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🚨Still Ranging, Still Valid. XRP’s Setup for a Final Wave Down! 🚨
XRP is also at a major decision point... Price continues to test the Wave 4 highs. This resistance is keeping another wave down totally valid!
📉To invalidate that move, XRP needs to break and hold above $2.82 (on Binance). So far, it hasn’t! We’re still ranging between support and resistance, which leans toward this being a Wave 4, needing one final move lower before the next macro impulse.
When a V-shaped recovery is forming, price breaks through resistance immediately and decisively, that’s not happening here. The hesitation suggests sell pressure isn't fully exhausted yet. 🚨
Exchanges are aligning toward their .618 retracements, with Binance showing $1.35 – $1.46. This next wave down would complete the macro Wave 2 correction, setting the stage for the next Wave 3 impulse that could carry XRP toward $6.50 or $10.00! 🚀
These deeper support levels aren’t a reason to panic. They’re high-conviction accumulation zones! 🎯
Exchange discrepancies continue to make analysis tricky. Binance wicked to $0.77 during the liquidation event👀while Coinbase never reached its .618 retracement. Always chart on the exchange you’re actually trading! Until $2.82 breaks, the probability still favors one final wave down before the next major move up!
#XRPCommunity #XRPArmy
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