📊 On the XRP chart, the completion of the corrective wave and the formation of a potential bottom in the range of 1.30–1.60 is observed.
❗️ This is the area where there was previously volume and from where the price has a chance to start a new rise. Currently, the price is 'stuck' in a range, and many participants are either exiting or waiting. It is exactly in such moments that entry points with good potential are formed.
✅ If the scenario plays out, the next impulse could drive the price to levels above 5.4, as seen on both charts. So far, everything fits into the Elliott wave theory — wave IV is almost complete, and a potential V is on the horizon.
❗️But it is important to understand: confirmation is a breakout of the upper boundary of the triangle.
