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XRP has experienced a pullback from recent highs around $2.41 and is currently consolidating below $2.00. The speaker notes the current price is around $1.91. On shorter timeframes (1H, 4H), the RSI is neutral/forming a double bottom, Stochastics are reset from oversold, and MACD is returning to zero, indicating potential for a bounce. The overall expectation is a move higher, aiming for the golden ratio zone between $2.77 and $2.92, with potential to retest previous highs around $3.60. This bullish outlook is contingent on the immediate 4-hour candle closing green and maintaining current support. A break below the immediate low of the consolidation range, inferred to be around $1.88, would invalidate the bullish thesis, potentially leading to further downside towards $1.80 or even $1.20-$1.40.