XRP Rebound Misses Expected Five-Wave Advance in Chart Analysis
Photo: TokenPost
XRP’s rebound did not complete an expected five-wave advance. A three-wave rebound would indicate a weaker recovery under the Elliott Wave framework. On a one-hour XRP/USD chart, XRP was at $1.32082, near the 61.8% Fibonacci retracement at $1.30928. It marked $1.29295, $1.28590 and $1.27705 as nearby levels, $1.25 as another key zone, and $1.21237 to $1.10623 as a broader support area. Holding above nearby Fibonacci levels would help sustain the recovery, while a drop below them could expose XRP to further losses. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
