XRP is currently developing a complex Wave 4 correction within a larger impulsive structure.
The internal structure of Wave 4 is unfolding as a W–X–Y correction, where the final leg (Y) is forming as an A–B–C pattern, and the C-wave is nearing completion.
Key Technical Observations
Fibonacci Cluster Confluence
The retracement of Wave 1 → Wave 3 aligns with the 61.8%–78.2% Fibonacci zone, which also matches:
The W–X–Y termination area
A–C extension levels
Higher timeframe liquidity support
This confluence creates a high-probability reaction zone.
Impulse Structure Validation
According to Elliott Wave guidelines:
Wave 4 is allowed to form complex corrections (WXY).
A single liquidity sweep below the WXY low is acceptable.
Sustained price acceptance below the Fibonacci cluster would invalidate the impulsive structure.
Critical Price Level
The $1.50 region is the key decision zone:
Above $1.50 → Wave 4 remains valid, and Wave 5 expansion becomes probable.
Below $1.50 (with strong acceptance) → Impulse failure scenario, signaling a larger corrective cycle.
The internal structure of Wave 4 is unfolding as a W–X–Y correction, where the final leg (Y) is forming as an A–B–C pattern, and the C-wave is nearing completion.
Key Technical Observations
Fibonacci Cluster Confluence
The retracement of Wave 1 → Wave 3 aligns with the 61.8%–78.2% Fibonacci zone, which also matches:
The W–X–Y termination area
A–C extension levels
Higher timeframe liquidity support
This confluence creates a high-probability reaction zone.
Impulse Structure Validation
According to Elliott Wave guidelines:
Wave 4 is allowed to form complex corrections (WXY).
A single liquidity sweep below the WXY low is acceptable.
Sustained price acceptance below the Fibonacci cluster would invalidate the impulsive structure.
Critical Price Level
The $1.50 region is the key decision zone:
Above $1.50 → Wave 4 remains valid, and Wave 5 expansion becomes probable.
Below $1.50 (with strong acceptance) → Impulse failure scenario, signaling a larger corrective cycle.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.