๐จ$XRP Is Heading Towards a Critical Retest at $2.04 Support! ๐จ
XRP has shown some bullish momentum after bouncing off a .618 local retracement... This opens up a bullish scenario, but there is STILL a potential of reaching the $1.64 macro .618 support! This next test at $2.04 will decide which one weโre following.
Right now, XRP is likely heading back to retest the macro .5 Fib at $2.04. That level has been the most important support in this entire correction. We've broke strongly above and the market will need to flip it to support in order to continue.๐
๐ขScenario 1 - Bullish New Trend:
If $2.04 holds, XRP could break above $2.41 resistance and push toward $2.65, confirming a new bullish wave structure is forming. That move would strongly suggest the macro low is already behind us with targets toward $7โ$10 highs.
๐ดScenario 2 - Bearish .618 Support Test:
If $2.04 fails to hold, XRP would likely head toward $1.64, completing the full macro .618 retracement before launching into the macro Wave 3.
๐ This next $2.04 test is the decision point.
