Over the weekend, $XRP tagged the macro 0.5 support at $2.03 perfectly — the exact level many were watching. 🎯 That touch has already sparked bullish divergence, setting the stage for a potential bounce. From here, a push toward ~$2.26 looks likely to complete subwave 2.
What Comes Next?
This upcoming move is crucial.
If the bounce stays corrective, a sharp rejection could follow, opening the door to subwave 3 down — potentially breaking the 0.5 support and aiming for $1.65 macro support. ⏬
If price breaks and holds above $2.41, the bearish case is invalidated and momentum shifts back in favor of the bulls. 📈 $XRP
Scenarios at a Glance
📉 Bearish: Lose $2.03 → target $1.65
📈 Bullish: Break above $2.41 → downside invalidated
Key Levels
Support: $2.03 (current), $1.65 (macro)
Resistance: $2.26 (subwave target), $2.41 (key level)
Trade Management
A tight stop-loss just below $2.03 makes sense here. The structure of this move will tell the story — whether it unfolds as a corrective ABC (typical Wave 2) or begins to show impulsive strength. Even a double top near $2.41 would still fit the corrective narrative.
📌 Patience here is key — the next wave will set direction.
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