The Trust Layer for Market Analysts

The analysis focuses on XRPUSD, which is currently in a sideways triangle pattern. The speaker identifies a five-wave decline as wave A and a three-wave bounce as wave B, anticipating a C-wave to the downside. The overall market pressure is considered downward. Key target levels are derived from Fibonacci extensions, specifically aiming for around $1.77 and $1.73. A break below the swing lows in the $1.86-$1.87 area would confirm further downside towards these targets. Conversely, a break above $2.03 would invalidate the current bearish micro-structure, indicating a potential shift in momentum. The current price is approximately $1.89, consolidating within the corrective triangle before a potential continuation of the downtrend.