Analysts Report XRP’s Structure Still Targets a Sweep of $2.03 as Key Levels Hold

XRP remains in a corrective Wave 2 pattern that may extend toward the $2.03 Fibonacci support.

Trading stays below $2.41, keeping the path open for deeper targets including the $1.65 zone.

Whale accumulation and ETF progress maintain strong institutional focus despite market pressure.

XRP continues to move within a corrective pattern, and the broader market structure still points toward the macro 0.5 Fibonacci support at $2.03. The current movement remains choppy because Wave 2 patterns often form through overlapping swings. Analysts note that this path was expected, and the structure remains valid while price stays below the macro 0.382 level at $2.41. At the time of writing, XRP was trading at $2.13.

Corrective Structure Moves Toward Key Fibonacci Levels

According to analysis prepared by Casi Trades, XRP is still likely moving toward the macro 0.5 support at $2.03. The analyst stated that Wave 2 patterns rarely fall in a straight line, and the current choppiness reflects normal corrective behavior. The market formed lower highs and lower lows as the decline progressed, and each move aligned with deeper Fibonacci retracement zones.

The chart includes the macro 0.382 resistance at $2.41, and this level remains the invalidation point for a deeper drop. Analysts say that XRP continues to trade below this line, and the structure continues to point toward a sweep of $2.03 before a stronger reversal attempt

The macro 0.618 level at $1.65 also stays valid, and Wave 2 patterns regularly reach this area when consolidation stretches for long periods. Data from on-chain providers shows RSI forming a rising line while price moves lower, and analysts view this as part of the corrective path. The broader structure prepares the market for the next expansion phase once the downward targets complete.

Liquidity Trends and ETF Interest Shape Market Focus

According to data reported by Santiment, only 58.5% of XRP supply is in profit, marking the lowest level in one year. About 41.5% of tokens remain at a loss, which adds pressure during rebounds when holders attempt to reduce exposure

Source: Glassnode(X)

CoinMarketCap data also shows a slight decrease in circulating supply on exchanges, which may reduce short-term liquidity. Institutional attention continues as Franklin Templeton prepares its spot XRP ETF for launch

A Bloomberg analyst observed that the structured progress in filings keeps XRP in active discussions among large investors. Whale activity remains strong, and Steph Is Crypto reported that whales accumulated over $2.36 billion worth of XRP in one week, bringing totals to 9.74 billion XRP.

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