In my last update, I pointed out the importance of the currency $XRP maintaining the 0.382 retracement level at $2.96. It is true that the market lost this support, but XRP did not record a new bottom below the 0.5 retracement at $2.77, which means that the overall plan is still intact.
Currently, the currency is moving between resistance at $2.96 (0.382) and support at $2.77 (0.5), which is still a reasonable range within the overall plan.
As for Bitcoin $BTC , it still has some downward movement ahead if it wants to test lower levels, perhaps down to $112,000 in a more balanced manner. The RSI has room to pull back, but the market overall is forming a rising bottom, and selling is starting to lose momentum. We are waiting for confirmation as the second wave (Wave 2) begins to form...
As for #XRP 
, the Relative Strength Index (RSI) still has room to move. We must remain flexible and patient as usual! If Bitcoin records a slightly lower bottom, XRP may return to test the $2.77 support again, which would be a very pivotal support – a Double Bottom scenario, which is considered a strong buying opportunity! 💪
From these low levels, a breach of the $2.96 level and then $3.21 again would mean regaining the consolidation area and confirming that XRP is preparing for a rise. The major targets are still in place, with $4.80 remaining in focus alongside Bitcoin completing its second wave.
This scenario suggests that major altcoins will record new all-time highs while Bitcoin does not, which will form a clear signal for the market.
