📊 $XRP – Daily & Lower Timeframe Market Update

Bigger Picture:

$XRP remains in a larger uptrend from the April low, with the yellow scenario (bullish) still preferred. Alternative white and blue counts exist but require deeper support breaks to confirm.

📌 Key Levels:

Critical Resistance: $3.40 – strong multi-year resistance from Jan 2024 and 2017–2018 highs

Next Upside Targets (on breakout): $3.80 → $4.30 → potential $4.70 extension

Key Supports:

Upper micro support: $3.13 (weak)

Structural support: $2.85 (must hold to keep bullish scenario alive)

Break below Aug low = alternative counts gain probability

📈 Current Structure:

Likely in wave 3 of a larger 5-wave move from April low

Smaller timeframe holding upper micro support despite sector-wide weakness

Break above $3.40 = momentum toward $3.80–$4.30

Break below $3.13 = higher risk of deeper retracement toward $2.85

⚠️ Market Notes:

Last decline from July 18 high was a 3-wave move, not a confirmed 5-wave down → no sign yet of larger bearish reversal

$3.40 level historically hard to break → expect possible retest of lower support before breakout

Wave 4 consolidation patterns are often messy and frustrating, so patience is key

🎯 Larger Target:

If the bullish yellow scenario plays out, XRP could aim for the $5 region in the current cycle.

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