š $XRP Update ā Waiting for the Breakout!
XRP is hovering just below $3.40 resistance. The recent pullback from the August 8 swing high was a clean three-wave move, landing at $3.11 (38.2% retracement). ā
š¹ Possible scenarios:
Upside momentum could trigger an ending diagonal pattern: wave 1 ā wave 2 ā wave 3 ā wave 4 ā wave 5.
Target area for the next leg up: $3.80 ā $4.30.
Immediate resistance to watch: $3.33 (B-wave high).
Support levels:
$2.85 ā key support for bullish thesis.
Below $2.85 ā shift to more bearish outlook.
š” Takeaway: The trend is up, but patience is required to see a clean breakout above $3.40.
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