$XRP | Elliott Wave + Fibonacci Confluence Analysis
XRP is approaching a critical inflection point on the weekly timeframe â one that could define the next macro leg of the cycle.
From a structural perspective, price action since the 2022 low continues to respect a developing macro impulse, with XRP now appearing to be in the late stages of Wave (4).
And this is where things get interesting đ
đ§ Wave (4): Textbook Behaviour
The ongoing pullback is unfolding as a corrective, overlapping structure, which is exactly what we expect from a fourth wave. No impulsive downside, no panic selling â just controlled digestion after a strong advance.
More importantly, price is currently holding inside the high-probability Fibonacci support zone:
0.5 retracement (HWB)
0.618 retracement (Golden Zone)
This zone has historically acted as a launchpad for Wave (5) in clean Elliott structures â and XRP is respecting it so far.
đ Why This Level Matters
Wave (4) corrections are designed to:
Reset momentum
Shake out weak hands
Prepare the market for trend continuation
As long as XRP defends this Fib cluster, the bullish macro count remains intact.
This isnât just technical â itâs market psychology. Smart money typically accumulates during Wave (4), not at the top of Wave (5).
đ Wave (5) Targets: Where Can XRP Go?
If support holds and momentum expands, the next impulsive leg (Wave (5)) opens up:
đŻ Primary target: ~$4.50
(0.236 macro retracement alignment)
đ„ Extension scenario: $6.00+
(If momentum, volume, and sentiment accelerate together)
This would mark a decisive breakout phase, not a grind.
â ïž Invalidation & Risk Scenario
No analysis is complete without risk.
A clean weekly breakdown below the highlighted support would:
Invalidate the preferred Wave (4) count
Signal an extended correction
Expose downside toward $0.35â$0.30
That would imply the market needs more time, not more upside â at least temporarily.
đ§ Final Takeaway
This is a binary zone:
â Hold above support â Wave (5) continuation toward new cycle highs
â Lose support â Deeper corrective leg before the next opportunity
The chart is clear. The market will decide.
Smart traders donât predict â they react to structure.
