XRP Elliott Wave: $1.35 Buy Zone & $10 Rally Potential
XRP Elliott Wave analysis shows a stall at the $2.82 resistance, marking a potential Wave 4 peak. Failure to clear this level could trigger a Wave 5 downturn toward the 0.618 Fibonacci zone between $1.35 and $1.46, creating a prime buy zone. Traders should note cross-exchange discrepancies—Binance briefly dipped to $0.77 while Coinbase saw milder losses—and key supports at $2.80 and $2.10 based on volume profile. Conversely, a decisive break above $2.82 would confirm a Wave 3 rally, targeting $6.50 and possibly $10. XRP Elliott Wave traders must watch these zones for strategic entries and risk management.
Bullish
This analysis outlines both the downside risk to the $1.35–1.46 Fibonacci zone and the upside scenario of a Wave 3 rally to $6.50–$10 if resistance at $2.82 breaks. It provides clear thresholds for risk management and entry: the 0.618 retracement as a buy zone and a decisive break above $2.82 to confirm bullish momentum. Short-term correction offers traders a lower entry point, while a sustained break signals medium- to long-term upside, making the overall outlook bullish for XRP.