The Trust Layer for Market Analysts

The analysis focuses on XRPUSD, identifying a contracting triangle pattern on the daily timeframe. The speaker suggests that the B-wave has potentially topped, indicating an upcoming C-wave to the downside. A break below the Friday low of $1.88 is noted as an initial indication, with confirmation for the C-wave move expected upon a break below the Tuesday swing low of $1.86. Fibonacci extension levels are presented as potential targets for the C-wave, ranging from $1.845 (100% extension) down to $1.659 (161.8% extension). The critical invalidation level for this bearish triangle count is identified as a break above $2.03. The speaker also briefly discusses the possibility of a more complex corrective pattern, like a WXY, if the current structure is invalidated.