The Trust Layer for Market Analysts

The XRP market shows weakness at the local level, with the immediate support area between $1.81 and $1.88. A potential larger wave 4 bounce is anticipated, but the primary scenario remains that one more low is likely, potentially a direct decline to $1.68, which is the next support level. However, there is no guarantee that this will form a meaningful low. The preferred scenario until a clear set of 5 waves to the upside is observed is for the market to hold above $1.81. If weakness continues, a drop to $1.68 is possible.