I'm observing XRP's movement over the past few days. The price is now at $1.38 and down 4.95% this week. But those looking at the long term know that this patient approach works.

Looking at the wave structure, it’s clear that a pattern is forming. A 2.44% gain per month means the market still sees some potential. Analysts who are patient and thorough say that there is a next target level here.

Volume is $28.62 million, market cap is $85.31 billion. At this level, patient buyers are looking for entry points. The historical high is $3.65, so there is room for those who are patient. According to Elliott Wave Theory, once this correction ends, the next leg will begin.