XRP Update: Beware of This Downside Risk

In this video I break down the current XRP price action and analyze where the asset sits within its long-term market cycle. We explore the ongoing corrective structure, the implications of its correlation with Bitcoin, and the specific Elliott Wave counts that suggest further downside may be ahead. Whether you are tracking the potential for a deeper bear market or looking for signs of a trend reversal, this analysis covers the key support and resistance levels you need to watch. I also explain the technical requirements for a genuine market recovery, including the specific wave patterns and trend line breaks needed to invalidate the bearish outlook. By focusing on microstructure and Fibonacci extension targets, we identify critical price points like 98 cents and 75 cents as potential zones for future movement. Tune in to understand why current price structures might be setting up for lower levels rather than a sustained bull market. This breakdown is designed to help you navigate the current uncertainty in the crypto markets. We examine why short-term bounces often fail and what a valid one-two setup looks like on the charts to confirm a bottom. Use these insights to manage risk and better understand the macro outlook for XRP in the coming weeks. Timestamps: 0:00 - XRP market cycle 2:17 - Trend line confirmation 3:04 - Small time frame analysis ----------------------------------------------------------------------------------------- 🧿 MCO Global: 💻 https://www.mcoglobal.com/ ✉️ Join the FREE Newsletter: 👉 https://mcoglobal.com/newsletter/ 🧿 Join the More Crypto Online Community: 👉 https://www.mcoglobal.com/memberships OR 👉 https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR 👉 https://www.patreon.com/morecryptoonline 🧿 Join the MCO Stocks & S&P500 Community: 👉 https://www.patreon.com/moretradingonline ----------------------------------------------------------------------------------------- 🧿 Social Media: 👉 X / Twitter: https://x