🚀 XRP/USD – Bullish Elliott Wave 5 Expansion 🚀
📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI
XRP is currently in a Wave 4 corrective phase, setting up for a Wave 5 expansion. If XRP maintains key support levels and breaks above resistance, we could see a strong bullish move toward $10.45 and beyond.
📊 Elliott Wave & Fibonacci Analysis
XRP's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next bullish price targets are:
✅ Fib 0.382 (~$4.60 USD) – Initial target, a breakout here confirms strong bullish momentum.
✅ Fib 0.618 (~$8.75 USD) – Mid-term bullish target, aligning with previous resistance zones.
✅ Fib 1.236 (~$10.45 USD) – Key breakout level for an extended Wave 5 rally.
✅ Fib 1.618 (~$14.99 USD) – Ultimate Wave 5 expansion if bullish momentum continues.
✅ Fib 1.618 Extended (~$31.56 USD) – Parabolic target if XRP enters a strong breakout cycle.
🔹 Key Support Levels
🟢 $2.03 USD (Fib 0.236) – Support
🟢 $1.47 USD (Fib 0.382) – Deeper retracement support.
🟢 $1.14USD (Fib 0.5) – Must hold for the bullish structure to remain valid.
🔹 Key Resistance Levels
🚀 $3.99 USD – Crucial breakout zone.
🚀 $5.05 USD – First major Wave 5 target.
🚀 $8.75 USD – Strong resistance and Fib 0.618 level.
🚀 $10.45 USD – Breakout confirmation of Wave 5 expansion.
📉 MACD & RSI Confirmation
📊 MACD Analysis:
✅ Bullish Crossover – MACD lines show a strong momentum shift.
✅ Increasing Histogram – Indicates rising bullish pressure.
⚡ RSI Strengthening:
✅ Currently ~77 RSI – Entering strong bullish territory.
✅ Above 60 RSI – Momentum shift confirmed, but a short-term pullback is possible before further gains.
📊 Volume Analysis & Market Structure
📌 Current Volume:
🔹 Volume is increasing, confirming strong buyer interest.
🔹 A spike in buy volume above $3.99 USD will confirm a breakout toward $5.05 USD.
🚦 Market Structure Confirmation:
✅ Higher lows forming – Bullish structure intact.
✅ Breakout above $3.99 USD + volume spike = Strong Wave 5 rally potential.
✅ Bullish Trade Plan
🔹 Entry Trigger: Breakout above $3.99 USD with volume confirmation.
🎯 Take Profit 1: $5.05 USD (Fib 0.382)
🚀 Take Profit 2: $8.75 USD (Fib 0.618)
🌕 Take Profit 3: $14.99 USD (Fib 1.618)
🛑 Stop-Loss: Below $1.14USD (Fib 0.5)
💡 Conclusion & Market Sentiment
🔹 XRP is approaching a key resistance zone at $3.99 USD.
🔹 A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting $8.75 USD and beyond.
📢 Market sentiment remains strongly bullish.
✅ If XRP holds above $1.14 USD, the bullish wave structure remains intact.
✅ MACD & RSI confirm strong momentum, but volume confirmation is needed.
✅ Watch for a volume breakout above $3.99 USD before entering a trade.
📢 What’s your XRP price target? Comment below! 🔥
📈 Like & Follow for More Crypto Analysis! 🚀
📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI
XRP is currently in a Wave 4 corrective phase, setting up for a Wave 5 expansion. If XRP maintains key support levels and breaks above resistance, we could see a strong bullish move toward $10.45 and beyond.
📊 Elliott Wave & Fibonacci Analysis
XRP's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next bullish price targets are:
✅ Fib 0.382 (~$4.60 USD) – Initial target, a breakout here confirms strong bullish momentum.
✅ Fib 0.618 (~$8.75 USD) – Mid-term bullish target, aligning with previous resistance zones.
✅ Fib 1.236 (~$10.45 USD) – Key breakout level for an extended Wave 5 rally.
✅ Fib 1.618 (~$14.99 USD) – Ultimate Wave 5 expansion if bullish momentum continues.
✅ Fib 1.618 Extended (~$31.56 USD) – Parabolic target if XRP enters a strong breakout cycle.
🔹 Key Support Levels
🟢 $2.03 USD (Fib 0.236) – Support
🟢 $1.47 USD (Fib 0.382) – Deeper retracement support.
🟢 $1.14USD (Fib 0.5) – Must hold for the bullish structure to remain valid.
🔹 Key Resistance Levels
🚀 $3.99 USD – Crucial breakout zone.
🚀 $5.05 USD – First major Wave 5 target.
🚀 $8.75 USD – Strong resistance and Fib 0.618 level.
🚀 $10.45 USD – Breakout confirmation of Wave 5 expansion.
📉 MACD & RSI Confirmation
📊 MACD Analysis:
✅ Bullish Crossover – MACD lines show a strong momentum shift.
✅ Increasing Histogram – Indicates rising bullish pressure.
⚡ RSI Strengthening:
✅ Currently ~77 RSI – Entering strong bullish territory.
✅ Above 60 RSI – Momentum shift confirmed, but a short-term pullback is possible before further gains.
📊 Volume Analysis & Market Structure
📌 Current Volume:
🔹 Volume is increasing, confirming strong buyer interest.
🔹 A spike in buy volume above $3.99 USD will confirm a breakout toward $5.05 USD.
🚦 Market Structure Confirmation:
✅ Higher lows forming – Bullish structure intact.
✅ Breakout above $3.99 USD + volume spike = Strong Wave 5 rally potential.
✅ Bullish Trade Plan
🔹 Entry Trigger: Breakout above $3.99 USD with volume confirmation.
🎯 Take Profit 1: $5.05 USD (Fib 0.382)
🚀 Take Profit 2: $8.75 USD (Fib 0.618)
🌕 Take Profit 3: $14.99 USD (Fib 1.618)
🛑 Stop-Loss: Below $1.14USD (Fib 0.5)
💡 Conclusion & Market Sentiment
🔹 XRP is approaching a key resistance zone at $3.99 USD.
🔹 A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting $8.75 USD and beyond.
📢 Market sentiment remains strongly bullish.
✅ If XRP holds above $1.14 USD, the bullish wave structure remains intact.
✅ MACD & RSI confirm strong momentum, but volume confirmation is needed.
✅ Watch for a volume breakout above $3.99 USD before entering a trade.
📢 What’s your XRP price target? Comment below! 🔥
📈 Like & Follow for More Crypto Analysis! 🚀
Disclaimer
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.
Disclaimer
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.