XRP: Ending Diagonal & Final Push ($3.5-$3.8 Target)
Hello TradingView,
My analysis suggests XRP is in its 5th Elliott Wave, unfolding as an Ending Diagonal. This pattern signals a climactic end to the current bullish cycle, often followed by a sharp reversal.
Key Levels:
Target: $3.50 - $3.80 (marked on chart). This aligns with the diagonal's upper trendline and Fibonacci extensions.
Invalidation: $1.5986 (marked in red). A decisive close below this level invalidates the diagonal structure.
Catalysts: Positive SEC lawsuit developments and Spot XRP ETF speculation provide fundamental tailwinds for this final push.
Outlook: Expect a significant correction after this diagonal completes near its target. Monitor $1.5986 closely.
Not financial advice. Trade wisely.
#XRP #Ripple #ElliottWave #EndingDiagonal #Crypto #TechnicalAnalysis #PriceTarget #Invalidation #Reversal #SEC #ETF #Blockchain #MarketAnalysis #Bullish #Altcoin #TradingStrategy
Hello TradingView,
My analysis suggests XRP is in its 5th Elliott Wave, unfolding as an Ending Diagonal. This pattern signals a climactic end to the current bullish cycle, often followed by a sharp reversal.
Key Levels:
Target: $3.50 - $3.80 (marked on chart). This aligns with the diagonal's upper trendline and Fibonacci extensions.
Invalidation: $1.5986 (marked in red). A decisive close below this level invalidates the diagonal structure.
Catalysts: Positive SEC lawsuit developments and Spot XRP ETF speculation provide fundamental tailwinds for this final push.
Outlook: Expect a significant correction after this diagonal completes near its target. Monitor $1.5986 closely.
Not financial advice. Trade wisely.
#XRP #Ripple #ElliottWave #EndingDiagonal #Crypto #TechnicalAnalysis #PriceTarget #Invalidation #Reversal #SEC #ETF #Blockchain #MarketAnalysis #Bullish #Altcoin #TradingStrategy
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.