The Trust Layer for Market Analysts

XRPUSD is currently in a short-term range, holding below a critical resistance at $2.03. The market has been in a corrective phase since the move up from the December low, which was a three-wave advance, indicating a lack of impulsive bullish momentum. The market is seen consolidating within a sideways range between $2.03 and $1.84. The analysis suggests that the price should continue to grind lower towards the $1.77 to $1.68 zone, with $1.68 being identified as an ideal target for a specific wave structure based on Fibonacci extensions (88.7% and 161.8%). Key levels for observation are the $1.84 structural support and the $2.03 structural resistance. A breakout above $2.03 would invalidate the short-term bearish bias, though not necessarily signal a bullish reversal due to the overall corrective market foundation. On a larger timeframe (1D), XRPUSD has been in a broad range for over a year, with significant resistance between $2.69 and $2.84. The immediate focus remains on the $1.84 to $2.03 range, with a projected move lower expected before any significant breakouts on larger timeframes.