XRP Gears Up for a Major Comeback After Seven Downswings

XRP’s Seven-Wave Correction Could Signal Imminent Reversal According to renowned financial trader Matthew Dixon, XRP may be nearing the end of its current downtrend and preparing for a bullish ￰0￱ highlighted that XRP has completed seven downward waves, a structure often interpreted in technical analysis as a corrective ￰1￱ formation, he explained, typically precedes a fresh upward movement, suggesting that XRP’s bearish cycle could soon give way to renewed ￰2￱ financial trader explained that the seven-wave correction from overhead resistance is a classic setup, once this structure completes, the odds of a rebound or even a rally rise ￰3￱ analysis aligns with Elliott Wave Theory, which uses wave patterns to predict market reversals driven by investor psychology and cyclical trends.

Therefore, XRP’s market structure remains solid above the crucial $2.20 support, signaling that bullish momentum could soon return if this level holds. Historically, similar multi-wave corrections have preceded strong rebounds once selling pressure ￰4￱ XRP Forming a Base After Reclaiming $2.30? After enduring seven consecutive corrective waves, XRP has recently shown signs of stabilization, reclaiming the $2.30 mark, a level that could prove pivotal for its next ￰5￱ to market commentator Z988 Crypto, XRP might be forming a base , setting the stage for a potential rally-base-rally pattern, a classic setup signaling renewed bullish momentum after a consolidation phase.

Z988 Crypto suggests that this pattern, if confirmed, could mark the transition from correction to accumulation, a necessary precursor to any sustainable uptrend. “The overall outlook still leans bullish,” the analyst noted, emphasizing that XRP’s structure continues to hold higher lows, a subtle yet crucial indicator of strengthening market ￰6￱ short-term volatility, investor sentiment toward XRP remains upbeat, driven by growing adoption prospects and the market’s shift toward utility-focused ￰7￱ liquidity building and a stronger base forming, XRP could be gearing up for a decisive breakout in the weeks ￰8￱ XRP’s short-term path may include another retracement, the broader technical setup suggests an emerging bullish ￰9￱ the asset can maintain support above $2.30 and reclaim momentum indicators, the stage could be set for a rally-base-rally continuation pattern, signaling renewed strength and possibly the beginning of XRP’s next major ￰10￱ Matthew Dixon’s analysis signals a critical inflection point for ￰11￱ seven-wave correction appears complete, and fading bearish momentum suggests a potential bullish ￰12￱ short-term volatility may persist, breaking key resistance levels could confirm a decisive upward shift.

Furthermore, a successful defense of the $2.30 support zone, coupled with improving momentum, could confirm a rally-base-rally pattern—potentially marking the start of a renewed bullish phase.