XRP is in an interesting technical situation. The B-wave within the larger wave (2) appears to have extended. This means that the price is currently consolidating within a more complex correction pattern – a pattern often observed before stronger movements. For traders using Elliott Waves, this could be a relevant clue to watch the next support and resistance levels. The further development will show whether the correction will be completed soon.
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HallucinationGrower
· 8h ago
Emma, it's the Elliott Wave Theory again... How many times have we heard this B wave extension explanation?
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GasGuru
· 01-19 02:17
Uh, Elliott Wave Theory is back again. Every time they say it will break through, but it still just consolidates.
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LayerZeroJunkie
· 01-18 10:52
Buddy, is the Elliott Wave pattern back again? Alright, I'll wait and see when XRP breaks through.
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ChainWanderingPoet
· 01-18 10:52
XRP's recent consolidation is quite interesting. The Elliott wave pattern definitely looks like it's gearing up for a major move.
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TideReceder
· 01-18 10:45
It looks like the Elliott Wave Theory is about to start bottoming out again. Can this time be different from a false breakout?
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AltcoinTherapist
· 01-18 10:36
XRP is playing that complex correction wave again, Elliott fans are starting to get restless.
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BearMarketSurvivor
· 01-18 10:35
Is wave theory reliable this time?
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degenonymous
· 01-18 10:30
Wait a minute, is Elliott Wave starting to play tricks again? The most feared thing when you don't understand is this kind of "complex correction pattern," and nine times out of ten, it's the night before a major wave.
XRP is in an interesting technical situation. The B-wave within the larger wave (2) appears to have extended. This means that the price is currently consolidating within a more complex correction pattern – a pattern often observed before stronger movements. For traders using Elliott Waves, this could be a relevant clue to watch the next support and resistance levels. The further development will show whether the correction will be completed soon.