@morecryptoonline
YouTube
Avg. Quality
71
Success Rate
26.68
Analysis
1312
Correct
350
Fail
873
Pending
88
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
XRPUSDT
Short Entry
2.1037
2026-01-15
08:58 UTC
Target
1.6800
Fail
2.3500
Risk/Reward
1 : 2
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The analysis focuses on XRPUSD, asserting that the asset has not achieved significant upward movement recently, aligning with expectations for a corrective phase. The primary count, represented by the yellow scenario, posits a five-wave upward impulse, which remains the long-term outlook. However, the short-term view identifies the alternative scenario as more probable. This scenario anticipates a further decline, targeting levels between the 78.60% ($1.7737) and 88.70% ($1.6843) Fibonacci retracement levels of a previous impulse, specifically projecting a move to $1.68 or lower. The preceding market movement involved a five-wave decline in Wave A, followed by a three-wave upward movement, interpreted as a B-wave. This B-wave faced rejection from a resistance area defined by Fibonacci levels, specifically ranging from 38.20% ($2.1719) to 78.60% ($2.3303). An early indication of a potential top for the B-wave was identified by a break below the $2.10-$2.11 support line. A more substantial confirmation of a market top would involve a decisive break below the swing lows from January, specifically around the $2.03 level. For a significant price top to be confirmed, the market would ideally exhibit a five-wave decline from current levels, potentially representing Wave 1 of a larger C-wave. Conversely, a sustained break above the identified resistance zone, particularly beyond $2.33, would invalidate the current bearish short-term outlook.