Altcoins News
By Steven Anderson
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Alternative Path Now in Play. For months, XForceGlobal monitored two possible Elliott Wave outcomes for XRP.
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Removing Chart “Distortion” with Line Chart Analysis. To avoid mixed signals caused by extreme candle wicks during volatile periods, XForceGlobal…
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Two Possible Short-Term Dip Scenarios. XForceGlobal emphasized that the current positioning places XRP close to what he describes as a…
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Wave Structure Points to $20 for Wave 3. Breaking down the micro-structures inside the larger flat pattern, XForceGlobal described setups…
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Why the Structure Remains Intact Despite Volatility. Although some traders view every correction as a bearish signal, Elliott Wave analysts often look…
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What Traders Should Watch Next. The next phase of XRP’s chart development will likely depend on:
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A Long-Term Setup — Not a Short-Term Prediction. XForceGlobal reminded traders that Elliott Wave structures develop slowly and can require patience.
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XRP began the week on strong momentum after climbing 8.71% to $2.22 on November 24, driven by renewed optimism linked to the launch of XRP spot ETFs from Grayscale and Franklin…
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While the pullback surged debate around whether the short-term rally has peaked, Elliott Wave analyst XForceGlobal believes the market remains within a much larger structure that…
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According to his assessment, XRP continues to develop within a bullish pattern that has been unfolding for more than a year and still supports the thesis of double-digit price…
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For months, XForceGlobal monitored two possible Elliott Wave outcomes for XRP. The first was a direct, rapid five-wave impulse higher, which would have delivered faster price…
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He explained that XRP is now following the alternative — and more realistic — path based on classical Elliott Wave structure.
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The sharp market crash on October 10 — when several altcoins dropped between 50% and 70% — served as a key trigger within this pattern. XRP fell 43% to $1.
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To avoid mixed signals caused by extreme candle wicks during volatile periods, XForceGlobal analyzed XRP using a four-hour line chart instead of a candlestick chart.
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His observations showed that XRP has traded within a wide range between $1.60 and $3.60 since January — nearly a full year of sideways consolidation.
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