Saad Ullah
⬤ XRP keeps bouncing off rising support without breaking down—something the chart's been doing over and over. Those white and green circles mark spots where buyers stepped in early, forming higher lows even when momentum looked flat. It's not exciting price action, but it's keeping structure intact.
⬤ Right now, XRP's sitting in Wave 4—a pullback phase after completing Waves 1, 2, and 3. Price cooled off near the 21 EMA, but it didn't collapse. No breakdown means this looks more like consolidation than reversal. The market's pausing, not panicking.
⬤ Wave 5 is what comes next if this holds. That's usually when momentum picks back up after a controlled correction. The target zone sits between $15 and $22, pulled from structural symmetry, measured moves, Fibonacci levels, and how XRP's moved historically. It's not hype—it's pattern-based.
⬤ The setup's clean because it has clear rules. XRP needs to hold those rising support zones shown on the chart. If that breaks, the whole thesis flips. But so far, support's holding. This kind of slow grind often happens early in risk-on cycles—price looks boring while positioning builds underneath.
Saad Ullah
