The XRP/USDT pair is showing strong signs of entering Elliott Wave 5, suggesting a potential bullish opportunity. Here's the breakdown:
📊 Wave 5 Projections: Based on Fibonacci extensions, Wave 5 targets suggest a potential move towards $1.4457, aligning with key resistance levels and historical price zones.
💡 Strategy:
Entry: Consider entering at market price now. Stop Loss: Place your stop loss just below the last swing low at $1.033. Risk-Reward: This setup offers a favorable risk-reward ratio, perfect for traders aiming to capitalize on Wave 5’s upward momentum.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research, evaluate risks, and trade responsibly.
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