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🪙 Asset Overview – Ripple (XRP)
🎯 Target 1: 2.21
🎯 Target 2: 2.18
While XRP still holds strong long-term bullish potential,
our current wave count suggests that the 5th wave has completed (confirmed),
indicating a possible entry into a corrective downward phase.
📉 Supporting this view:
The length of the 5th wave is structurally similar to that of the 1st wave,
which technically suggests that XRP may now be entering a retracement zone.
For futures traders, this could be a good opportunity to consider short-position strategies in anticipation of a short-term decline.
**Boosts motivate SEOVEREIGN to analyze more assets.
**Our team regularly publishes analysis reports on the cryptocurrency market.
🪙 Asset Overview – Ripple (XRP)
🎯 Target 1: 2.21
🎯 Target 2: 2.18
While XRP still holds strong long-term bullish potential,
our current wave count suggests that the 5th wave has completed (confirmed),
indicating a possible entry into a corrective downward phase.
📉 Supporting this view:
The length of the 5th wave is structurally similar to that of the 1st wave,
which technically suggests that XRP may now be entering a retracement zone.
For futures traders, this could be a good opportunity to consider short-position strategies in anticipation of a short-term decline.
Note
1tp hit
Trade closed: target reached
ALL TP HIT!!
Note
[Explanation]The bounce seems to have started at 2.12 USDT. It makes sense to start counting from here.
If we apply Fibonacci extension to Wave 1, we can see that Wave 3 touches the 1.272 level—
not perfectly, but close enough. So it's reasonable to consider this the end of Wave 3.
That would naturally make the following corrective move Wave 4.
The shape is clean and typical, so there’s no major issue accepting it as such.
Now we need to identify where Wave 5 ends.
This part is a bit tricky, so I’ll refer to the possible candidates as X and Y.
There are quite a few Fibonacci extension levels for determining the end of Wave 5,
so instead of going through all of them, I’ll just show you the most likely answer.
It aligns with the 1:1 extension of Wave 1, so we can assume that X marks the end of Wave 5.
After that, the following waves can be counted as shown below.
The structure of Waves 3 and 5 also holds up well, so this count looks valid.
That wraps up this explanation.
Thanks for reading.
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🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
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.
🌐서버린 공식 pc웹
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
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.