XRPUSDT: Turning Bullish, Chart Signals +20% Upside PotentialHey Realistic Traders!
Is XRPUSDT Gearing Up for a Major Bull Run or Just Faking Us Out Again? Let’s Break It Down...
XRPUSDT has finally broken out of its bearish channel, and price action is holding strong above that zone. This is a solid indication that bulls are gaining control. Shortly after the breakout, a smaller falling wedge formed, which is typically a bullish continuation pattern.
What adds further interest to this setup is that the falling wedge appears to be developing during what may be Wave 4 of the Elliott Wave cycle. While Wave 4 is usually corrective, it can occasionally take the form of a wedge or triangle-like pattern. If this interpretation holds, it would suggest that a bullish Wave 5 may follow, often the final impulse leg in the trend.
Zooming into the 4-hour chart, a fresh breakout has just occurred, further strengthening the bullish case. Adding to this, the MACD has printed a golden cross, a classic momentum signal that supports the outlook for continued gains.
With all these factors aligning, the first target is set at 2.5454. A minor pullback could occur at that level before price continues its move toward the second target at 2.8535. Both targets have been calculated using Fibonacci extension levels from the current bullish wave.
This outlook remains valid as long as the price stays above the stop-loss level at 2.0355.
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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ripple.
