A certified Elliott Wave analyst has released a 10-minute XRP price breakdown explaining why the current pullback does not invalidate his long-term bullish outlook. Posted on X alongside annotated TradingView charts, the video walks through downside targets, invalidation levels, and most importantly, how traders should interpret the ongoing volatility, manage expectations in the midst of chaos, and avoid losing sight of the broader bullish structure.
Managing Chaos Through XRP Price’s Macro Structure
The analyst’s central objective in breaking down XRP’s price structure is operational discipline. He maintains that market participants are responding emotionally to the pullback rather than interpreting the structure correctly. From the outset, he outlined two scenarios for XRP: an impulsive continuation following the break above its all-time high, and an alternative corrective pathway. With the breakout failing to sustain momentum, price action has rotated into the secondary count—an expanded flat correction he had flagged months earlier.
On the attached XRP/USD Bitstamp daily chart, Wave A represents the first counter-trend decline after the broader breakout phase. Wave B then advanced in a deceptive expansion, briefly breaching prior structure and trapping late buyers at elevated levels. That overconfidence phase is now unwinding through the developing Wave C leg.
Applying pivot measurements from Waves A and B, the analyst projects the C-wave using Fibonacci extensions, focusing on the 1.618 (161.8%) level. He characterizes this region as emotional capitulation—where stop losses trigger in clusters, confidence deteriorates, and late participants are forced to exit positions. The emphasis is psychological rather than numerical.
According to his framework, this macro perspective is how traders manage expectations during chaotic periods—by recognizing that volatility belongs to a defined corrective process, not a breakdown of the broader bullish trend.
Volatility First, Bullish Resolution Later
The projected completion range sits between $1.50 and $1.08–$1.09, labeled on the chart as a high-conflict volatility box. Within this band, price action is expected to be disorderly as the five-wave C decline completes. He describes it as a “free-for-all” where bulls and bears battle before structural exhaustion forms a bottom. Confirmation will not come from price alone but from sequence: a completed five-wave drop, an impulsive reversal, and a corrective pullback to validate trend transition.
The broader chart context reinforces patience. XRP previously broke out of a seven-year triangle, then printed layered corrective structures consistent with an expanded flat. Lower timeframe analysis—refined using line charts to remove wick noise—reveals nested impulsive and corrective waves, including WXY formations and a potential expanding leading diagonal under updated Elliott Wave rules.
Despite near-term disorder, the cycle thesis remains intact. Once Wave C finalizes, the analyst projects a new impulsive advance using Fibonacci extensions and prior pivot structures, mapping upside targets into the $20 to $30 range—zones where profit-taking and reassessment would occur.
The takeaway from this breakdown is simple: XRP’s price correction reflects emotional unwinding within a bullish macro trend, and prioritizing structure over sentiment separates reactive trading from cycle-level positioning.
Featured image created with Dall.E, chart from Tradingview.com
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