Wave Structure Puts XRP Price In The $18.22-$23.20 Range In The Short Term

Ethereum’s price is forming the last wave of the short-term downward trend. After this wave ends, the medium-term structure will begin to form. There will be a good chance for increased volatility. ETH/USD. The first wave of almost any trend is usually formed by big traders. By pouring in big capital, they provoke the mass of small traders into either selling or buying an asset. Trading volume usually falls at key levels of any trend, because the majority of traders don’t know where the price is going to go. Because of that, those that do make the first step are clearly expecting....

Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed.  Related Reading: Analyst Says Dogecoin Price Will Surge 2,500% To $2.55, Here’s When XRP Could Rise To As High As $18 On Its Next Leg Up Dark Defender revealed in an X (formerly Twitter) post that XRP is now in wave three based on the chart structure he shared, with the crypto token targeting $1.88, $5.85, and $18.22 on this bullish wave. The chart also showed that....

Ethereum’s price is continuing its upward trend. Whether that short-term trend is a wave within a flat will be apparent after its structure is completely formed. What is the most likely scenario for a turn to decline? After fortifying at a key level of $10.4, Ethereum’s price has formed an upward impulse. The structure of the downward trend was broken at that point, and the downward movement was consequently a rebound. There is still a chance of the current upward trend turning out to be a wave within a flat. But for that to be true, the structure of the trend has to be disrupted. If a....

As was predicted, Ethereum’s price has bounced off the long-term resistance line. If the structure of that movement holds, a turn to growth is likely to happen. Will there be a turn to growth? After fortifying near the top resistance of $7.5 and forming a turn to growth, the short-term structure of the downward trend was disrupted, which caused a turnabout. Such movement indicates that the bulls are holding the advantage, hence the trend is likely to go up. It’s important to monitor the structure of this short-term increase. If a turn forms at the level of $7.3, the trend has a good chance....

Ethereum’s price is fortifying above a key resistance line. A short-term flat, which is also a rebound, is coming to its conclusion. An exit from the flat can serve as the beginning of a medium-term trend. The movement which has started at $10, could become a wave of a medium-term flat. As long as that probability is there, there is a chance for a downward turn towards $10. A cancellation of the medium-term flat will provoke a medium-term upward trend. We need to find a point where just one scenario remains realistic for further development. If the movement which has started at $10 is a....