Overview
- EGRAG CRYPTO frames XRP’s structure as a completed corrective Wave 4 with a pending fifth wave that could drive a new leg higher.
- Fibonacci extensions outlined by the analyst map stepped targets near $4.78, $5.52, $6.76, and $18.25, with upper scenarios approaching about $27.
- XRP has bounced from last week’s lows near $2.12 to roughly $2.49–$2.56, gaining about 9%–12% over 24 hours and approaching the $2.60 area flagged as resistance.
- Glassnode’s exchange net position change shows unusually large outflows since the second half of October, which reports interpret as accumulation off exchanges.
- AMBCrypto and others stress that Elliott Wave and Fibonacci projections are model dependent and advise investors to set invalidation levels and manage downside risk.