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 Online08 Dec 2025, 19:40 UTC
AI-generated source summary
The analysis indicates XRP has seen a bounce from micro support levels, subsequently encountering micro resistance between $2.10 and $2.17. The market is observed to be grinding sideways within a narrow range. The previous upward movement from the November 21st low is identified as a three-wave corrective structure, lacking the impulsiveness of a sustained uptrend. Consequently, this suggests the absence of a meaningful low formation at that point. The prevailing bearish pressure remains significant below the $2.17 resistance level. A direct downward continuation, consistent with a five-wave C-wave structure, is the preferred scenario, targeting the larger support area between $1.76 and $1.90. An alternative scenario involves a broader X-wave extension, which would entail a test of the upper resistance zone between $2.32 and $2.58. However, this is contingent on a decisive break above the current micro resistance. The immediate focus remains on market reaction to the $2.10-$2.17 resistance area; a sustained break above $2.17 would signal an extension of the X-wave. Until such a break occurs, the bears are considered to be in control, with a high likelihood of one more low. The overall context remains within a larger sideways consolidation phase, requiring a break above the $2.69-$2.84 range for a definitive shift to a bullish outlook.
AI-generated summary based on the source content.
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