Bitcoin and Ripple eye higher: Elliott Wave analysis

Gregor Horvat Wavetraders

Bitcoin, BTCUSD is showing first evidence for a potential bottom formation in the 4-hour chart, but because of three-wave rise from the lows only, we are observing a complex (W)-(X)-(Y) corrective rally that can send the price higher within wave (Y), especially if current decline is a corrective within wave (X).

Bitcoin 4h Elliott Wave analysis

Ripple, XRPUSD is down again in the 4-hour chart, but for now we are still observing a complex (W)-(X)-(Y) corrective rise. However, keep in mind that recent rally was in three legs only and that it hasn't reached June 2021 lows yet, current rally could be still as part of a three-wave correction of a bigger ending diagonal, especially it the price drops back below 0.60 region.

Ripple 4h Elliott Wave analysis

Check more of our analysis for currencies and cryptos in members-only area. Visit Wavetraders for details!

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.