# XRP Rebound Misses Expected Five-Wave Advance in Chart Analysis

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/39556
Published: 2026-10-24T02:37:46.000Z
Updated: 2026-10-24T02:37:46.000Z
Section: Investing

> A one-hour chart marked the 61.8% retracement at $1.30928 and broader support between $1.21237 and $1.10623.

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.