XRP Gears Up for a Major Comeback After Seven Downswings
XRP nears the end of its seven-wave correction, with signs of a base forming and a potential bullish reversal on the horizon.
According to renowned financial trader Matthew Dixon, XRP may be nearing the end of its current downtrend and preparing for a bullish reversal.
XRP has completed seven downward waves, a structure often interpreted in technical analysis as a corrective phase.
This formation, he explained, typically precedes a fresh upward movement, suggesting that XRP’s bearish cycle could soon give way to renewed strength.
His analysis aligns with Elliott Wave Theory, which uses wave patterns to predict market reversals driven by investor psychology and cyclical trends.
Author's summary: XRP prepares for a potential rebound.