$XRP

XRP Price Analysis

On the 4-hour chart, XRP has been undergoing an extended corrective phase following its peak at $2.90 in December. The price action has been structured within a complex Elliott Wave pattern, forming an extended WXY correction. This structure saw XRP attempting a recovery rally in mid-January, making a higher high at $3.40 before succumbing to a sharp retracement, ultimately setting a lower low of $1.77 on February 3. However, strong demand emerged at this level, driving a sharp recovery and leaving a 26% wick on the 4-hour candle as the price closed above $2.25