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XRP Elliott Wave Analysis: Is the Fifth Wave Opportunity Hidden in the Accumulation Phase?
【Crypto World】From the perspective of Elliott Wave Theory, XRP is currently in a long-term accumulation phase, rather than the chaotic period people previously worried about. This pattern gives us an important signal—the fifth wave rally may be brewing.
Following this line of reasoning, XRP’s long-term target is approximately in the $15 to $22 range, with the midpoint close to $20.50. It may sound a bit aggressive, but this is a logical deduction based on wave structure.
The key question is: can this bullish pattern hold? The answer depends on whether the price can defend the short-term support line. The support zone between $2.11 and $2.26 is particularly critical; if this is broken, the validity of the entire accumulation pattern needs to be reassessed. Therefore, for traders, this level is a litmus test for verifying the authenticity of the signal.