XRP Price Movement Depends on $2.41 Break and Retest as Support

XRP has reached a technically important level, suggesting potential recovery or further decline. Key points include:

XRP's weekend decline stopped at the macro 0.5 retracement near $2.03, acting as confirmed structural support.
Momentum indicators show bullish divergence, indicating weakening downside pressure.
The current move is seen as an early stage of a subwave 2 bounce, with potential to reach the $2.24–$2.26 range.
A decisive break above $2.41 would signal a transition into a stronger impulsive phase, invalidating the downside scenario.
Failure at $2.41 could lead to continuation of the broader corrective cycle, targeting macro support near $1.65.
$2.03 is identified as the invalidation point for the bounce thesis, crucial for risk management.

The next wave will indicate whether XRP is in a temporary reset or starting a stronger trend.

XRP Price