@morecryptoonline
YouTube
Avg. Quality
71
Success Rate
32.21
Analysis
1956
Correct
630
Fail
1288
Pending
38
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
XRPUSDT
Long Entry
2.1775
2026-01-07
19:24 UTC
Target
2.7000
Fail
2.0900
Risk/Reward
1 : 6
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The analysis focuses on XRPUSD's Elliott Wave structure, specifically tracking a potential Wave 4 pullback after a strong Wave 3 rally. The current price is within a identified support region. The speaker notes that the previous Wave 3 extended, reaching a peak around $2.45. A potential consolidation pattern, possibly an A-B-C correction, is unfolding. The immediate resistance area for a potential B-wave within the correction is between $2.31 and $2.39. The critical support region for the Wave 4 pullback is defined by Fibonacci retracement levels, specifically the 38.20% retracement at $2.16443 and the 50% retracement at $2.09223. A break below the $2.09 pivot would invalidate the current bullish scenario for a subsequent Wave 5 rally, suggesting a deeper decline towards the alternate Wave 2 bottom around $1.68. Conversely, if support holds, a Wave 5 target is projected in the $2.69 to $2.84 resistance zone. The timeframe for this consolidation and potential subsequent rally is anticipated to be over the next 24 to 48 hours, though the duration of corrective waves can vary.