The analysis indicates that XRP is currently in a corrective phase that began in mid-July after reaching a high of around $3.65-$3.70. A three-wave downward movement is ongoing, and recent price action shows a break below the August low. This increases the likelihood of a B-wave pullback. This scenario allows for either an impulse to $4.06 or diagonal pattern interpretation, with both scenarios remaining valid, although yellow scenario is more likely. With a break below the 50% retracement level ($2.74), the white scenario starts to lead toward $2.21. The next support level lies around $2.65 followed by $2.46 and $2.21. A micro five-wave move upward is needed to indicate a low has formed; for now, there is an ongoing correction. The pressure appears downward until above the trend line, and a break above the $3.10 level would need to happen for upward movements to be made.