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Crypto King 77
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never short in bullish market
Ibrahim_Almezoghi
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$XRP any suggestion please ?
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$TRUMP The broader structure indicates that a decisive breakout above $41.70 (wave iii peak) could lead to further gains, while failure to hold above $39.78 (0.236 retracements) may invalidate the bullish outlook. This also applies if the price makes a breakout below the ascending trendline, which would diminish the likelihood of the scenario of a starting five-wave impulse from its recent low. The projected wave (v) is expected to target the 0.786 Fibonacci extension at $45.27, as the ending wave should come slightly shorter that its wave (iii). Further potential to reach $53.57 (1.618 extensions) would be possible after the first correction in a new bullish phase to approximately $36 area. A bearish divergence on the RSI hints at a possible short-term pullback after wave (v) completion, before the next upward move, further confirming our projection. Alternatively, a failure to sustain momentum above $42.42 could lead to an extended corrective pattern, potentially falling below $36 and signaling more downside ahead as in that case, we could have likely seen a three-wave upward correction instead of the now projected five-wave impulse. Key Levels to Watch Immediate Resistance: $42.42 Key Resistance: $47.40, $50.12. Critical Resistance: $53.57 Immediate Support: $39.78. Key Support: $37.43. Critical Support: $30.37. Short-Term Target: $50.12 to $53.57 if momentum sustains. Invalidation Zone: Below $37.43, signaling potential deeper correction.
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