Technical analysis by M_Gheysvandi about Symbol XRP on 1/8/2025

Hello friends In the Ripple digital currency, we are witnessing the formation of a 5-wave bullish pattern. Of course, this pattern can also be a zigzag with wave C extended! But we assume 5 bullish waves. Currently, waves 1 to 4 have formed and we are waiting for wave 5 to form. If the price moves upwards from the 2.35 range, our hypothesis will be confirmed and we can enter a buy trade and set the stop loss at the 2.25 range. The price target can also be the 2.57 or 2.67 range, depending on the extension of wave 3. But if it breaks down from the range, it will drop to the 2.14 range. Good luck and be profitable.Good luck and be profitable.