Okay, okay—so everyone’s losing their minds again because XRP is “flashing bullish continuation signals.” Seriously, how many times have I heard this before? It’s like déjà vu, except I don’t remember signing up for the first installment. XRP is apparently reclaiming support levels, whatever that means, like it’s some kind of financial Indiana Jones. So now the “analysts” are talking Wave 3 surges and a rocket ride to $3… Sure, why not? Next, we’ll all retire in Margaritaville. 🍹
XRP Price: Wave 3 or “Wave Goodbye”?
So this trader, CasiTrades—prominent, naturally, because any analyst worth two satoshis is always “prominent”—posts on X, formerly Twitter. (By the way, you rebrand to a single letter and you expect people to take you seriously?) She’s pointing out some chart formation like she’s deciphering the Dead Sea Scrolls, but nope—it’s just XRP possibly breaking out of yet another triangle. I mean, the only triangle I’m interested in is a slice of pizza.
This whole thing about the $2.25 level, the Fibonacci Retracement, symmetrical triangles—I gotta say, it’s a lot of geometry for what basically boils down to, “price went up, maybe it keeps going up, maybe it doesn’t.” But hey, $2.25 isn’t just a random number! It’s apparently the key, the secret sauce, the lost city of Atlantis for XRP fans. Big moment. 📈
So XRP manages to crawl just above $2.3, something about “testing local resistance.” What’s it doing—taking a standardized test? Apparently if it “confirms” a breakout (who’s issuing the confirmation, exactly?), we’re heading to $2.69 and $3.04. Can’t forget the extra four cents. Every cent counts when you’re speculating.
I love this part—XRP’s Relative Strength Index is up but not “overbought.” Translation: “It’s going up, but don’t get excited—we’re still calling it cautiously optimistic so if it tanks we can say, ‘well, you should have known.’” And apparently Bitcoin and news are just sitting on the sidelines, eating popcorn. XRP’s doing all this… solo. What a guy! 😎
Oh, and did I mention Elliott Wave Theory? Sure, because when you start talking about waves inside other waves, you know we’re knee-deep in advanced finance or maybe just really complicated horoscopes. Right now, we’re in Wave 3 of 3, but nobody wants to say where the top is. “Just wait,” they say. Okay, I’m waiting. Tick-tock.
Wave 4: The Hangover
So after all this bullish optimism, here comes Wave 4—a 40% correction. Like you went to a party, someone spiked the punch with hopium, and now it’s time for a hangover. CasiTrades is marking her calendar for late July, like it’s an important dentist appointment you’d rather skip.
And if (big “if,” folks) XRP hits $6.5, then we get a pullback to retest the old highs around $3.84. “Retest” is a nice way of saying “let’s see how many bag holders are still paying attention.”
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2025-07-09 23:18