XRP Forecast: Two Competing Wave Scenarios That Could Determine the Next Major Move

Based on the 4-day XRP chart analysis, exploring both the continuation of the bullish trend and the potential long term adjustment. Main gold scenario: Another peak before a larger correction for XRP The main structure monitored by MCO, known as the "yellow scenario", indicates that XRP is completing a five-wave Elliott wave cycle that started from the low in 2013. In this scenario: Wave 1 to 3 has been completed. Wave 4 is forming a triangle. Wave 5 is expected to push XRP to a new all-time high (ATH). According to the Elliott wave principle, the completion of a five-wave pattern from a macro low often signals the beginning of a significant correction. In this case, MCO suggests a potential pullback back to the $0.40–$0.50 range—approximately where Wave 4 previously formed. Although some may doubt the likelihood of such a decline, history has shown precedent. After peaking at nearly $3.40 in 2017, XRP fell to $0.11, highlighting that significant corrections are part of the cryptocurrency market cycle.

Despite the recent bearish movement, MCO still believes that the current pullback lacks the strength and structure to confirm a macro top. Therefore, the analyst continues to support the idea of a final bullish push. Alternative white paper scenario: The bullish market began in 2020 The alternative scenario "white scenarios" interprets the current structure of XRP differently. Instead of ending the macro bullish cycle, this model assumes that the bullish market only started in 2020. The implications are: The current move is part of a larger third wave. Two more waves (4 and 5) are still expected to complete the cycle. The adjustment will still occur, but it may be less severe than the bullish scenario. The adjustment wave, when it occurs, may coincide with the timing and scale of the previous wave two adjustment, which could take up to a year to unfold. MCO classifies this scenario as unlikely to happen but still within the realm of possibility. Short term structure and important levels for XRP Zooming into shorter time frames, MCO observes a five-wave structure developing from the April low. However, the pattern is not clearly defined and the bullish momentum seems limited. While XRP continues to create higher highs and lower lows, the market remains in a rather fragile state. The main price levels to watch include: $2.12 ( Wednesday's low ) – Holding above this level will maintain a bullish outlook, with a potential target in the range of $5.00–$6.60. A drop below $2.12 could trigger a broader wave B correction, targeting the support zone of $1.84–$2.01. Conclusion The outlook for XRP remains constructive in both scenarios, with an additional bullish move expected before a larger correction. Whether XRP completes the full macro five-wave structure or continues the more recent bullish cycle, the asset appears poised for a bullish move in the near future. However, investors should prepare for the final volatility and the possibility of a pullback. As usual, being aware of key support levels and wave developments is crucial in managing risk and identifying trading opportunities. For more detailed information, viewers can follow More Crypto Online on YouTube, where technical updates and wave counts are frequently shared.