TL;DR
- XRP may have just finished its flat correction, paving the way for a lovely new surge.
- With a five-wave count, this asset might be entering Wave 3 or Wave 5 of a grander trend.
- ABC and WXY patterns suggest the correction phase is behind us-finally!
XRP, the “Mysterious Lady” of Cryptos, May Have Finished Her Correction
Ah, XRP. A creature of many moves, and now, perhaps, she is ready for her next grand gesture. Crypto analyst EGRAG CRYPTO has whispered (in an Elliott Wave sort of way) that this illustrious asset may have finished her little flat correction. Yes, dear reader, we are potentially at the dawn of something truly exciting.
According to the analysis, XRP’s correction looks a tad like a flat correction. It’s all very elegant, really. Three waves have graced our presence: A, B, and C. EGRAG, ever the cautious observer, notes that Wave B didn’t quite reach Wave A-but really, who can blame it? Sometimes, even the best have their off days. The important question is whether this pattern marks the end of the entire correction-oh, the suspense!
#XRP – The Throwback Phase Is Finished If… (Update):
Let me zoom in and give you a proper breakdown of this lovely wave pattern, darling. Hold on to your seats.
Zooming in: (1/5) I’m about to take you through a careful analysis-don’t get dizzy!
– EGRAG CRYPTO (@egragcrypto) September 16, 2025
This wave structure could very well be part of a larger, more complex market cycle. It’s all very mysterious, but one thing seems clear: XRP may have moved beyond the throwback phase.
Chart Patterns-The Secret Language of the Market
A rather simplified chart, courtesy of EGRAG, presents the classic ABC pattern. It’s the favorite of the market when pulling back, like a retreating lover. But wait-there’s more! A WXY pattern also appears, which is much more intricate and speaks to more complex market movements, as if the market were plotting its next grand adventure.
When ABC and WXY patterns appear together, it’s often the signal that a correction may soon come to an end-hallelujah! EGRAG mentions that when the B wave in an ABC pattern shows strong upward movement, it could mean the market is prepping for another delightful rise.
A separate wave count has been shared, showing five smaller waves post-correction. Ah, the beloved five waves-such an elegant touch! According to Elliott Wave Theory, this indicates that XRP is likely stepping into a more glorious upward phase.
And, of course, the five-wave count is a wonderful sign that XRP may be beginning either Wave 3 or Wave 5 in the larger cycle. Let’s toast to that, shall we?
“The strength of the 5-wave pattern reinforces the notion that the corrective phase has ended,” EGRAG exclaimed.
The real intrigue lies in whether this was Wave 2 or Wave 4. Should it be Wave 2, then we’re likely entering the robust and rather strong Wave 3. Hold onto your hats, it could get thrilling.
XRP Price and ETF Updates-The Plot Thickens
As of now, XRP is sitting pretty at $3.03, with a lovely $5.1 billion in 24-hour volume. A modest 2% rise in the last 24 hours, along with slight gains over the past week. Not bad, dear XRP, not bad at all.
Oh, and do keep an eye on the REX-Osprey XRP ETF (ticker: XRPR)-it’s launching this week, after a few delays, of course. It’s all very exciting, isn’t it?
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2025-09-16 13:05