XRP Edges Toward A Macro Shift As Expanding Diagonal Meets Breakout Momentum
XRP is inching closer to a major turning point as fresh upward momentum collides with a developing, expanding diagonal structure. The recent impulse off support is starting to hint at a potential macro shift, raising exp...
XRP is inching closer to a major turning point as fresh upward momentum collides with a developing, expanding diagonal structure. The recent impulse off support is starting to hint at a potential macro shift, raising expectations for a breakout-driven continuation if buyers can maintain control.
Building Toward A Truncated Low: Market Structure Turns ComplicatedHov recently highlighted a key shift in XRP’s structure, revisiting the outlook from the previous analysis where a potential push lower was expected to complete a truncated low. Since that discussion, XRP has dipped further, printing a new low on the line chart compared to the wick from the liquidity sweep. However, the movement into that low hasn’t been straightforward, carrying a structure that appears more complex than initially projected.
At first glance, the drop appeared to be a simple three-wave corrective pattern. But on closer inspection, Hov noted that a valid expanding diagonal count is also emerging. Despite the unusual structure, the price action off the most recent low is showing signs of strength.
XRP is now developing a clearer impulsive move upward, which could be the early stages of the momentum needed to set up the high-probability C/3 wave trade that has been anticipated. This early impulse doesn’t yet confirm a full trend reversal, but it does reflect a notable shift in market aggressiveness.
For now, Hov maintains a bullish leaning toward this support zone holding. As long as buyers continue defending this area, the probability of the reversal scenario increases.
XRP Breaks Key Retracement Level As RSI Signals Growing StrengthAccording to the latest update from TARA, XRP has successfully tapped the 0.5 retracement level while showing impressive strength on the RSI. That reaction alone hints at growing momentum beneath the surface. A break above this zone would shift the focus toward the next major target at $2.30, aligning with the crucial 0.382 level. Reclaiming that area would serve as a strong signal that XRP may finally be carving out a true bottom.
Despite this promising setup, confirmation of a new trend is still missing. Momentum is building, and price action is becoming increasingly impulsive, exactly the type of behavior typically seen at the early stage of a macro Wave 3.
Another key factor lies outside XRP’s chart entirely. BTC has just reached its resistance zone around $88,300 and has not yet gained the strength needed to break through. This moment of hesitation is important because Bitcoin’s next decision will heavily influence XRP’s short-term direction. The market is extremely close to confirming its next major leg, and all eyes remain on how these critical levels react in the coming sessions.
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