🚨 XRP Update! 🚨
Not much has shifted in the last day, but we should expect a larger move today or tomorrow to confirm the direction. As time goes by, I’m growing more confident in the E wave targeting the bottom support at $2.08, which will creep up with time...
This E wave down aligns closely with #BTC forming a C wave down, adding confluence to the analysis. The top trendline was recently tested and met with resistance. Also, the RSI is forming a bearish trend, indicating downside momentum is building.
For now, the $2.60 extension is not invalidated. #XRP remains within bullish retracement levels, hovering just below a 0.118 retrace. but if we reach that level, I’d expect a strong rejection with price retracing back inside the triangle formation for the candle close.
As it stands, indications suggest we’ve completed our D wave top and are moving towards the E target in 5 waves down. I will update as soon as we get more clarity!
@MAD_Skeetles Thank you! Honestly, just lots of long nights nerding out on TA! I'm starting a private community soon... You should consider joining. Going to start from the very beginning- step by step ! 😊
@CasiTrades@FMellaart36744 Gotcha. And when do you anticipate it to start heading down to the $2.10 range? Not holding it against you just curious to know
🚨 XRP Market Update! 🚨
#XRP faced a sharp rejection at $2.50 the top TL, but D is NOT confirmed complete, yet!
At the moment, $XRP is in a challenging spot for analysis:
🟢It hasn’t yet hit the 5th wave target around $2.60, which remains valid due to the shallow retrace so far. The RSI has also flipped R into S, so $2.60 is definitely still in play!
🔴A break below the 0.382 retrace level at $2.32 would provide stronger confirmation that the D wave is complete.
Looking ahead to the E wave:
🟣#XRP should test the bottom trendline for E, currently around $2.08. This level will climb higher as time progresses.
🟣The apex of the triangle, located at $2.30, is a significant support zone. A break below this level would strongly indicate we’re heading toward $2.08.
It’s an unclear moment in the market, with larger resistances at $2.50 and $2.60 and key supports at $2.30 and $2.08.
Personally, I’m eyeing $2.30 and $2.08 as my next buy zones. Take a moment to realize how close to the end of this correction we are! 👀🚀
XRP Update! 📈
I believe #XRP is still in early W3. I know price action has been quiet, but the bullish structure remains valid!
Support Levels to Watch 👀
On the 4-hour RSI, there’s still a bit of room to reach the support trendline. 🚨Testing our key support levels at $2.53 and $2.48 could happen in the short term. These levels are critical to maintain for bullish continuation, so they’re worth keeping a close eye on!
Confirmation of Wave 3
For wave 3 to confirm its upward continuation, $XRP needs to break above the previous local high of $2.90. Until a new high is made, the price is technically still in a corrective phase. This is normal PA at the moment, but breaking that local high will be a strong signal that we’re moving toward our larger targets!
Wave 3 Targets
Here’s a reminder of the key wave 3 targets we’re watching:
📍 1.618: $3.23
📍 2.618: $3.81
📍 3.618: $4.40
📍 4.618: $4.98
Big Picture Perspective
The subwaves look messy right now, so I’ve zoomed out to the 4-hour chart for a better perspective. We’ve been analyzing these short-term movements, but remember that smaller waves can be less reliable than the larger degree waves. The bigger picture is still bullish as long as support holds! 🚀
A thread 🧵
For those inquiring about how to access your $FLR that will be airdropped to you from being claimed using your Ledger during the snapshot.
1. Add Flare Network on MM🦊 (Example)
2. Then click connect Ledger
3. Add whatever account(s) you used to claim the airdrop
As we get closer to the $FLR distribution and the subsequent $DFLR airdrop, we wanted to provide some security guidance to help you safeguard yourself and your assets from common avenues of attack.
flrfinance.medium.com/security-41a52…