📊 $XRP Weekly & Micro Market Update 📊

XRP is consolidating below the critical $3.40 breakout level, a multi-year resistance from both Jan 2024 and late 2017/early 2018. A decisive break above this level could open the path toward $5.00 and potentially higher targets.

📍 Key Long-Term Levels:

Major Resistance: $3.40 (must break for bullish continuation)

First Macro Target: $5.00 – $5.60

Extended Targets: $10 – $13 (Fibonacci 50% extension)

Extreme Bull Case: $30 (less probable in near term, but possible with strong volume and structure)

📈 Wave Structure & Scenarios:

Primary (Yellow) Scenario:

Wave 1 → 2 → 3 → Wave 4 triangle → Wave 5 in progress

Target zone for Wave 5: $5.60 – $13

After hitting this zone, larger Wave 2 pullback possible before further upside

Alternate Scenario:

Wave 4 bottomed in March 2020 → ongoing 5-wave macro pattern

Could eventually push toward $30, but over longer timeframe and with pullbacks

🔍 Short-Term (Micro) View:

Price testing $3.19 (38.2% retracement), potential Wave 4 low

Break above $3.40 → likely Wave 5 extension up

Break below $3.13 → risk of diagonal pattern forming with choppier price action

Below $2.58 → bullish structure at risk, likely deeper correction continuing from July 18

💡 Summary:

$3.40 = make-or-break level for bulls

$5.60+ possible if breakout confirmed

Below $2.58 = bullish invalidation for current wave count

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