Ripple XRP Price News Today Technical Analysis - Ripple XRP 2025 and Elliott Wave Chart Analysis
1 extracted signal · 1 resolved · 0 still active
More Crypto Online05 Sept 2025, 16:03 UTC
AI-generated source summary
The analysis focuses on XRP's daily chart, emphasizing the importance of recognizing the larger time frame structure. The current pullback from July is noted as deep and extended, but the overall structure remains intact. The analyst suggests that the current market behavior resembles a wave four formation. The parameters are being respected, though proportions indicate an extended and deep correction. A key point is the wave one swing high from May at $2.65. The lower support area between $2.65 and $2.21 is yet to be breached. The analyst mentions, if XRP falls below the lower support area, the micro-structure changes from an impulse to a diagonal pattern. This shift will make it bumpier towards the upside. The diagonal pattern will change from ABC structure with the long-term target still $5. Also, if the $2.21 level breaks the analysis is invalidated. Shorter timeframe is sideways. Resistance is met at $3.10. Above this level there is no resistance.
AI-generated summary based on the source content.
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