#XRPETF is currently quoting around $0.52 and faces a mixed technical scenario. According to Elliott waves, it might be completing a corrective wave (ABC) after reaching recent highs at $0.74. The structure suggests that if it holds support at $0.48, it could initiate a new impulsive phase seeking levels of $0.60 and subsequently $0.70. However, a break below $0.48 would indicate weakness and a possible pullback towards $0.42. Volume has decreased, reflecting indecision in the market. Additionally, the pending legal case of Ripple against the SEC continues to generate volatility and uncertainty, affecting the overall sentiment towards XRP in the short term.