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Ripple (XRP) Flashback Update: Wave 5 Downside ContinuationRevisiting our discussion from May 18 2026, the broader outlook already pointed toward increased volatility and downside pressure as macro uncertainty weighed on crypto assets. That scenario has since unfolded, with price action aligning closely with the bearish structure we highlighted at the time.
Looking at Ripple (XRP) on the 4-hour chart now, the market is extending lower with strong momentum following the completion of a bearish ABCDE triangle formation within wave 4. This structure appears to have acted as a terminal consolidation phase before the initiation of wave 5.
Wave 5 now appears to be in full development, pushing price action toward the key psychological and structural support around the 1.0 level. Within this final impulsive leg, the current movement can still be interpreted as a corrective sub-wave “iv” pullback inside wave 5. As long as price remains below the 1.29 invalidation level, the bearish structure remains intact, and the probability favors continuation lower into wave “v” of 5.
In terms of short-term structure, any temporary recovery should be treated cautiously, as it is likely part of internal wave progression rather than a trend reversal. The broader technical picture continues to favor downside continuation until wave 5 completes and a larger degree correction can begin forming.
Overall, the market remains in a late-stage bearish phase, where final wave exhaustion toward the 1.0 support zone is becoming the primary focus. Short 
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BTC – Is History Repeating Once Again?To locate and time a potential cycle bottom, I am comparing the current Bitcoin cycle to the previous ones. 🧠
Interestingly, the structure continues to look very similar.
Just like in prior cycles, BTC is now retesting previous major highs, marked in green. Historically, these former resistance zones have often acted as support during major corrections before the next bull market began. 🔑
At the same time, the MACD is showing another encouraging sign. After months of bearish momentum, its angle is now starting to shift from downward to upward, similar to what happened near previous cycle lows. 📊
However, the bulls have not taken control yet.
For the next bull run to begin, a monthly candle close above the 9-period moving average is needed. Until that happens, the current recovery remains a potential bottoming process rather than a confirmed bullish reversal. ⚠️
The coming months could be critical as Bitcoin attempts to repeat the pattern seen in previous cycles.
Will history repeat itself one more time? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr 
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EURUSD Bearish as Middle East Tensions Support USDHey Traders,
In today's trading session we are monitoring EURUSD for a selling opportunity around the 1.17100 zone. EURUSD is trading in a downtrend and currently is in a correction phase, with price approaching the **1.17100 support and resistance area**, which aligns with a key trendline resistance zone.
From a macro perspective, the US Dollar continues to benefit from ongoing geopolitical uncertainty and persistent inflation concerns. Following another round of overnight developments involving the United States and Iran, markets remain focused on the risk of further escalation and its potential impact on global energy markets.
As long as tensions remain elevated and there is no clear resolution regarding the Strait of Hormuz, inflation risks are likely to stay in focus. This supports higher interest rate expectations and continues to provide a strong fundamental backdrop for the US Dollar.
At the same time, the Euro remains vulnerable as investors favor the safety and yield advantage of the dollar in the current environment. With EURUSD correcting into a key resistance zone within a broader bearish structure, rallies continue to look attractive for sellers.
As long as price remains below the **1.17100 resistance zone**, the bearish structure remains intact, and we anticipate continuation toward lower support levels.
Trade safe, Joe.
