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Add as a preferred source on GoogleXRP Rebound Misses Expected Five-Wave Advance in Chart Analysis
A one-hour chart marked the 61.8% retracement at $1.30928 and broader support between $1.21237 and $1.10623.
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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
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.