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251010 [XRP] XRP Outlook

<Current Market Conditions>

  • The overall market, including Bitcoin, is experiencing a downturn, though the long-term bullish outlook remains unchanged.

  • A fourth wave correction is underway, with expectations of entering the final fifth wave upward movement.

  • Although it failed to hold the trendline and retreated internally, it is crucial that it does not break below the lower boundary and instead breaks through the trendline again.

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Support is anticipated within the major support zone of 2.68–2.76, with a rebound expected.

  • Even if this zone is breached, the probability of a fakeout remains high, consistent with historical chart patterns.


<Conclusion>

  • Although currently declining, a swift rebound is underway, with expectations of reaching the 3.3–3.6 range within October.




 
 
 

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