XRP Analysis==>>Correction Signs!!!
2024-12-08

XRP ( BINANCE:XRPUSDT ) is moving in the  Resistance zone($2.63-$2.50) .

In this post, I want to show you some  signs  that  XRP  may still need to be corrected in a  one-hour time frame :

 1 -Regarding  Classical Technical Analysis ,  XRP  seems to have succeeded in forming the  Rising Wedge Pattern .

 2 -The formation of the  Evening Star Candlestick Pattern  in the  Resistance zone  can signify the  reverse of XRP .

 3 -The formation of the  Bearish Gartley Harmonic Pattern  can also be another sign of the decline of  XRP .

 4 -According to  Elliott wave theory ,  XRP  seems to be completing the  main wave 4 .

I expect  XRP  to  break the  lower line  of the Rising Wedge Pattern , which should drop to  at least $2.38 . If the  Support line  is broken, the  next target  will be the  Support zone($2.25-$2.17) .

 ⚠️Note: If XRP manages to break the Resistance zone($2.63-$2.50), we can expect an XRP pump.⚠️ 

XRP Analyze (XRPUSDT), 1-hour time frame⏰.

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