XRP Confirms Strength With Solid $3 Support Retest Is the Next Leg Up?

XRP is holding strong even after a rough week in the crypto market where it lost around 6.74%. But hereโ€™s the good news after dipping to the $3.00 support zone XRP bounced back showing solid strength and potential for the next move up. ๐Ÿš€

๐Ÿ“Š Bulls Still Have the Upper Hand

Last week XRP struggled to stay above $3.21 and slipped back. But it didnโ€™t crash instead it found solid ground around $3.00 and started to recover. According to Elliott Wave Theory this could actually be part of a bullish setup.

๐Ÿ“ˆ Wave 3 Might Be Loadingโ€ฆ

In Elliott Wave Theory markets move in 5 waves and right now XRP may be entering Wave 3 which is usually the biggest and most powerful upward move.

Wave 1 was the initial rise Wave 2 was the recent correction and now if bulls hold $3.00 support Wave 3 could take us flying! ๐Ÿš

๐ŸŽฏ Key Levels to Watch:

Short term target: $3.21 a key resistance

Main goal: $3.82 based on the 2.618 Fibonacci extension (and also XRPโ€™s all time high on several exchanges)

If XRP can clear $3.21 and stay strong Wave 5 could even take it into uncharted territory. ๐Ÿ’ฅ

So yeah the setup looks exciting XRP might just be gearing up for a big move. Let us see if the bulls can follow through! ๐Ÿ‚๐Ÿ“ˆ

#xrp #CryptoUpdate #ElliottWave #AltcoinSeasonCominig $XRP #BullishVibes