The analysis suggests that the market remains under pressure but is holding at the Fibonacci support area. There is no sufficient buy reaction to confirm that the low is in. The analysis tracks a diagonal pattern to the downside on the XRP chart, suggesting a potential downward movement could be complete. The move requires an upside momentum and is facing difficulties in calling the move up a five-wave move. A break above the red line is needed. The analysis indicates the resistance zone and a potential extension if it's a Wave 4. The analysis should not break above 17.8 cents, and needs to break above the resistance zone.