Analyst Outlines What She's Watching for On XRP

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Crypto market analyst Tara has released a detailed technical outlook on XRP, emphasizing that near-term price behavior is closely tied to Bitcoin’s evolving wave structure.

In her analysis, Tara explains that XRP has already met a critical resistance level and may face additional downside pressure if Bitcoin undergoes a short-term correction before resuming its upward move.

According to Tara, XRP has already reached its textbook 0.382 Fibonacci resistance near $1.53. She notes that this level has acted as a technical ceiling in the current structure, aligning with expectations based on prior price action. However, the analyst stresses that the outlook for XRP cannot be assessed in isolation, as Bitcoin’s wave count remains incomplete.

Bitcoin’s Expected Correction and Its Impact on XRP

Tara outlines a scenario in which Bitcoin experiences a short-term pullback toward approximately $65,800. She states that such a move would still be consistent with the broader bullish structure, provided Bitcoin subsequently pushes higher toward the 0.5 resistance level near $75,400. In this context, XRP could see a retracement toward the $1.30 area, which Tara identifies as short-term support.

She further explains that, if this support holds, XRP could attempt another upward wave, with potential upside extending to the 0.5 Fibonacci level near $1.65. Tara emphasizes that this level, which previously served as support, has now become resistance, making it a key area for market participants assessing trend continuation.

Deeper Downside Scenario Tied to Bitcoin Support at $52,200

Tara also addresses a more bearish alternative. She states that if Bitcoin were to establish a new low around the $52,200 support region, the implications for XRP would be more severe. Under this scenario, XRP could decline toward its 0.786 Fibonacci support near $0.87.

She highlights that this level is technically significant, noting that it aligns with the 0.618 extension for the fifth wave and corresponds to a price gap left during the liquidation event. Tara indicates that this confluence of technical factors strengthens the importance of the $0.87 zone as a potential area of interest if broader market weakness develops.

Macro Outlook Remains Intact Despite Short-Term Volatility

Tara concluded by stating she would continue to provide updates as the market structure develops, underscoring that current price fluctuations should be viewed within the context of the technical picture.

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