Analysis:
XRP is currently trading around $2.80, right at a critical support level. The chart highlights a 5-wave Elliott structure, with the recent wave (5) completing near resistance. Price action is now consolidating in a key demand zone around $2.80 – $2.90.
If the support holds, we could see a bullish reversal with potential upside toward $3.18 resistance.
However, if the support breaks, a sharp decline toward $2.50 is likely, as indicated by the downside projection arrow.
The 9-period SMA ($2.81) is also being tested, which adds to the short-term pressure.
📌 Conclusion: XRP is at a decision point — holding above support could fuel a bounce, but a breakdown signals further bearish momentum toward $2.50.
XRP is currently trading around $2.80, right at a critical support level. The chart highlights a 5-wave Elliott structure, with the recent wave (5) completing near resistance. Price action is now consolidating in a key demand zone around $2.80 – $2.90.
If the support holds, we could see a bullish reversal with potential upside toward $3.18 resistance.
However, if the support breaks, a sharp decline toward $2.50 is likely, as indicated by the downside projection arrow.
The 9-period SMA ($2.81) is also being tested, which adds to the short-term pressure.
📌 Conclusion: XRP is at a decision point — holding above support could fuel a bounce, but a breakdown signals further bearish momentum toward $2.50.
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I am going sell on xrp
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Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.