ย
Based on the Elliott Wave structure visible in your XRP/USDT daily chart, here's a future price prediction analysis using standard Elliott Wave Theory:
From the chart:
You appear to have completed a 5-wave impulse pattern up to ~4.00 USDT.
After a peak, there is now a sharp retracement, likely initiating a corrective wave (ABC).
This suggests:
Wave 1 to 5 was a bullish move from around ~1.00 USDT to ~4.00 USDT.
A Wave A correction may be underway now.
This will likely be followed by:
a Wave B (short-term bounce), then
a Wave C (deeper retracement) before new upward trend resumes.
Wave | Type | Estimated Target (based on Fibonacci + Chart levels) |
---|---|---|
A | Sharp drop | โ Already in progress; likely to settle around 2.69โ2.49 USDT |
B | Bounce | Likely up to 3.10โ3.25 USDT (but weaker than previous high) |
C | Final drop | May fall to strong support zone 2.20โ2.00 USDT (near POC) |
After this ABC completes, a new impulse Wave 1 of a larger degree might begin if XRP fundamentals and macro remain positive.
If XRP respects the 2.20โ2.00 support range and shows accumulation:
New Wave 1-5 projection (next cycle):
Wave 1: 3.20 USDT
Wave 2: retrace to 2.80
Wave 3: breakout to 4.50โ5.00 USDT
Wave 4: pullback to ~4.00
Wave 5: final move to 5.50โ6.00 USDT
๐ This would be medium-term (2โ6 months) if macro sentiment stays bullish and BTC doesn't collapse.
Level | Type |
---|---|
4.00โ4.50 | Major Resistance |
3.25 | Local Resistance |
2.69โ2.49 | Short-term Support |
2.20โ2.00 | Strong Demand / POC |
If XRP breaks below 2.00 USDT with volume, then Elliott count may need to be re-evaluated, and bearish structure may take over.
This entire prediction is valid only if XRP holds above the POC zone (around 2.00).