BULLISH 📈 : XRP Maintains Macro Bullish Structure Despite Deeper Correction

XRP's Market Position

XRP maintains a macro bullish structure, despite a deeper corrective move.
No higher-timeframe breakdown has occurred, suggesting the pullback is part of ongoing consolidation within an uptrend.
Critical support levels have not seen a decisive breakdown, keeping the broader bullish structure intact.

Technical Analysis Insights

The recent price behavior prompted a reassessment, labeling the structure as a sideways combination correction within a larger Wave 4.
The market hit a 50% retracement level, indicating a mature corrective phase rather than a reversal.
A clear five-wave advance from the recent low suggests structural strength compared to other altcoins.
A sustained move towards the $2 region in a confirmed Wave 5 would indicate a durable low and potential for continuation.

Long-term Outlook

XRP's technical posture remains bullish despite consolidation.
The key level to monitor is the 200-week moving average; maintaining above this suggests the macro uptrend continues.
As long as major support levels hold, the long-term outlook stays positive.

XRP