The analysis focuses on XRPUSD on a short-term timeframe, utilizing Elliot Wave principles. A micro 5-wave decline has been identified subsequent to a local price top, interpreted as a B-wave. This pattern suggests the commencement of a C-wave correction towards the downside, with an inferred target region around $1.77 or lower. The analysis highlights a rejection from a resistance area between $2.10 and $2.11, implying that earlier bullish forecasts for new highs based on breaking these levels may have overlooked critical overhead resistance and the broader 5-wave decline structure. The overall market context for XRPUSD is deemed not clearly bullish. This assessment is predicated on a 3-wave upward movement originating from the December swing lows, followed by a pronounced 5-wave decline from the January high. Furthermore, the subsequent move to the upside from the January low is also characterized as a 3-wave pattern, indicating a corrective rather than an impulsive structure, reinforcing the bearish outlook for the C-wave. A move above $2.15 would invalidate this bearish C-wave hypothesis.