Analyst: The Market Got Ahead of Itself. XRP Price Correction Isn’t Done Yet

Crypto trader and analyst CasiTrades has provided a detailed update on XRP’s near-term price structure, emphasizing that the recent upward reaction in the market does not imply that the corrective phase has concluded. The move higher following news of the Mastercard partnership led to a brief test of the upper boundary of the projected subwave structure, with the price reaching approximately $2.41. However, this level did not hold, and the rejection that followed reinforced the analysis that the correction remains in progress. CasiTrades notes that although the price temporarily reached the highest reasonable extension for subwave four, the candle closes did not break below the previous Wave 1 low. This detail is key in maintaining the broader Elliott Wave count that has been guiding the ongoing correction. Holding that boundary keeps the corrective roadmap viable and mirrors the expectation shared in earlier commentary. The Market Got Ahead of Itself… XRP’s...

https://timestabloid.com/analyst-the-market-got-ahead-of-itself-xrp-price-correction-isnt-done-yet/