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xrp can reach 3.8 - $4
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alcotra
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XRP D1 Analysis: Potential 5-3-5 Zig Zag Pattern with Impulse Likely at the End On the D1 timeframe, XRP appears to be forming a B Flat Wave pattern, with Wave A completed and Wave B currently in progress. The retracement from the starting point to Wave A’s endpoint has not yet reached the key 0.618 Fibonacci level, suggesting further corrective movement before the trend resumes. This structure may be developing as a 5-3-5 Zig Zag, where Wave C could unfold impulsively after Wave B concludes. Traders should monitor whether Wave B reaches the expected Fibonacci levels, as the completion of this corrective phase may signal a stronger, more impulsive move in Wave C. In summary, XRP is likely following a 5-3-5 Zig Zag pattern, and traders should stay alert for confirmation before making any decisions. $XRP #BinanceAlphaAlert #Binance
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First Chart Analysis: ABC Pattern The first chart shows the corrective wave pattern (A), (B), (C): 1. Wave (A): The initial bullish movement reflects positive sentiment towards XRP. 2. Wave (B): A correction occurs towards the Fibonacci retracement area of 0.5 (164.76 B) to 0.618 (157.53 B). This correction provides a strong base for the next upward movement. 3. Wave (C): The next upward wave is projected to reach the 100% Fibonacci extension (241.77 B), which serves as a key resistance target. --- Second Chart Analysis: Strong Wave III In the second chart, XRP enters the impulsive Wave III, which is often the longest and strongest wave in the Elliott Wave theory. 1. Main Target: Wave III is projected to reach the 161.8% Fibonacci extension (349.36 B) after breaking through 100% (264.22 B). 2. Fibonacci Support: XRP is currently at a strong support level around 61.8% (211.59 B), signaling the potential continuation of the bullish trend. --- Conclusion Based on the analysis, XRP has the potential to reach targets between 241.77 B and 349.36 B, aligned with the Elliott Wave theory. However, it is crucial to monitor Fibonacci levels as key support and resistance zones. Use proper risk management strategies before making any investment decisions. $XRP #BinanceAlphaAlert #xrp
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