The analyst observes XRPUSD on the 1-hour timeframe, indicating a short-term potential for a corrective bullish bounce. The analysis initiates from a swing low established on December 19th. A five-wave impulsive move upward, followed by a three-wave corrective move down, has been identified. The market is currently testing a micro support area spanning from $1.81041 to $1.86274. For confirmation of a sustained upside, the analyst emphasizes the necessity of observing a full five-wave impulsive rally, followed by a subsequent three-wave corrective retracement. This would ideally establish a new support base for further upward price action. While a broader, larger-degree upside reversal is not anticipated at this juncture, a short-term corrective bounce is considered probable. Immediate resistance levels are projected around $1.96471, with a key Fibonacci 100% extension target at $2.01400. A critical resistance point is also noted at the previous swing high of $1.89, which occurred on December 20th. Any break below the $1.81041 micro support would invalidate the near-term bullish outlook, shifting the focus to lower support levels at $1.77375 and $1.68432. The current price action, marked by three-wave movements from the micro support, does not yet provide sufficient confirmation for a robust bullish reversal. The market is approached with cautious optimism for higher prices, provided the $1.81 support level is maintained.