$XRP
🚨XRP Price Analysis🚨
The XRP price started to show bullish signs on April 7 (green icon) when it bounced and reclaimed the $2 horizontal support area.
Shortly afterward, it broke out from a descending resistance trend line, confirming its correction was over.
During the time below the trend line, XRP also completed a W-X-Y correction (red), supporting the bullish price prediction.
Since the breakout, XRP has traded between $2 and $2.60. While it failed to break out in May (red icon), it has regained its footing.
The most likely wave count suggests XRP is in wave three of a five-wave upward movement, often the sharpest portion of the increase.
This week, the XRP price is approaching the range high of $2.60. A breakout above it will confirm that the next portion of the rally has started.
If that happens, the XRP price can reach a high of $4.50, targeting the 1.61 external Fibonacci retracement of the drop.
