XRP/USDT Sizzles: Elliott Wave Analysis Hints at Dramatic Moves Ahead!
XRP’s 4-hour chart is electrifying traders as Elliott Wave action sets the stage for a rollercoaster ride. Analyst WoWAcEDuDe spotlights a “B” sub-wave in motion, with XRP eyeing a short-term over-high before the script flips.
Here’s the hot play-by-play:
- **Current Move:** XRP is pushing upward within Wave B, teasing bulls with promises of a fresh peak.
- **Correction Looms:** After the over-high, an anticipated drop is in the cards—namely, a Wave C move targeting the 50% Fibonacci retracement. This corrective wave could offer nimble short-sellers a prized entry.
- **Major Upside Awaits:** But don’t blink! Once the pullback runs its course, the analysis projects a surging Wave 5, aiming for an ambitious 4.4 mark—a move that could set the market alight and launch new bullish momentum.
With Fibonacci levels and Elliott Wave theory lining up, XRP’s price action is anything but boring. Whether you’re a day trader or a long-term bull, this technical outlook demands your attention—XRP’s next big move might be just minutes away!