This video provides a professional Elliott Wave and technical analysis of XRP (Ripple), focusing on current market structure, major support and resistance zones, and the key scenarios that could shape the next market phase. The goal is to give viewers a clear and educational understanding of XRP’s p
1 extracted signal · 1 resolved · 0 still active
More Crypto Online06 Dec 2025, 20:12 UTC
AI-generated source summary
The analysis reviews XRPUSD on the daily timeframe, noting that the market continues to hold within a support zone for a wave two pullback. After an October low, the market bounced but failed to break critical resistance, remaining just a bounce. The market has been in correction for two months, a typical pattern for cryptocurrencies characterized by rapid movements followed by extended corrections. The analysis tracks potential upside breakout structures, checking daily for bullish indicators or a five-wave move upward. A five-wave pattern could signal the start of a new upward leg. Shifting to the hourly timeframe, the bounce after the October low ended below critical resistance between 2.69 and 2.84, maintaining downward pressure. The pullback overlaps, not looking impulsive, leaving room for higher prices. A micro resistance area is now between 2.09 and 2.17. Breaking this reduces the chances of a larger wave two. For bullish action requires a break above 2.18 to reach larger resistance between 2.32 and 2.58
AI-generated summary based on the source content.
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