XRP Shares!!!!!

On the 4-hour chart, XRP appears to have completed a 5-wave structure, potentially marking the end of the second corrective wave in the Elliott Wave pattern.

🔍 A key trendline resistance (circled on the chart) is under close observation. A breakout above this level could signal the start of bullish momentum and offer a strong opportunity to enter a long position.

📈 Trade Plan

Entry: Enter a market buy after a confirmed breakout above the trendline resistance, ideally supported by a break above the previous high.

Stop-Loss: Set just below the low of Wave 5.

Take-Profit:

TP1: Revisit of the previous high.

TP2: Target zone at 2.65–2.50.

⚠️ Important: Do not enter before the breakout is confirmed with momentum.

This setup is grounded in traditional Elliott Wave Theory, aligning with price structure, momentum shifts, and breakout principles. Keep a close eye on price action for confirmation.

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