cryptomorozova

On the global timeframe, XRP has completed its second corrective Elliott Wave, which formed a classic ABC correction structure.
This correction reached the 50% Fibonacci retracement level, confirming a deep but technically healthy pullback within the broader bullish cycle.
After the completion of Wave 2, we flipped the Fibonacci grid to project potential targets for the next impulsive move.
At the moment, price action suggests the beginning of Global Elliott Wave 3, which is typically the strongest and most dynamic wave in the Elliott Wave theory.
According to Fibonacci extension levels, Wave 3 is projected to reach the blue level marked on the chart, which corresponds to the 1.68 Fibonacci extension. This level represents a logical upside target based on the current market structure.
Long entry is highlighted on the chart using an automatic trading tool
Stop-loss is clearly marked in red to manage downside risk
Take-profit is marked in green, aligned with the projected Fibonacci target
This setup is based purely on technical structure, Elliott Wave theory, and Fibonacci levels, focusing on market mechanics and risk management rather than any guaranteed outcomes.

XRP Technical Analysis (4H Timeframe)
On the global 4-hour timeframe, it looks like the corrective move has finally completed, reaching a very deep correction of a major Wave 2.
We can clearly see a sharp impulsive move to the upside, followed by a significant pullback relative to that growth. Inside this decline, a clear five-wave bearish structure has formed. These five descending waves represent the correction of the large second wave.
At this stage, we can expect a solid rebound to the upside. The most logical take-profit target is the nearest strong first resistance level — the top of the previous impulsive growth of the coin. This level acts as a natural and technically justified take-profit zone.
Right now, opening a long position can already be considered, as the first green candles have appeared on the 4-hour timeframe, signaling a potential trend reversal.
On the chart:
Stop-loss is marked in red
Take-profit is marked in green at the top
As always, proper risk management is essential.
Additional Market Context
Also, don’t forget that the cryptocurrency market tends to move into corrective phases from Friday to Sunday in most cases. This weekend correction is a common market behavior.
Starting from Monday, when the U.S. trading session and the London market open, we often see increased volatility and, if the global trend is shifting to the upside, the growth of coins usually begins at the start of the week.
This serves as a second confirmation for us that opening a long position can be considered already at the current levels.
From a global perspective, if the trend is indeed shifting and the structure of the first and second Elliott waves is confirmed — as marked with the blue indicator — we can assume that the market is currently at the beginning of the most powerful Elliott Wave.
In a classic Elliott Wave structure, this would be the third wave, which is typically the strongest and most impulsive one.
Using the Fibonacci extension, which has already been flipped to measure a rising bullish trend, the third wave often reaches the 1.68 Fibonacci level. This level corresponds to an XRP price target of approximately $2.82.
This level can be considered the next potential take-profit target if the bullish scenario continues to develop.