XRP/USD Analysis – Bullish Elliott Wave 5 Expansion🚀 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! 🔥
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