$XRP on the Edge — Breakout or Breakdown?
XRP has confirmed a major Wave 3 move, signaling bullish momentum as the market rebounds. But now all eyes are on the next key level: $3.13 — the critical resistance that could decide what comes next. 📈📉
What the Charts Are Telling Us:
Wave 3 Target Hit:
XRP surged past the $3.01–$3.07 range, hitting the 3rd wave target on Tuesday. Historically, this is where Wave 4 (a corrective phase) begins — giving bulls a chance to regroup.
Wave 4 = Potential Pullback:
If the pattern holds, a short-term dip could follow, with the next key support around $2.74. This aligns with critical Fibonacci levels that traders are watching closely.
Breakout Scenario — Eyes on $3.13:
A clean breakout above $3.13 would invalidate the bearish wave count and could trigger a powerful Wave 5 rally — often the most explosive phase in Elliott Wave theory.
Rejection Risk:
If XRP fails to clear $3.13, expect an E Wave correction, possibly sending prices lower before bulls return.
