Next Stop: $2.07 – The Moment of Truth for XRP 🚨
XRP is currently undergoing a controlled correction, not a breakdown. After the initial dip to $2.10, we saw a textbook backtest of $2.145, aligning with the .382 Fibonacci retracement and confirming our wave 4 target. Now, all eyes are on the $2.07 confluence zone for a potential final low.
Why $2.07 matters:
It’s the golden .618 retracement of the latest move up.
The 1:1 extension for wave C.
The .618 extension of C’s 5th subwave.
When multiple Fibonacci levels stack up, these zones often act as strong pivots for price action. On top of that, RSI is building bullish divergence across several timeframes, and selling pressure continues to weaken. This suggests a mature correction into a major support—where smart money typically positions for the next move.
If XRP holds around $2.07 and confirms support, we could see a strong bounce toward $2.25 and potentially $2.69 in the coming waves. However, if $2.01–$2.07 fails to hold, a deeper correction could follow, so risk management is key.
Watch for a clean reaction near $2.07. A decisive bounce here could ignite the next bullish leg! 🚀
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Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly.