While XRP is currently navigating a correction within the larger five-wave impulse that began in 2023, experts believe it’s just Wave 4. This latest dip, according to Elliott Wave specialist More Crypto Online (@Morecryptoonl), does not signify the start of a new bear market. His analysis highlights the key micro-support zone at $2.07 and how this level is essential for maintaining the bullish momentum toward a potential Wave 5 target of $14. The chart shows XRP tracing a textbook five-wave advance since the 2022 bear-market low, with Wave 3’s peak near $3.40 earlier this year, and currently staying above the Wave 4 invalidation zone. More Crypto Online emphasizes that as long as the price stays above the November 26th low at ~$2.14, the structure remains valid. He also notes a standard Fibonacci relationship suggests the ideal Wave 4 target is between $2.05–$2.18, a region where buyers have repeatedly stepped in this week. The article analyzes the price action and its implications for the future of XRP: if bulls defend the crucial support zone at $2.07 and reclaim the $2.60 level quickly, Wave 5 will begin, with targets of $6–$8 and an extended moonshot potential to $14 (1.618 × Wave 1-3 measured move). On the other hand, a weekly close below $2.07 would break this higher-low sequence, turning the structure into an ABC corrective rally, leading to prices dropping towards $1.50 or even lower. On-chain metrics offer positive signals for XRP: Ripple’s escrow releases remain on schedule, daily active addresses are rising again, and exchange supply continues to decline as institutions load OTC. Meanwhile, perpetual funding rates have flipped negative, indicating heavy short positions – classic fuel for an explosive short squeeze once Wave 5 kicks in. For now, the entire XRP community has a single price target: $2.07. Hold it, and the path to double-digit prices stays open. Lose it, and the bears gain control into 2026. The countdown is on.