Elliott Wave Warns XRP of One More Dip Before the Real Move

XRP's recent relief bounce may not be the end of its current pullback, according to an Elliott Wave analysis. On the 1-hour chart, the theory shows that the latest bounce has not formed a lasting bottom structure. This suggests one more dip before XRP can make a real move.

The Elliott Wave structure is a way of analyzing price movements in financial markets. It involves identifying patterns and waves to predict future price action. In this case, the analysis indicates that XRP may still have one more drop before it starts rising again.