Market analyst Mr. Xoom believes that the ongoing pullback of XRP, despite the broader bearish market, is the completion of Elliott Wave 4. XRP has been unable to surpass the $2 price level since December, experiencing a pullback after reaching a peak of $2.9. Mr. Xoom's chart shows that XRP completed Waves 1 and 2 in September to November 2024, with the bullish Wave 3 starting in early November and ending in December. The current pullback represents Wave 4, which Mr. Xoom expects to conclude around the $2.14 region. Once Wave 4 is complete, a bullish Wave 5 could push XRP to a new all-time high of $5, according to Mr. Xoom. The current market conditions and oversold conditions indicate potential growth for XRP. To overcome the bearish state, XRP must break above the 20-day SMA and the upper Bollinger Band.



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