XRP has been trading above $1.40 in recent days, with buyers still trying to 
push on momentum after the pullback from the May 10 high. The cryptocurrency’s 
price has not broken down, but it has also failed to confirm a stronger upside 
continuation. This leaves the 1-hour chart in an important position. However, 
the XRP count is still valid. The current wave count now depends on notable 
price levels, which include whether XRP can hold above support at $1.40 and 
avoid a break below the key $1.38 swing low. XRP Pullback From May 10 Still 
Looks Corrective Technical analysis of XRP&#8217;s price action on the 1-hour chart, 
which was posted by a crypto analyst on the social media platform X, shows 
that the decline from the May 10 high has not been random noise. The main 
argument in the analysis is that XRP’s decline from the May 10 high has 
unfolded as a three-wave move. This has unfolded in an ABC structure, not the 
kind of five-wave impulsive decline that would precede a trend reversal. 
According to Elliott Wave analysis, three-wave declines are corrective 
structures, especially when they develop inside a larger range and fail to 
take out the prior swing low. Related Reading: Is It Time To Sell? Bitcoin 
Price Enters Redistribution Phase That Previously Led To A 78% Crash The key 
swing low is currently around $1.38, and it is now the level holding the 
current wave count together. This level has also served as an important floor 
for XRP for the past 30 days, making it the structural base of the short-term 
setup. A sustained hold above $1.38 would keep the bullish wave count valid, 
while a break below it would weaken the case for another leg higher. XRP Price 
Chart. Source: @Morecryptoonl On X Price Levels To Watch Out For The first and 
most important level to watch is $1.38. This is the swing low holding the 
current wave count in place. Above that, the nearest support area is the 
Fibonacci levels between $1.40 and $1.42. These prices are important because 
they capture the internal B-wave support region. However, this is not the 
strongest support area, as B-waves can often move through Fibonacci levels 
before finding a proper reaction. Related Reading: Ripple CEO Reveals What It 
Would Mean For XRP Holders If The Company Went Public At the time of writing, 
XRP is trading at $1.47. On the upside, the first major resistance to watch is 
around $1.51, which is the same area XRP failed to sustain after the May 10 
high. A daily close above this level would mean that the pullback has ended 
and that XRP is beginning another rally phase. After $1.51, the next levels to 
watch are around $1.59 and $1.67, before the larger projected C zone between 
$1.75 and $1.76 comes into view. These are all targets based on Elliott Wave 
counts of XRP&#8217;s price action. Featured image created with Dall.E, chart from 
Tradingview.com

XRP Wave Count Remains Valid: Here Are The Levels To Watch Out For

Bitcoin price continued consolidating above the key $80,000 psychological 
support level this week as improving institutional sentiment and strengthening 
technical structure fueled speculation that bulls may soon attempt a breakout 
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Strategy now holds 818,869 Bitcoin, worth roughly $66 billion at current 
prices — a position that has become the largest corporate Bitcoin reserve 
anywhere in the world. That stockpile keeps growing, and the instrument 
fueling much of the buying just broke a record. Related Reading: Bitcoin Faces 
Major Test As 37% Recovery Collides With Bear Resistance A New Kind Of Funding 
Tool STRC, the company&#8217;s Variable Rate Series A Perpetual Stretch Preferred 
Stock, recorded $1.53 billion in trading volume on Thursday — the highest 
single-day figure it has ever posted. Chairman Michael Saylor announced the 
milestone on social media, calling it an all-time high in liquidity. The 
preferred stock, known informally as Stretch, has become Strategy&#8217;s go-to 
method for raising money to buy Bitcoin in 2026, stepping in as other funding 
channels have grown harder to access. Senior convertible notes and at-the- 
market equity offerings have both tightened over the past year, pushing the 
company toward preferred stock as its primary capital source. All-time high 
volume. $1.53B of liquidity. Two cents of volatility. Closed at par. $STRC 
pic.twitter.com/aS0dSlkm7d — Michael Saylor (@saylor) May 14, 2026 Stretch 
works by paying investors an 11.5% dividend without touching the company&#8217;s 
common shares. That structure keeps existing shareholders from being diluted 
while still bringing in fresh capital. Based on data from the STRC.live 
tracker, Thursday&#8217;s trading performance could allow Strategy to raise an 
estimated $735 million — enough, in theory, to acquire around 9,066 Bitcoin. 
Whether the company will move forward with a purchase based on those funds 
remains unclear. The Broader Bitcoin Buying Spree Strategy&#8217;s pace of 
acquisition has picked up sharply. The company has bought 56,770 Bitcoin since 
April and more than 101,000 since March, bouncing back after a slow February. 
Bitcoin&#8217;s own price movement has helped the math: the recent rally to around 
$81,000 pushed above Strategy&#8217;s average purchase price of $75,543, putting its 
holdings up 7%. During a first-quarter earnings call on May 5, Saylor said he 
wants Stretch to become the largest credit instrument in the world. Reports 
indicate the company posted a $1.25 billion net loss in Q1 as Bitcoin fell 
during that period, though the situation has since shifted with the price 
recovery. Strategy is not alone in using this type of structure. Strive 
announced Thursday that holders of its own preferred stock, SATA, would begin 
receiving daily dividends starting June 16 — a faster payout schedule than the 
monthly distributions Stretch offers. Tokyo-based Metaplanet has also raised 
funds through preferred stock instruments called MARS and MERCURY to buy 
Bitcoin. Related Reading: XRP Holders Put On Alert As David Schwartz Flags 
Dangerous New Scam A Crowded Field With One Giant Nearly 200 public companies 
now hold Bitcoin on their balance sheets. Strategy remains far ahead of all of 
them. Its 818,869-coin position dwarfs every other corporate holder, and the 
company shows no signs of slowing the accumulation. Preferred stock, for now, 
is the engine making that possible. Featured image from Free3D, chart from 
TradingView

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XRP Wave Count Remains Valid: Here Are The Levels To Watch Out For

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