets (Wave C): $2.61 and $2.90+ (if momentum continues)
๐ Trade Plan
โ Entry Zone: $2.00 โ $2.15 (bounce confirmation)
๐ฏ Targets: TP1: $2.48 | TP2: $2.61 | TP3 (extended): $2.90
โ Stop Loss: Conservative: Below $2.06 | Aggressive: Below $1.79 (larger structure invalidation)
๐ง Summary: XRP is at a technical crossroads โ a B-wave bounce is likely next, but whether it turns into a full recovery or another leg down depends on how price reacts at key levels. Stay cautious, use tight stop-losses, and watch for a break above $2.48 for stronger bullish confirmation.
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