$XRP 4Hr Chart Outlook – Elliott Wave in Play

XRPUSDT


#XRP's 4Hr chart is painting an Elliott Wave sequence, finishing wave (4) and hinting at a move into the final wave (5)! 🚀

🌀 Wave Count Breakdown:
1️⃣ Wave (1): Initiated from sub-$2.00 range with clean momentum
2️⃣ Wave (2): Healthy corrective dip, maintaining bullish structure
3️⃣ Wave (3): Strong impulsive leg topping near $3.70, validating the trend
4️⃣ Wave (4): Ongoing consolidation phase, forming potential bull flag / base
5️⃣ Wave (5): Projected Fibonacci extension at 1.618 targets around $3.67 – $3.70

Support: $3.00 psychological level + local base

Resistance: $3.20 (short-term), followed by $3.66 (1.618 fib extension)

Invalidation: Break below $2.90 could challenge wave structure


With bullish momentum intact and corrections staying orderly, this chart structure aligns with Elliott Wave theory forecasting a final push in Wave 5. Volume confirmation is key on breakout above $3.20.