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 Online16 Sept 2025, 16:36 UTC
AI-generated source summary
The analysis focuses on the XRPUSD chart, pinpointing Fibonacci retracement levels to gauge support. Currently holding at the 50% retracement level (2.97), the analysis identifies a support range. A swing low from September 11th is noted, with the analyst detailing how Fibonacci retracements are measured from swing lows to highs. The speaker emphasizes using Elliott Wave principles to define the appropriate swing low (from September 4th) for calculating Fibonacci support. The analysis suggests looking for a micro five-wave move upwards to confirm wave 4 completion. Holding above 2.97 is crucial for targeting higher prices, potentially towards 3.40. A decisive break below 2.79, however, would shift focus to lower support levels, invalidating the bullish move and suggests broader correction. A three-wave move is noted, but is not seen as a clear bottoming structure, there is an alternative scenario, in that case, the target to be watching is the 2.79 level.
AI-generated summary based on the source content.
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