XRP Elliot wave analysis
This chart presents an Elliot wave count for XRP/USD on the daily timeframe. The initial strong move has been labeled as wave (1), followed by a corrective wave (2). The primary and secondary counts suggest that we might be in the early stages of a powerful wave (3). The count is broken down as follows: Wave (1): Initial impulse. Wave (2): Corrective phase, completing as an ABC. The structure looks solid. Wave (3) : A smaller degree 1-2 sequence appears to have formed, and a breakout here would confirm the impulsive nature of a larger wave 3. Invalidation level 0.97 Remember to consider alternative counts and manage risk appropriately. This analysis is for informational and educational purposes only. It is not financial or trading advice. Cryptocurrencies are volatile and carry high risk. Always do your own thorough research before making any investment decisions. I am not a financial advisor. Previous performance is not indicative of future results."
