Total Quality
Score
If You Had Traded on This Analysis…
Correct
XRPUSDT
Short Entry
1.6014
2026-02-03
06:12 UTC
Target
1.3100
In 2 Days
Fail
1.6500
Risk/Reward
1 : 6
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Final PnL
18.20%
P/L: —
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The analysis suggests that XRP is currently in a corrective phase, potentially forming a triangle pattern. The price has broken below a previous support level and is expected to continue its downward trend to the lower Fibonacci levels, around $1.40. A break below $1.30 would further confirm this bearish outlook. The current price action is seen as a potential wave IV bounce before a final wave V move lower.
