XRP’s Structure Suggests a Sweep to $2.03 Before a Reversal

Analysis suggests that XRP continues its trajectory toward the key Fibonacci support level of $2.03, as indicated by the market structure. The current correction, labeled Wave 2, may push prices towards this level before a potential upward reversal. Trading activity remains below the $2.41 resistance level, leaving room for deeper targets like the $1.65 zone. Key drivers behind XRP’s movement include strong institutional interest fueled by ETF progress and the accumulation of large investors, often referred to as whales.