XRP appears to be in Wave 3 of a 5-wave impulse on the daily chart, signaling a strong ongoing uptrend .
Wave 2 retraced to around $1.9095, and Wave 3 has now surpassed the Wave 1 high of $2.6623, showing solid momentum .
Key Fibonacci retracement levels to watch:
0.236 Fib at ~$3.24
0.382 Fib at ~$3.00
These could mark potential pullback zones during Wave 3 .
Short-term strategy: Consider taking partial profits near $4.20, and possibly re-enter on a pullback within Wave 4. If XRP falls below $2.23, the current Wave count would need review .
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🚀 Medium-Term View: Impulse Towards $6–$6.85
According to a NewsBTC/TradingView analysis from May, XRP seems to be completing Wave 5 of a larger monthly impulse. The projection targets $6–$6.85 if momentum continues .
This wave follows the February–May consolidation and breakout pattern. Holding above $2.07 appears critical to validate this bullish scenario .
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🧠 Broader Elliott Wave Patterns & Targets
ElliottWave‑Forecast.com highlighted in June that XRP could reach the $3.80–$4.50 range for a completed Wave V, assuming support holds above ~$1.60 during Wave IV .
Earlier weekly and daily studies (from Feb–May) show XRP breaking out of complex corrections and extending impulsive waves targeting around $3.60 for Wave (iii), and possibly $4+ for Wave (v) .
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Here’s a video breakdown of today’s structure, showing how the wave count unfolds and possible entry/exit zones.
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📌 Summary of Key Levels & Strategies
Concept Price Range / Level
Current Wave 3 Active above $2.6623, aiming higher
Pullback Zones $3.00 – $3.24 (Fibonacci support)
Partial Profit-Take Around $4.20
Wave 4 Dip Target entry zone for next leg
Invalidation Level Below $2.23 (short term), $2.07–2.23 (mid term)
Long-Term Target $6.00–$6.85 if Wave 5 continues
Extended Bull Case $3.80–$4.50 for Wave V (weekly frame)
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✅ What This Means for Traders
Short-term traders: Riding Wave 3, consider ride‑the‑trend strategies and take partial profits near $4.20; look to re-enter on dips above $3.00 during Wave 4.
Medium/long-term traders: A sustained breakout and bullish continuation could lead toward the $6 level as Wave 5 plays out—provided support holds above $2.07–$2.23.
Risk management: Use the $2.23 short‑term or $2.07 mid‑term invalidation levels to reevaluate your wave structure if breached.
#BTCvsETH XRP appears to be in Wave 3 of a 5-wave impulse on the daily chart, signaling a strong ongoing uptrend .
Wave 2 retraced to around $1.9095, and Wave 3 has now surpassed the Wave 1 high of $2.6623, showing solid momentum .
Key Fibonacci retracement levels to watch:
0.236 Fib at ~$3.24
0.382 Fib at ~$3.00
These could mark potential pullback zones during Wave 3 .
Short-term strategy: Consider taking partial profits near $4.20, and possibly re-enter on a pullback within Wave 4. If XRP falls below $2.23, the current Wave count would need review .
---
🚀 Medium-Term View: Impulse Towards $6–$6.85
According to a NewsBTC/TradingView analysis from May, XRP seems to be completing Wave 5 of a larger monthly impulse. The projection targets $6–$6.85 if momentum continues .
This wave follows the February–May consolidation and breakout pattern. Holding above $2.07 appears critical to validate this bullish scenario .
---
🧠 Broader Elliott Wave Patterns & Targets
ElliottWave‑Forecast.com highlighted in June that XRP could reach the $3.80–$4.50 range for a completed Wave V, assuming support holds above ~$1.60 during Wave IV .
Earlier weekly and daily studies (from Feb–May) show XRP breaking out of complex corrections and extending impulsive waves targeting around $3.60 for Wave (iii), and possibly $4+ for Wave (v) .
---
Here’s a video breakdown of today’s structure, showing how the wave count unfolds and possible entry/exit zones.
---
📌 Summary of Key Levels & Strategies
Concept Price Range / Level
Current Wave 3 Active above $2.6623, aiming higher
Pullback Zones $3.00 – $3.24 (Fibonacci support)
Partial Profit-Take Around $4.20
Wave 4 Dip Target entry zone for next leg
Invalidation Level Below $2.23 (short term), $2.07–2.23 (mid term)
Long-Term Target $6.00–$6.85 if Wave 5 continues
Extended Bull Case $3.80–$4.50 for Wave V (weekly frame)
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✅ What This Means for Traders
Short-term traders: Riding Wave 3, consider ride‑the‑trend strategies and take partial profits near $4.20; look to re-enter on dips above $3.00 during Wave 4.
Medium/long-term traders: A sustained breakout and bullish continuation could lead toward the $6 level as Wave 5 plays out—provided support holds above $2.07–$2.23.
Risk management: Use the $2.23 short‑term or $2.07 mid‑term invalidation levels to reevaluate your wave structure if breached.#ETHBreaks3700 #StablecoinLaw #NFTMarketWatch #CryptoMarket4T $BTC $ETH $XRP