The analysis focuses on XRP's price action, identifying a bounce from a key support level established around the 18th or 19th of December, with a swing low at approximately $1.77. This bounce is observed to have initiated at the 78.6 Fibonacci retracement level, which is situated at $1.81, now acting as the lower boundary of a critical micro support zone. The prevailing market structure is interpreted through Elliott Wave theory, identifying a preceding 5-wave impulse move to the upside, followed by a 3-wave ABC corrective pullback. The current price trajectory reflects this corrective phase, suggesting a potential for a subsequent bullish impulse. The immediate price at the time of analysis is approximately $1.815. An inferred target price for the anticipated upward movement is $2.15, corresponding to previous resistance levels. This bullish projection would be invalidated if the price were to breach the $1.75 level, signifying a continuation of the bearish momentum.