XRP
▼ ShortOpen1D · 18 May 2026
Entry
1.38
Stop loss
1.55
Target
0.95
Reward (R:R)
+2.59R
The analysis
Ripple is trading below the upper resistance/stop area after getting rejected near 1.5487. As long as price stays below that level, the setup remains bearish, with the chart projecting a move down toward 0.9533.
In Elliott Wave terms, XRP appears to have completed an A-B-C-D-E corrective triangle. Wave E rejected near the upper boundary, and the expected move is a downside thrust out of the triangle toward the projection target.
Wave count: ABCDE triangle thrust