Will The XRP Price Crash Further From Here? Major Levels To Watch

The XRP price structure is not giving a clear bullish signal, and there are questions as to whether the current range will hold up and whether there’s going to be another leg down. Crypto analyst Hov, who has been tracking XRP’s structure on the weekly timeframe, laid out a detailed Elliott Wave count on X that identifies exactly where the price stands and what it needs to do in the coming sessions to avoid a more serious breakdown. XRP Wave Structure Is Sending A Warning Signal Crypto analyst Hov pointed out that the XRP price action coming off the recent lows lacks the kind of impulsive strength traders look for when a reversal is going on. Related Reading: The Last Time XRP Made This Move Against Bitcoin, It Led To A 500% Increase To $3.3 Hov’s chart, drawn on the weekly timeframe, traces out an expansive Elliott Wave sequence beginning from XRP’s 2018 cycle top through the corrective lows of 2019/2020, recovering across the 2021 bull cycle, and extending int