XRP boiling hot for one more leg up
2025-01-10
Category: None

XRP has been in a steady consolidation phase, demonstrating strong support and resilience. From an Elliott Wave perspective, the current price action suggests the formation of a corrective triangle within the 4th wave, a pattern often indicative of a continuation trend. This consolidation builds the foundation for a potential breakout, leading to the 5th wave upward movement.

Given the prolonged consolidation period, the 5th wave is anticipated to exhibit significant bullish momentum. 

A logical target for this move could be the $5 mark, contingent on the breakout confirming the pattern and aligning with broader market sentiment.