$XRP Support Perfectly Reached! Now We Watch the Next Wave Up Closely! 🚀
Over the weekend, XRP perfectly touched the macro 0.5 support at $2.03 🎯 — exactly the level many traders had been watching. This touch has created bullish divergences, setting the stage for a potential bounce. The immediate target is around $2.26 to complete a subwave 2 📈.
The next wave is crucial ⚡. If the movement remains corrective, there could be a sharp rejection, pushing $XRP into subwave 3 down, which may break the 0.5 support and target the $1.65 macro support ⏬.
Scenarios to Watch:
📉 Bearish: Break below $2.03 → targets $1.65
📈 Bullish: Break above $2.41 → invalidates downside scenario
Key Levels:
Support: $2.03 (current), $1.65 (macro)
Resistance: $2.26 (subwave 2 target), $2.41 (key resistance)
Trading Strategy:
Stop-loss should be placed just below $2.03. Observe how this wave develops — whether it forms a corrective ABC pattern (typical for Wave 2) or starts to appear impulsive. A double top at $2.41 would still fit within the corrective structure. 🔍💎
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