XRP faces short‑term downside risk, targeting the key support levels of $1.09 and $0.87, with the correction nearing its end.
🚨 The XRP Destination Hasn't Changed 🚨
ripple:native is making a new local low and heading back toward the major .786 support at $1.09.
The final destination hasn't changed. The path is what's being challenged...
The larger macro target remains $0.87, but the lack of a retracement has made the lower timeframe structure less clear.
Right now, I see two possibilities:
🟠 Scenario 1: That tiny correction was the entire W2. It's unusual since it only reached a .236 retracement, but we've seen recent trends cut W2s short. If that's the case, XRP could make a sharp move directly toward $0.87. Because W3 would land at the major support, there's a chance the final 5th wave fails if liquidity is cleared on the first test.
🔴 Scenario 2: XRP finds support again at $1.09, then retraces into a more typical W2. That would place retracement near $1.18, which mirrors price action recently in this area. From there, a larger W3 would target $0.87. Again, chance of the failed 5th if liquidity is picked up with the first test.
Either way, we're tracking subwaves, not making trading decisions from them.
The macro levels remain:
📍 $1.09 (.786)
📍 $0.87 (.854)
Those are the only levels that matter! We're getting very close to the end of this correction!!
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