Yes

>>Analyst says the XRP bounce has ended, and the genuine breakout is still yet to occur.

Analyst says the XRP bounce has ended, and the genuine breakout is still yet to occur.

crypthub

about 3 hours ago

Technical Outlook and Wave 2 Completion

Analysts see XRP entering a decisive phase as market momentum shifts after a brief rebound. The recent price action matches an Elliott Wave pattern, marking the end of a corrective phase. XRP’s price retraced to the 0.618 Fibonacci level near $1.39, confirming Wave 2’s completion and setting up bearish expectations.

Projected Wave 3 Decline

Wave 3 is typically the strongest move in an Elliott sequence, and projections target the 0.786 retracement around $1.09. The analysis suggests a rapid, accelerated drop toward this zone, backed by a descending channel and supportive trendlines. RSI signals a temporary strength that often precedes such decisive moves.

Key Levels and Risk Notice

Immediate resistance lies between $1.37 and $1.40 (0.5‑0.65 Fibonacci), while a break below $1.30 would reinforce bearish momentum. The primary downside support target is near $1.09, where price may stabilize before the next cycle. This content is for informational purposes only and not financial advice; readers should conduct their own research.