The daily XRP chart has turned into a clean Elliott Wave case study, according to crypto technician “Charting Guy,” who argues the latest rebound was corrective rather than impulsive and likely precedes a deeper C-wave pullback toward August’s lows. In a post on X, he wrote: “August bounce from $2.72 to $3.38 was a 3 wave corrective move up unlike $OTHERS 5 wave impulsive move up, so I believe it was a B wave & we will likely revisit the August lows in the coming days/weeks for our C wave to end the correction that started late July.”
XRP Correction Isn’t Over Yet
The annotated chart (XRP/USD) plots a developing five-wave sequence with waves 1 and 2 completed in May and June, a vertical wave 3 peak into mid-July, and an unfolding A-B-C that would finalize wave 4. The A leg knifed off the wave-3 high, a B-wave recovery carried to $3.40, and the projected C leg descends into a Fibonacci cluster that coincides with the August trough. At the time of the snapsho
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