The larger time frame for $XRP remains unchanged since the last update, but the smaller time frame is now showing interesting developments that could determine whether we are at the start of a meaningful reversal—or just witnessing another corrective bounce.
🔎 Market Structure Overview
On the higher time frame, $XRP continues to hold the last swing lows.
The recent move down has unfolded as a three-wave correction, but momentum since the September low has been upward and healthy.
The big question: Will this bounce develop into a five-wave impulsive move, signaling a possible upside reversal?
📈 What to Watch on the Smaller Time Frame
We are tracking whether the current rally forms five waves.
If confirmed, this would mark a potential Wave 1 up, followed by a Wave 2 pullback that should hold a higher low.
Without five clear waves, the risk remains high that this is only a corrective bounce (trap).
🎯 Key Levels in Play
Third wave target: The 1.382 Fibonacci extension gives an ideal target near $0.36.
Support for Wave 4: Between $0.291 – $0.297, if we pull back.
Resistance confluence:
$0.36 zone
Major trendline intersection
Previous swing highs
Fibonacci resistance
