🔍 Current Market Overview
$XRP is showing short-term upside momentum, reacting well to the first micro support zone between $0.250 and $0.259.
For the last few days, price action has been consolidating between this support range and nearby micro resistance levels.
At the moment, XRP is squeezed between support and resistance, so the key question is:
➡️ Can we hold support?
➡️ Can we break above resistance?
🧠 Support & Resistance Zones
Support Zones: $0.250, $0.254, and $0.260
Resistance Zones: Starting at $0.269, extending up to $0.284
This resistance area was previously strong support in August and September, making it a critical flip zone to watch.
If $XRP holds above support, there’s a good chance of continuation to the upside.
However, a drop below $0.250 would invalidate the current bullish bias.
⚡ Wave Count & Fibonacci Targets
Even under the alternative yellow count, where Wave (B) could be forming a local top, the C-wave of (B) ideally targets $2.71 — aligning perfectly with the 100% Fibonacci extension.
So regardless of the count, a test of $2.71 was expected — and we’re now right there.
If we begin to see rejection from this level, it could confirm Wave (C) of 2 forming.
On the other hand, if support holds, we could soon see a fifth wave to the upside begin.