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XRPUSD is currently in a corrective phase according to Elliott Wave Theory. On the daily timeframe, two primary scenarios are considered: a bullish '1-2 setup' leading to a third wave rally targeting $4.50-$5.00+ if the current support holds, or an extension of wave 4 into the $1.21-$1.55 region if the 10th October low (around $1.55) is broken. The speaker notes XRP's historical tendency for prolonged sideways movements. On the 1-hour timeframe, price action is described as noisy, lacking a clear trend, with immediate resistance at $2.03 and support levels around $1.84, $1.77, $1.72, and $1.68. The current short-term tendency is seen as lower towards $1.68, with no reliable short-term setup identified.