XRP Market Update – Testing Key Resistance Levels
XRP has hit the $2.16 target zone, a key level we’ve been watching across both the yellow (ABC correction) and blue (impulse wave) scenarios. This level was always a likely destination, and how price reacts here will dictate the next major move.
Current Structure & Scenarios:
The yellow scenario still holds weight, where the move is an ABC correction, and the recent wave reached the 100% Fibonacci extension – a typical target for wave C.
A pullback from here could lead to a fifth wave decline toward $1.55, especially if we break below Thursday's low.
This makes $2.16–$2.17 the critical zone to watch right now.
In the blue scenario, the structure suggests a diagonal pattern with wave 4 already completed.
If price pushes above $2.15, we could head toward $2.34 (138% Fib extension) – the ideal target for a third wave.
After that, we’d look for a wave 4 pullback, followed by another rally into wave 5.
Outlook:
XRP is hovering at a key inflection point.
A rejection here favors a bearish fifth wave.
A breakout above $2.15 opens the door to $2.34+, shifting preference to the bullish blue scenario.
Conclusion:
The next move will be crucial. Watch closely how price behaves around $2.15–$2.17. The market is still undecided, but whichever scenario plays out will set the tone for the coming days.
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