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#Fed Ends Novel Activities Supervision# XRP Reaches $2.96 Support Perfectly. What’s Next? 🚀
As expected, $XRP dropped into the .382 retracement at $2.96. 🎯We even got a wick to $2.94 (subwave .618 target) that quickly reclaimed the major $2.96. This is exactly the kind of behavior we want to see at a market bottom! 😍
On the RSI, we’ve got bullish divergence on the 15-min and 1-hr RSI, and the wave down printed a clean 5-waves. This adds to the idea that this was the bottom the market was hunting! 🎯🎯
#XRP may linger or re-test $2.96 while # Bitcoin finishes its move to $112k support. 👀
📉This is a great example of why I analyze each asset to its own chart! XRP already reached and is holding support; $BTC hasn't. XRP does not mirror BTC here. Bitcoin can make a new local low while XRP DOES NOT!
From these support lows across the market, I expect things to turn exciting and bullish! 🚀
Bitcoin plan is: from $112K support, a Wave 2 bounce toward $120–$122K - without making a new high. Wave 2 remains valid unless a new high prints. During that BTC Wave 2, I'm watching the pattern for a corrective ABC, not an impulsive 5 wave. I’m expecting XRP (and other large caps) to push to new highs, targeting $4.80+. The structure of BTC’s Wave 2 should help our confidence - corrective on BTC while impulsive upside resumes on XRP.
✍️XRP hit and held its $2.96 (.382) with a textbook bottom - wick down, bodies holding support, bullish divergences on 15-min/1-hr, and a complete 5-down into the level. BTC likely needs one more small, exhausted low to $112K to finish W1/A; that does not mean XRP must make another low. Once BTC starts its corrective Wave 2, I’m looking for XRP to take off and press toward $4.80