Yo, the market expert *Dark Defender* has flagged that *$XRP * has completed *WaveāÆ4* of the Elliott Wave pattern and is gearing up for a *>200%* surge in *WaveāÆ5*. Hereās the breakdown straight from the analystās technical playbook.
š Elliott Wave Analysis on XRP
1. *WaveāÆ4 completion*: Dark Defender marked the finish of WaveāÆ4 at *$1.88*, confirming WaveāÆC of the monthly correction.
2. *Wave structure*:
- *WaveāÆA*: $1.60 (April).
- *WaveāÆB*: $3.66 (July).
- *WaveāÆC*: dropped to $1.88, bouncing off the support zone *$2.2222 ā $1.8815*.
3. *Next target*: WaveāÆ5 aims for *$5.85*, a *207%* jump from the current price of *$1.88*. Some projections even eye *$10* in the long run using Fibonacci extensions (261.80% & 361.80% levels) Ā¹ Ā² Ā³.
š” Key Technical Levels & Insights
- *Support*: $1.88 (tested & held) and $2.2222 (critical structural support).
- *Fibonacci retracement*: WaveāÆ4 corrected to the *70.2%* Fib level near $1.90ā$2.00, keeping the bullish trend intact.
- *Market sentiment*: Analyst urges to *ignore FUD* and focus on the Elliott Wave momentum.
- *Current price*: XRP trades at *$1.92* (latest Finnhub data), down 5.6% daily, 8% weekly, and 16% monthly ā“.
šØ What This Means for Traders
1. *Bullish setup*: Completion of WaveāÆ4 suggests a strong *impulsive WaveāÆ5* ahead, targeting $5.85 (shortāterm) and potentially $10 (longāterm).
2. *Volatility*: XRP is in a highāvolatility phase ā expect sharp moves around support/resistance zones.
3. *Action tips*:
- Watch the *$1.88ā$2.22* support zone for bounce confirmation.
- Set entry for long positions if XRP breaks above *$2.85* (intermediate resistance).
- Use tight stops below $1.80 to manage risk in the volatile market.
š Additional Perspectives
- Some analysts also project XRP hitting *$10+* based on multiāstage Elliott Wave breakouts and Fibonacci extensions, aligning with historical bullāmarket cycles.
- Regulatory clarity (e.g., Rippleās SEC case) could boost institutional interest and amplify the technical rally Ā² Ā³.
š¬ Your Next Move?
Do you want to dig deeper into *trade setups* for XRP targeting $5.85 (entry/exit points, risk management), or are you looking for *macro insights* on how regulatory news might affect the Elliott Wave outlook? š¤š
