Looking at the XRP/USDT chart you provided (1D timeframe on Binance), here’s a concise technical analysis breakdown based on visible patterns and indicators:

🔍 Current Price & Trend

• Current Price: $3.5061
• Recent Move: Parabolic surge from ~$2.20 to ~$3.50 (approx. +59% move).
• Trend: Strong bullish momentum confirmed with a clean Elliott Wave 5-wave impulse completion.
• Volume Profile (POC): Major volume concentration (POC) is around $2.1679, which is now strong support.

📈 Key Technical Indicators

1. Elliott Wave Count:
   • Completed a 5-wave impulse (marked in green).
   • Wave 5 has likely peaked (visible at the top-right).
   • Correction (ABC) may follow.
2. Volume Profile:
   • High activity between $2.20–$2.50.
   • Thin volume zone above $3.00 suggests possible quick retracements or low resistance till $4.00 if breakout continues.
3. Support Zones:
   • $3.00 – psychological & breakout level.
   • $2.53 – historical resistance now turned support.
   • $2.17 (POC) – very strong structural support.
4. Resistance Zones:
   • Immediate: Around $3.60–$3.70 (likely wave 5 top).
   • Higher timeframe: Next significant level ~$4.00.

What Might Come Next?

• Short-term: Expect potential profit booking or wave 5 correction (ABC correction toward $3.00–$2.50).
• Medium-term: If support holds, it may consolidate before trying another breakout toward $4.00.

⚠️ Watchlist Levels

Type	Price Level
Strong Support (POC)	$2.1679
Support	$2.53
Current Price	$3.5061
Resistance	~$3.60–3.70
Breakout Target	$4.00+

 

Based on the XRP/USDT daily chart (as of July 20, 2025) and the Elliott Wave structure, here’s the forecast for the upcoming week:

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📉 Short-Term Price Action (July 22–26, 2025)

Trend Bias	Likely Direction	Forecast Range	Notes
📉 Correction	Mild Pullback Expected	$3.15 – $3.35	Profit booking after wave (5); RSI likely overbought
🧭 Re-test Zone	Major Support Check	$2.85 – $3.00	If selling intensifies, look for support zone test
🔁 Consolidation	Possible Sideways Range	$3.20 – $3.50	If sentiment stays strong, tight consolidation likely

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🧠 Technical Basis

• Wave (5) Completion: Strong 5-wave rally has likely ended at $3.53.
• Next Expected Move: ABC correction — initial drop (A) already began.
• High Volume Node (POC): $2.1679 is the major structural support, but unlikely to be hit in 1 week unless breakdown accelerates.
• RSI / Momentum: Overheated; may push short-term traders to exit positions.

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🟢 Bullish Scenario

• XRP holds above $3.20, buyers defend support.
• Minor pullback followed by another run-up attempt to $3.80–$4.00.
• This would confirm wave extension (wave 5 not done yet).

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🔴 Bearish Scenario

• XRP breaks below $3.00 convincingly.
• Momentum sellers push price toward $2.70–$2.50 (Wave 4 top = key support).
• May trigger deeper retracement to $2.20 POC zone.

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⏳ Watch These Levels

Key Level	Importance
$3.53	Wave (5) high – resistance
$3.00 – $3.20	Weekly support zone
$2.53	Strong structural support
$2.17 (POC)	Macro support floor