1 week ago
XRP (CRYPTO: XRP) has fallen roughly 29% over the past month, but some traders say the correction may be nearing exhaustion, setting up a potential relief rally.
Trader Notes: Crypto trader Columbus said XRP appears to have completed a clear five-wave impulsive decline, often signaling the final phase of a broader corrective structure.
- Price is stabilizing near $1.05–$1.10, a key demand zone
- Area aligns with prior structural support
- Also matches a projected Elliott Wave completion region
If the correction is complete, Columbus sees scope for a multi-leg relief rally toward $1.80.
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