Technical analysis by Maddox_Metrics about Symbol XRP on 8/9/2025

XRP printed a macro triangle from 2021-2024. Triangles are an Elliot wave pattern resulting in a terminal thrust up in a motif wave before price returns to the bottom of the triangle at $0.28! Now this seems extremely unlikely given whats going on fundamentally but I don't make the rules so don't shoot the messenger! The motif wave appears to have completed wave 4 bull flag at the $1.6 swing low and wave 5 is underway (which can overextend). Elliot wave count would suggest we are near a major top after one more push up to new highs. More realistic price targets for a deep retracement would be $1.6 again which the ascending weekly 200EMA would catch up to for confluence. Interested to hear from the other Elliot wave specialists on this count! Analysis is invalidated below $1.6 New long signals are building in the DEMA PBR and Price Action strategies so keep an eye out on the Trade Signals Substack as we have made very good profits lately in these markets! Safe trading