{"id":111342,"date":"2025-11-07T17:00:45","date_gmt":"2025-11-07T17:00:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=111342"},"modified":"2025-11-07T17:00:45","modified_gmt":"2025-11-07T17:00:45","slug":"xrp-eyes-5-5-but-the-best-entry-is-still-ahead-analyst","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=111342","title":{"rendered":"XRP Eyes $5.5, But The Best Entry Is Still Ahead: Analyst"},"content":{"rendered":"

XRP is holding firm on the weekly time frame despite the latest market-wide drawdown, according to an Elliott Wave roadmap shared<\/a> by crypto technician Hov (@HovWaves).<\/p>\n

On Hov\u2019s Bitstamp-based 1W chart, the current candle sits near $2.22 with three days and several hours left to close, and the structure remains nested inside a higher-time-frame impulse that he counts as wave iii completed, wave iv in progress, and a prospective wave v aiming materially higher.<\/p>\n

Is The XRP Bottom In?<\/h2>\n

The key reference band for pullbacks is defined by Fibonacci retracements measured from the latest vertical advance. Hov plots the 0.236 retracement at $2.094, the 0.382 at $1.548, the 0.5 at $1.213, and the 0.618 at $0.950.<\/p>\n

The price has broken down to the 0.236 neighborhood, probing a turquoise demand box that overlaps the 0.382 ($1.548) on the lower edge. That zone also contains the October 10 liquidity event<\/a> wick he highlights around $1.58. In his accompanying note, Hov stresses that the last rise from that low has only formed three waves to date, leaving room for \u201cone more small low on the micro before it\u2019s all said and done,\u201d while adding, \u201cI don\u2019t think it takes out the 1.58 low\u201d and that, because of the wick, \u201cwe\u2019re likely to see a truncation on this move.\u201d<\/p>\n

The upside map hinges on two resistance landmarks. First is a boxed supply region overhead that caps out just below a labeled swing marker at \u201c0 (3.41159),\u201d effectively framing $3.41 as the final pivot from the prior leg. More important for confirmation, Hov marks \u201cHTF close above $2.94 is the key.\u201d That $2.94 weekly close is his validation level that would reassert the impulsive trend<\/a> and unlock a measured extension to his first target.<\/p>\n

That target is explicit on the chart: the next leg\u2019s objective aligns with the \u22120.236 extension printed at $5.558. A curved projection path from the current area arcs through the retracement box and then accelerates vertically toward the target, annotated with a circled \u201cV\u201d at the terminal portion of the move and a higher-degree \u201c3\u201d on the scale, consistent with an impulse termination at or near the extension.<\/p>\n

Context from the left side of the chart shows how structurally important the base has been. A broad turquoise accumulation band anchored around the $0.43 handle (labeled \u201c1 (0.43128)\u201d) held price throughout 2023\u20132024, preceding the breakout that staged the current impulse.<\/p>\n

Above that, a second, higher turquoise band spans the 2021 reaction zone and now acts as the battleground for the present consolidation <\/a>beneath $3.41. A visible-range profile overlay inside the consolidation rectangle shows the heaviest traded activity toward the left ridge of the range, underscoring why weekly closes above $2.94 would be decisive.<\/p>\n

Hov\u2019s bottom line on X mirrors the chart. \u201cXRP holding up exceptionally well on this market wide sell off,\u201d he wrote, noting the coin remains \u201cstill up 40% off our level (threaded).\u201d While he allows for a final marginal low\u2014without undercutting $1.58\u2014his roadmap retains a \u201cfirst target\u201d near $5.5, with the caveat that a \u201cHTF close above $2.94 is the key.\u201d<\/p>\n

At press time, XRP traded at $2.18.<\/p>","protected":false},"excerpt":{"rendered":"

XRP is holding firm on the weekly time frame despite the latest market-wide drawdown, according to an Elliott Wave roadmap shared by crypto technician Hov (@HovWaves). On Hov\u2019s Bitstamp-based 1W chart, the current candle sits near $2.22 with three days and several hours left to close, and the structure remains nested inside a higher-time-frame impulse […]<\/p>\n","protected":false},"author":0,"featured_media":111343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-111342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111342"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111342"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/111343"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}