{"id":89178,"date":"2025-08-18T08:00:23","date_gmt":"2025-08-18T08:00:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=89178"},"modified":"2025-08-18T08:00:23","modified_gmt":"2025-08-18T08:00:23","slug":"xrp-could-bleed-lower-before-any-major-rally-analyst-warns","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=89178","title":{"rendered":"XRP Could Bleed Lower Before Any Major Rally, Analyst Warns"},"content":{"rendered":"

The daily XRP chart has turned into a clean Elliott Wave case study, according to crypto technician \u201cCharting Guy,\u201d who argues the latest rebound was corrective rather than impulsive and likely precedes a deeper C-wave pullback toward August\u2019s lows. In a post<\/a> on X, he wrote: \u201cAugust bounce from $2.72 to $3.38 was a 3 wave corrective move up unlike $OTHERS 5 wave impulsive move up, so I believe it was a B wave & we will likely revisit the August lows in the coming days\/weeks for our C wave to end the correction that started late July.\u201d<\/p>\n

XRP Correction Isn\u2019t Over Yet<\/h2>\n

The annotated chart (XRP\/USD) plots a developing five-wave sequence with waves 1 and 2 completed in May and June, a vertical wave 3 peak into mid-July, and an unfolding A-B-C that would finalize wave 4. The A leg knifed off the wave-3 high, a B-wave recovery carried to $3.40, and the projected C leg descends into a Fibonacci cluster that coincides with the August trough. At the time of the snapshot, XRP was quoted around $3.02881 on the daily close, sitting between the 0.786 and 0.888 retracement rails.<\/p>\n

Fibonacci scaffolding dominates the chart and defines the key levels the analyst is trading against. The retracement and extension ladder is printed as follows: 0 at $1.61184, 0.136 at $1.78405, 0.236 at $1.92231, 0.382 at $2.14363, 0.5 at $2.34100, 0.618 at $2.55653, 0.702 at $2.72195, 0.786 at $2.87293, 0.888 at $3.1273, and 1.000 at $3.4000.<\/p>\n

Above the prior high, the upside extensions that map the prospective wave-5 run are marked at 1.272 ($4.16533), 1.414 ($4.63105) and 1.618 ($5.39272). The B-wave stall unfolded beneath the $3.1273\u2013$3.4000 resistance band (0.888\u20131.000), reinforcing that region as the ceiling the market must clear to confirm a finished correction<\/a>.<\/p>\n

Conversely, the proposed C-wave termination zone is anchored by the 0.786\u20130.702\u20130.618 stack at $2.87293 \/ $2.72195 \/ $2.55653, with the August pivot specifically highlighted at ~$2.72.<\/p>\n

A downward-sloping magenta trendline from the wave-3 apex bisects the A-B-C, and the projected path drives price into a labeled \u201c4\u201d before turning sharply higher into a new advance.<\/p>\n

The terminal \u201c5\u201d marker is placed almost exactly at the 1.414 extension near $4.63105\u2014consistent with the author\u2019s own wording that this represents a conservative target zone\u2014while the 1.618 print at $5.39272 frames an obvious stretch objective if momentum over-delivers.<\/p>\n

Addressing community questions about his previous higher target of $8, the analyst replied, \u201cis there anywhere in the post that says no more $8 target<\/a>?\u201d and, when asked about an extended move in November, he answered \u201cmaybe. Maybe.\u201d On positioning, he cautioned that \u201cdips are never guaranteed even if they seem likely,\u201d adding: \u201chodl imo\u2026 use trading options or futures or a trading spot bag to make their short term gains.\u201d<\/p>\n

The immediate read is unambiguous: unless XRP can reclaim and hold above $3.1273 and then $3.4000, Charting Guy\u2019s roadmap favors a retest of the August floor near $2.72195 to complete wave 4. Only after such a flush\u2014or a decisive invalidation via resistance break\u2014does his schematic open the door to the next impulsive leg<\/a> targeting $4.16533 to $4.63105, with $5.39272 reserved for an extended fifth in late-September or early-October.<\/p>\n

At press time, XRP traded at $2.96.<\/p>","protected":false},"excerpt":{"rendered":"

The daily XRP chart has turned into a clean Elliott Wave case study, according to crypto technician \u201cCharting Guy,\u201d who argues the latest rebound was corrective rather than impulsive and likely precedes a deeper C-wave pullback toward August\u2019s lows. In a post on X, he wrote: \u201cAugust bounce from $2.72 to $3.38 was a 3 […]<\/p>\n","protected":false},"author":0,"featured_media":89179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89178","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\/89178"}],"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=89178"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89179"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}