Over the weekend, $XRP delivered a textbook reaction 👀
Price tagged the macro 0.5 support at $2.03 — the exact level I’ve been waiting for ✔️
That touch has now printed bullish divergences, setting the conditions for a bounce. From here, I’m watching a move toward ~$2.26, which would complete subwave 2 📈
🔍 WHAT’S NEXT?
This next wave is CRITICAL ⚠️
If the move up stays corrective, we could see a sharp rejection — leading into subwave 3 down, breaking the 0.5 support and opening the door for a deeper move toward $1.65 macro support ⏬
📉 BEARISH SCENARIO
❌ Break below $2.03 support
🎯 Target: $1.65 macro support
📈 BULLISH SCENARIO
✅ Break and hold above $2.41
🚀 Downside scenario invalidated
Momentum flips bullish
🎯 KEY LEVELS TO WATCH
🟢 Support: $2.03 (current), $1.65 (macro)
🔴 Resistance: $2.26 (subwave 2), $2.41 (key level)
🧠 TRADING STRATEGY
🛑 SL just below $2.03
I’ll be closely watching whether this move develops as:
a corrective ABC (classic Wave 2 behavior), or
an impulsive structure (bullish continuation)
⚠️ A double top near $2.41 would still fit the corrective case.
Stay sharp — the next XRP move will tell us everything 🔥
#XRP #CryptoAnalysis #ElliottWave #Altcoins #TradingSetup 📊🚀
