XRP Set To Explode—But Only After This Plunge, Analyst Says
The post XRP Set To Explode—But Only After This Plunge, Analyst Says appeared on BitcoinEthereumNews.com. Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP may be on the verge of a major upside breakout—but only after what crypto analyst Quantum Ascent describes as a necessary and temporary correction. In a new video analysis published on May 28, the seasoned trader warned that a drop toward the $2.13 level appears increasingly likely, but emphasized that such a move fits within a larger bullish Elliott Wave structure and would not invalidate the macro setup. XRP Set To Plunge Before Exploding Higher? “I said $2.71 was on deck—and we hit $2.66,” Quantum Ascent recalled, referencing a prediction made earlier in May. “I was five cents off. But now, it looks like we’re in a bit of a correction. I’m a little thrown off by the wave count here.” The confusion, he explained, stems from the structure of what appears to be a completed five-wave move. While the third wave in an Elliott Wave pattern is typically the longest, the analyst noted inconsistencies in the current formation that warrant a deeper technical review. Still, the overall structure—particularly on the weekly chart—remains intact. XRP price analysis | Source: X @quantum_ascend “You can see one-two-three-four-five on the weekly,” he said. “That’s printing a macro one-two. And the third wave should get us going here out of this area.” Related Reading Zooming into the 12-hour and daily timeframes, Quantum Ascent pointed to an ABC corrective pattern now likely unfolding, with the C wave projected to equal the A wave…
The post XRP Set To Explode—But Only After This Plunge, Analyst Says appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP may be on the verge of a major upside breakout—but only after what crypto analyst Quantum Ascent describes as a necessary and temporary correction. In a new video analysis published on May 28, the seasoned trader warned that a drop toward the $2.13 level appears increasingly likely, but emphasized that such a move fits within a larger bullish Elliott Wave structure and would not invalidate the macro setup. XRP Set To Plunge Before Exploding Higher? “I said $2.71 was on deck—and we hit $2.66,” Quantum Ascent recalled, referencing a prediction made earlier in May. “I was five cents off. But now, it looks like we’re in a bit of a correction. I’m a little thrown off by the wave count here.” The confusion, he explained, stems from the structure of what appears to be a completed five-wave move. While the third wave in an Elliott Wave pattern is typically the longest, the analyst noted inconsistencies in the current formation that warrant a deeper technical review. Still, the overall structure—particularly on the weekly chart—remains intact. XRP price analysis | Source: X @quantum_ascend “You can see one-two-three-four-five on the weekly,” he said. “That’s printing a macro one-two. And the third wave should get us going here out of this area.” Related Reading Zooming into the 12-hour and daily timeframes, Quantum Ascent pointed to an ABC corrective pattern now likely unfolding, with the C wave projected to equal the A wave…
What's Your Reaction?
