XRP Price Ready to Rally $5 After 50% Retrace Pass $2.6
XRP price don recover pass $3 but e still dey vulnerable as sellers dey linger. According to one analyst from More Crypto Online wey use Elliott Wave Theory, the recent fall na corrective wave 4 retracement near 50% level around $2.6. If dis support hold and the pullbacks still dey corrective, the analyst dey expect powerful wave 5 surge wey fit push XRP price go the $5 target—almost double di current level. But if e break below $2.6, e go kill the bullish scenario and fit make market drop by at least 10% to $2.21. Traders suppose dey watch di $2.6 support well: di strength go determine whether XRP go start im next bullish movement or go enter deeper correction.
Bullish
Di way dia fokas na di finish correction for wave 4 and di chance say di fifth wave go push XRP price go $5 shows say di market dey bullish. Historical Elliott Wave patterns dey show say wave 5 normally dey pass previous high when di corrective waves hold key support levels. For dis case, di $2.6 support dey act as di pivot: if e hold above am, e go keep di bullish structure, but if e tear break, e mean say deep downturn dey come. Short-term traders fit use di momentum if di $2.6 level hold, dem fit expect quick rally. Long-term investors fit see dis setup as confirmation say di uptrend don resume, as long as di corrective phase no turn to extended bearish impulse.