XRP Predictions: Will the Bite Be Worse Than the Sting?

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It has come to the attention of the esteemed Charting Gentleman, who tirelessly plumbs the depths of coinage patterns, that the daily chart of XRP is, indeed, a most intriguing case of Elliott Wave study. With a penchant for accuracy and speculative musings, he proclaims-the latest of rebound a mere corrector bold, as opposed to one of impulse-that henceforth, the coin’s fortunes may well gravitate towards the lower regions observed in August. “The ascent from $2.72 to $3.38 last August,” says he, “was naught but a three-wave corrective course, unlike the others’ five-wave impulsive skies. Thus, we must brace ourselves, for B we have visited and towards profounder C-waves we are bound!”

The XRP Sojourn Yet Thwarted

The annotated parchment before us displays a fledgling sequence of five waves; with waves one and two deftly complete in May and June, a vertical ascendica into mid-July, and now a sequence of A-B-C that awaits to conclude wave 4. The impetuous journey began at the third wave’s zenith, proceeds to a B-wave recovery reaching $3.40, and is poised to descend. As is to be expected, the Fibonacci arrangement remains queen on this chart, delineating the levels one might take arms against in their trading pursuits. Notwithstanding, at the moment of observation, the XRP found itself about $3.02881, caught betwixt the bands of 0.786 and 0.888 retracements.

The scaffold of Fibonacci festoons the chart as a roadmap of sorts; retracement and extension form: 0 finds itself at $1.61184, 0.136 ventures towards $1.78405, while 0.236 further bounds to $1.92231. A procession continues through 0.382 reaching $2.14363, half there at $2.34100, later at 0.618 nearing $2.55653, and on to 0.702 at $2.72195. Swiftly does one traverse to 0.786 at $2.87293 and 0.888 at $3.1273, concluding the journey at 1.000 above at $3.4000.

A divergence above the former pinnacle illuminates the likely path of a wave-5 run, marked most diligently at 1.272 ($4.16533), 1.414 ($4.63105), and a daring 1.618 ($5.39272). The B-wave’s halt faltered miserably below the obstinate resistance at $3.1273-$3.4000 (0.888-1.000), suggesting that this resistance must be cleared, indeed, vanquished, to ascertain a complete correction.

Contrarily, the designated terminus for the C-wave finds anchorage through an assembly at 0.786-0.702-0.618 aligning at $2.87293 / $2.72195 / $2.55653, with the momentous August pivot boldly indicated around $2.72.

A magenta trendline, descending from the apex of wave-3, judiciously bisects this A-B-C saga, thus directing the price on a projected trajectory which meets at a “4” before gallantly rising. The terminal “5” is stationed near the magnanimous 1.414 extension at $4.63105, suggesting a conservative aim by the gentleman’s own admissions, while 1.618 at $5.39272 generously suggests an embellishment should momentum prove to be prodigously munificent.

In addressing the quandaries of the community concerning a lofty target of $8, he retorted with verve, “Is there in the post nary an inkling of ‘no more $8 target?’” To inquiries of an extended journey in November, his reply was tinged with mystery, “perhaps. Quite possibly.” On the matter of correct positioning, he wisely advised caution, “dips may never fall as anticipated even if they seem within reach,” and counseled, “hold fast, forsooth… employ trading options or futures-or perhaps a trading spot bag-for one’s short-term gains.”

Without equivocation do we observe: unless XRP can so bravely reclaim and maintain heights above $3.1273 and then $3.4000, the roadmap penned by Charting Gentleman leans favorably towards revisiting the August depths near $2.72195 to complete the quartet of waves. Not until this exigence is met or resistance is well and truly shattered doth the schema unlock the subsequent impetuous leg towards $4.16533 to $4.63105, reserving $5.39272 for an extended fifth in the seasoned months of late-September or the onset of October.

With all dispatches current, XRP held steadfast at $2.96. A charming spot to be, or perchance to be surmounting!

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2025-08-18 11:12