📊 XRP Long-Term Technical Analysis – Key Levels to Watch 📊

XRP appears to be nearing the end of its Wave 4 correction, setting the stage for its next major move. Here’s a breakdown of critical levels and scenarios:

Key Levels and Scenarios:

Critical Level: A break above $2 would invalidate the current triangle pattern, signaling a stronger bullish trend.

Alternative Scenario: If Wave 4 bottomed in 2020, XRP could now be forming an ending diagonal in Wave 5.

Support Levels: $1.28–$1.39 in the short term, with $1.26 serving as a potential breakout signal.

Resistance Levels: $1.67 is the short-term target for bullish momentum.

Market Dynamics:

If support levels hold, XRP could gain short-term bullish momentum, potentially forming a 5-wave move within the current rally.

A break below $1.28, however, may signal a deeper Wave 4 correction, prompting caution among traders.

Stay vigilant and monitor these key levels to align your strategy with XRP’s next big move!

$XRP