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Is XRP Heading Higher? Key Levels to Watch Now
In this video I provide an updated Elliott Wave analysis for XRP to determine the potential trajectory of its current counter trend move. I break down the key support and resistance levels that are essential for navigating this volatile price action and explain how to identify a meaningful structure for the next leg higher.
I examine the current wave count and discuss the significance of the $1.04 to $1.11 support zone in maintaining the upward momentum. Viewers will learn how to approach short term rallies within a larger downtrend and why waiting for corrective pullbacks is critical when trading counter trend movements.
Throughout the analysis, I highlight critical Fibonacci resistance zones between $1.25 and $1.42 and discuss the conditions required for a potential C wave to the upside. Whether you are tracking XRP for short term trades or longer term market structure, this outlook provides a step by step guide on how to read the market as it develops.
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