XRP – 1H Elliott Wave Analysis – 15.08.25 for BINANCE:XRPUSDT by KanashimiBro

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XRP – 1H Elliott Wave Analysis – 15.08.25

XRP / TetherUS BINANCE:XRPUSDT

KanashimiBro

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We assume that the transfer up from the third of August was a Wave 1 of a Diagonal as ABC and now we’re engaged on the C Wave of the Wave 2 of this diagonal. Alternatively you might rely it as double 1-2 arrange as an alternative of an diagonal.

The Wave 2 assist space is between the 0.5 FIB at 3.0552 USD and the 0.786 FIB at 2.8681 USD.
The subsequent Wave C targets are the 1.382 FIB at 2.9665 USD which is throughout the golden pocket of the Wave 2 Support space and lastly the 1.618 FIB at 2.9007 USD.

Be conscious that if we break the Wave 2 assist space we’re searching for a deeper retracement which might take us to 2.52 USD and even decrease. In this state of affairs we would want to rely the transfer up that we began in April as a diagonal and even some corrective construction to the upside.

Thanks for studying.

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