bullish

<ul>
 <li>Mathew Dixon says XRP is forming an early bullish impulsive Elliott Wave, with Wave 3 completing at the 1.618 “golden ratio.”</li>
 <li>Price holding above the Wave 1 high is key, with the current Fibonacci retracement zone and neutral RSI supporting a healthy pause before a potential next leg up.</li>
 <li>If the structure holds, a Wave 5 advance could follow, offering a favorable risk-reward setup.</li>
</ul>
Crypto analyst Mathew Dixon has shared a technical outlook suggesting that XRP may be entering the early stages of an impulsive move to the upside.&nbsp;According to Dixon, recent price action aligns with a developing Elliott Wave structure, a framework commonly used to identify trend continuation and momentum-driven advances. 
The analyst argues that XRP’s recent rebound is not random, but rather part of a larger impulsive sequence that could set the stage for further upside if key structural levels continue to hold. 
<h2 id="wave-count-suggests-momentum-is-building">Wave Count Suggests Momentum Is Building</h2>
In <a href="https://x.com/mdtrade/status/2001159890128265338" target="_blank" rel="noopener noreferrer nofollow">his analysis</a>, Dixon notes that Wave 3 has already completed and measured precisely 1.618 times the length of Wave 1, a ratio widely known as the “golden ratio” in Elliott Wave theory. 
This proportional relationship is often associated with strong momentum phases and is considered a hallmark of healthy impulsive trends. Wave 4, according to Dixon, is currently unfolding as an alternate corrective structure rather than a sharp breakdown. 
This type of consolidation typically reflects digestion of gains rather than trend exhaustion, increasing the likelihood of another push higher once the correction resolves. 
Also Read: <a href="https://36crypto.com/xrp-has-spent-70-days-below-its-50-week-sma-heres-what-analysts-say-is-coming-next/" target="_blank" rel="noopener noreferrer nofollow">XRP Has Spent 70 Days Below Its 50-Week SMA, Here’s What Analysts Say Is Coming Next</a> 
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> appears to be in the early stages of forming an impulsive structure to the upside. Wave 3 is precisely 1.618 X wave 1 (Golden Ratio) Wave 4 is an alternate structure and should resolve higher soon. Entry points are “dips” above wave 1. Stop-losses are a fraction below wave… <a href="https://t.co/bhH5CLzFT1" rel="noopener noreferrer nofollow">pic.twitter.com/bhH5CLzFT1</a> 
 — Matthew Dixon – Veteran Financial Trader (@mdtrade) <a href="https://twitter.com/mdtrade/status/2001159890128265338?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 17, 2025</a> 
</blockquote>
 
<h2 id="key-levels-to-watch-on-the-chart">Key Levels to Watch on the Chart</h2>
The accompanying chart highlights XRP’s recent sharp sell-off followed by a strong rebound, with Fibonacci retracement and extension levels clearly mapped out.&nbsp;<a href="https://36crypto.com/chartnerd-says-xrp-between-moonshot-or-major-sweep-heres-what-could-happen-next/" target="_blank" rel="noopener noreferrer nofollow">Price has retraced</a> into the 0.618–0.786 Fibonacci zone, an area often associated with higher-probability corrective pullbacks within impulsive trends. 
Importantly, XRP has so far remained above the Wave 1 high, a critical condition for the bullish wave count to remain valid. Dixon emphasizes that dips above the Wave 1 level represent potential entry zones, while a decisive move below that level would invalidate the impulsive structure. 
<h2 id="rsi-and-market-behavior-support-consolidation">RSI and Market Behavior Support Consolidation</h2>
The chart’s Relative Strength Index (RSI) adds further context to the setup. After dipping into oversold territory during the sharp decline, RSI has rebounded into the mid-range and is now consolidating around neutral levels. 
This behavior is consistent with a Wave 4 pause, where momentum cools before a potential Wave 5 advance. Rather than signaling weakness, the RSI structure suggests the market is resetting momentum while maintaining bullish potential. 
<div id="attachment_58422" style="width: 100%" class="wp-caption aligncenter">
 <img src="https://36crypto.com/wp-content/uploads/2025/12/mathew-xrp-chart-scaled.webp" alt="mathew dixon xrp" width="2560" height="1792" title="Analyst: XRP Is in Early Stages of Forming an Impulsive Structure – What It Means 1">
 Source: Mathew Dixon/X
</div>
<h2 id="what-comes-after-a-five-wave-move">What Comes After a Five-Wave Move</h2>
Dixon notes that once a full five-wave impulsive structure is completed, <a href="https://36crypto.com/big-news-8540000-xrp-just-triggered-1-01b-etf-inflows-what-it-means-for-price/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> would be expected to enter a corrective phase before potentially beginning another five-wave advance.&nbsp;This stair-step progression is typical of sustained uptrends, where corrections serve to reset conditions rather than end the move. 
From a risk perspective, Dixon highlights that stop-loss levels can be tightly defined just below Wave 1, offering what he describes as a favorable risk-to-reward profile.&nbsp;Initial upside targets imply a risk-reward ratio greater than 3:1, while the broader structure could offer returns closer to 10:1 if the full wave sequence plays out. 
<h2 id="cautious-optimism-as-structure-develops">Cautious Optimism as Structure Develops</h2>
While Dixon describes the setup as a “perfect trade” from a structural standpoint, the analysis hinges on XRP maintaining support above Wave 1 and continuing to respect its impulsive framework.&nbsp;Failure to do so would negate the bullish thesis and shift the outlook back toward consolidation or further downside. 
For now, XRP appears to be in a critical development phase. If the current Wave 4 resolves higher as expected, the next leg could confirm whether this early impulsive structure evolves into a broader trend continuation or stalls before reaching its full potential. 
Also Read: <a href="https://36crypto.com/xrp-army-celebrates-big-xrp-ledger-move-heres-what-happened/" target="_blank" rel="noopener noreferrer nofollow">XRP Army Celebrates Big XRP Ledger Move – Here’s What Happened</a> 
The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/analyst-xrp-is-in-early-stages-of-forming-an-impulsive-structure-what-it-means/">Analyst: XRP Is in Early Stages of Forming an Impulsive Structure – What It Means</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.

Analyst: XRP Is in Early Stages of Forming an Impulsive Structure – What It Means

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