đ¨Still Ranging, Still Valid. XRPâs Setup for a Final Wave Down! đ¨
XRP is also at a major decision point... Price continues to test the Wave 4 highs. This resistance is keeping another wave down totally valid!
đTo invalidate that move, XRP needs to break and hold above $2.82 (on Binance). So far, it hasnât! Weâre still ranging between support and resistance, which leans toward this being a Wave 4, needing one final move lower before the next macro impulse.
When a V-shaped recovery is forming, price breaks through resistance immediately and decisively, thatâs not happening here. The hesitation suggests sell pressure isn't fully exhausted yet. đ¨
Exchanges are aligning toward their .618 retracements, with Binance showing $1.35 â $1.46. This next wave down would complete the macro Wave 2 correction, setting the stage for the next Wave 3 impulse that could carry XRP toward $6.50 or $10.00! đ
These deeper support levels arenât a reason to panic. Theyâre high-conviction accumulation zones! đŻ
Exchange discrepancies continue to make analysis tricky. Binance wicked to $0.77 during the liquidation eventđwhile Coinbase never reached its .618 retracement. Always chart on the exchange youâre actually trading! Until $2.82 breaks, the probability still favors one final wave down before the next major move up!