menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Ripple News

>

XRP Elliot...
source image

Ambcrypto

1w

read

250

img
dot

Image Credit: Ambcrypto

XRP Elliott Wave hints at correction – Why $2.34 support matters next

  • XRP Elliott Wave analysis indicates a wave 2 correction, focusing on $2.33 as a crucial level to monitor.
  • Recent price retracement saw XRP decline to $2.49 after reaching a high of $2.65, currently trading at $2.50.
  • Analyst Man of Bitcoin suggests a potential local top for XRP as per Elliott Wave structure, with $2.33 being a key support level for further downside.
  • XRP's price rally lacks strong demand support, with indicators like Price-DAA Divergence and NVT Ratio signaling potential price correction in the absence of genuine demand.

Read Full Article

like

15 Likes

For uninterrupted reading, download the app