📈 XRP Wave Count Reveals Critical Breakout Trigger: $2.56
Current Price: ~$2.00
Short-Term Target: $2.9–$3.4
Macro Target (Egrag Crypto): $10, $18, $27, even $55 in the long term
Timeframe: Short-term to multi-month bullish setup
🔍 Technical Structure
✅ Elliott Wave Count
Wave 1 complete (post-April rally)
WXY corrective Wave 2 completed
Entering sub-wave 3 of Macro Wave 5 → typically the strongest wave in Elliott theory
✅ Wyckoff Reaccumulation (Confirmed Phases):
PSY → Preliminary Support
AR → Automatic Rally
ST → Secondary Test
Spring → Shakeout completed
LPS → Last Point of Support forming → often precedes breakout
🚀 Trigger Level: $2.56
Break above $2.56 = official launchpad
Target Zone: $2.90–$3.40 (initial Fibonacci extensions)
Break of $2.65 confirms entry into markup phase
🔥 Macro View: Egrag Crypto
21-week EMA breakout = historically precedes explosive rallies
Macro ascending channel from 2016 still intact
Potential multi-month rally to $10–$55, depending on breakout momentum and cycle structure
🎯 Trade Strategy Idea
Entry: On daily close > $2.56
TP1: $2.90
TP2: $3.40
Macro TP (longer-term): $10+
SL: Below $2.00 (or dynamic below LPS spring)