XRP (CRYPTO: XRP) has fallen roughly 29% over the past month, but some traders say the correction may be nearing exhaustion, setting up a potential relief rally.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| XRP | (CRYPTO: XRP) | $1.45 | $88.7 billion | +3.4% |
| Bitcoin | (CRYPTO: BTC) | $67,895.71 | $1.35 trillion | -0.8% |
| Ethereum | (CRYPTO: ETH) | $1,969.15 | $237.7 billion | -1.8% |
Trader Notes: Crypto trader Columbus said XRP appears to have completed a clear five-wave impulsive decline, often signaling the final phase of a broader corrective structure.
- Price is stabilizing near $1.05–$1.10, a key demand zone
- Area aligns with prior structural support
- Also matches a projected Elliott Wave completion region
If the correction is complete, Columbus sees scope for a multi-leg relief rally toward $1.80.
Trader …