Elliott Wave

The S&P 500 remains locked in a complex Elliott Wave correction, with traders watching whether price action confirms a renewed rally or a deeper pullback. A move above 7,551 would strengthen the bullish case, while a break below 7,348 could shift attention toward the 7,140 area.

XRP buyers defended the $1.11 area after a volatile drop, but the rebound has yet to generate a confirmed breakout above $1.14-$1.15. ETF inflows remain supportive, while delayed regulatory progress leaves traders focused on technical confirmation.

XRP pushed through the closely watched $1.14 area on heavy volume before sellers capped the advance near $1.158. The move has shifted attention to whether former resistance between $1.1400 and $1.145 can now hold as support while traders monitor the next resistance levels.