XRP - 4H Elliott Wave Analysis - 22.08.25XRP / TetherUSBINANCE:XRPUSDTKanashimiBroLooks as if XRP is in another of it's famous sideways consolidation phases! We assume the high which we created in July was the blue Wave 3 and we are currently working on the blue Wave 4 for which we have two scenarios for. Scenario 1: The Wave 4 is forming as a triangle displayed as pink ABCDE as we see corrective price action in the moves up and in the moves down at the same time. Additionally we get lower highs and higher lows. It seems that we have the Wave AB and C of the triangle in and are currently working in Wave D which should form as another ABC. Today's rally is presumably the Wave A of the ABC in Wave D. The Wave D target area is between the 0.382 FIB at 2.9985 USD and the 0.886 FIB at 3.3093 USD. After the D Wave we would like to see the E Wave which can be shallow follow by a breakout to the upside which would take us to a new ATH. Scenario 2: In this scenario the pink Wave A and B still stay the same but we assume that we are not in a triangle and we get a deeper Wave C. As already mentioned in previous analyses this deep Wave C should take us to 2.52 USD or even lower. In this scenario we would need to count the move up that we started in April as a diagonal or even some corrective structure to the upside. We deem that scenario 1 has the higher probability of playing out but it is important to know about the alternative and the risks that come with it. A break below the pink A Wave which sits at 2.7280 USD would invalidate the idea of a triangle and shift probabilities towards scenario 2. Thanks for reading. NO FINANCIAL ADVICE.