Technical analysis by WaveFibs about Symbol XRP: Buy recommendation (2/5/2025)

🚀 XRP/USD – Bullish Elliott Wave 5 Expansion 🚀📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSIXRP is currently in a Wave 4 corrective phase, setting up for a Wave 5 expansion. If XRP maintains key support levels and breaks above resistance, we could see a strong bullish move toward $10.45 and beyond.📊 Elliott Wave & Fibonacci AnalysisXRP's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next bullish price targets are:✅ Fib 0.382 (~$4.60 USD) – Initial target, a breakout here confirms strong bullish momentum.✅ Fib 0.618 (~$8.75 USD) – Mid-term bullish target, aligning with previous resistance zones.✅ Fib 1.236 (~$10.45 USD) – Key breakout level for an extended Wave 5 rally.✅ Fib 1.618 (~$14.99 USD) – Ultimate Wave 5 expansion if bullish momentum continues.✅ Fib 1.618 Extended (~$31.56 USD) – Parabolic target if XRP enters a strong breakout cycle.🔹 Key Support Levels🟢 $2.03 USD (Fib 0.236) – Support🟢 $1.47 USD (Fib 0.382) – Deeper retracement support.🟢 $1.14USD (Fib 0.5) – Must hold for the bullish structure to remain valid.🔹 Key Resistance Levels🚀 $3.99 USD – Crucial breakout zone.🚀 $5.05 USD – First major Wave 5 target.🚀 $8.75 USD – Strong resistance and Fib 0.618 level.🚀 $10.45 USD – Breakout confirmation of Wave 5 expansion.📉 MACD & RSI Confirmation📊 MACD Analysis:✅ Bullish Crossover – MACD lines show a strong momentum shift.✅ Increasing Histogram – Indicates rising bullish pressure.⚡ RSI Strengthening:✅ Currently ~77 RSI – Entering strong bullish territory.✅ Above 60 RSI – Momentum shift confirmed, but a short-term pullback is possible before further gains.📊 Volume Analysis & Market Structure📌 Current Volume:🔹 Volume is increasing, confirming strong buyer interest.🔹 A spike in buy volume above $3.99 USD will confirm a breakout toward $5.05 USD.🚦 Market Structure Confirmation:✅ Higher lows forming – Bullish structure intact.✅ Breakout above $3.99 USD + volume spike = Strong Wave 5 rally potential.✅ Bullish Trade Plan🔹 Entry Trigger: Breakout above $3.99 USD with volume confirmation.🎯 Take Profit 1: $5.05 USD (Fib 0.382)🚀 Take Profit 2: $8.75 USD (Fib 0.618)🌕 Take Profit 3: $14.99 USD (Fib 1.618)🛑 Stop-Loss: Below $1.14USD (Fib 0.5) 💡 Conclusion & Market Sentiment🔹 XRP is approaching a key resistance zone at $3.99 USD.🔹 A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting $8.75 USD and beyond.📢 Market sentiment remains strongly bullish.✅ If XRP holds above $1.14 USD, the bullish wave structure remains intact.✅ MACD & RSI confirm strong momentum, but volume confirmation is needed.✅ Watch for a volume breakout above $3.99 USD before entering a trade.📢 What’s your XRP price target? Comment below! 🔥📈 Like & Follow for More Crypto Analysis! 🚀