A tweet by LE₿ CYPTO has reignited bullish sentiment around XRP. The crypto analyst highlighted critical support zones at $1.94–$1.96 and $1.00, emphasizing their importance in maintaining XRP’s upward momentum.
According to the analysis, holding these levels could propel XRP toward new highs, with targets of $4.90 and $6.88. The tweet also warned that a weekly close below $1.00 would invalidate the bullish outlook.
What you'll learn 👉
XRP’s Elliott Wave Pattern Signals Strength
LE₿ CYPTO’s analysis points to an Elliott Wave structure supporting XRP’s bullish case.
The sequence begins with an initial surge to $4.90, followed by a correction to $0.732, forming a symmetrical triangle. The third wave broke out strongly above $1.94, signaling the start of another potential rally.
The expert pointed out that XRP’s recent momentum has been fueled by its symmetrical triangle, which has existed for several years. The market’s faith in XRP’s long-term potential is demonstrated by the breakout above $1.94, which was validated by a substantial amount of trading.
Support Zones Underpin Bullish Case
Critical support zones remain central to XRP’s price trajectory. LE₿ CYPTO stressed the importance of holding the $1.94–$1.96 range, which has transitioned from resistance to support. Maintaining this level would demonstrate continued strength for XRP bulls.
The $1.00 zone served as a psychological and structural barrier. According to the tweet, a weekly close below this level could lead to a bearish scenario, pushing XRP toward $0.40 or $0.30.
Read also: Kaspa Price Analysis: Bearish Patterns Loom, but KAS Bulls Eye a Promising Future
Resistance Levels Define the Path Forward
The analysis also highlighted key resistance zones XRP must overcome. The first target is $4.90, a crucial milestone in the Elliott Wave structure. Breaking this level would signal the start of the fifth wave, potentially driving XRP to $6.88 or beyond.
XRP is trading at $2.48, reflecting a 4.63% increase in the last 24 hours and a 5.19% gain over the week, according to CoinGecko. The market’s response aligns with LE₿ CYPTO’s analysis, as traders closely monitor XRP’s ability to maintain critical support zones.
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