💠 $XRP Market Update – Key Support in Play 💠

📌 Current Context:

Wave 4 low likely set Aug 2–3; bullish scenario valid above $2.85.

Price now in upper support zone → small reaction seen, still within parameters.

Resistance at $3.40 remains the main breakout barrier.

📊 Scenarios:

1️⃣ Primary Bullish:

Hold $2.85 → consolidation between $2.85 and $3.40 before breakout.

Break above $3.40 = strong upside potential.

2️⃣ Alternative (White Count):

Break below $2.85 → likely drop to $2.66 (structural support), then $2.46 – $2.21 (Fibonacci zone).

Structure: A-wave down → B-wave up → C-wave down.

🛡 Key Levels:

$2.85 – Bullish line in the sand.

$3.40 – Major resistance; break = bullish confirmation.

$2.66 & $2.46–$2.21 – Bearish support targets.

⚠ Macro Note:

Recent pullback partly triggered by higher-than-expected US PPI data → reduced odds of a Sept rate cut.

Short-term pressure, but structure still intact.

📈 Summary:

Bullish bias remains if $2.85 holds.

Break below → watch lower supports.

Still a choppy 3-wave move up from Aug low → breakout may take time.

#XRP #Crypto #TechnicalAnalysis #MarketUpdate