The analysis focuses on XRPUSD on a daily timeframe, noting that the asset is currently in a corrective phase, with downward pressure prevailing. The market is described as ranging, with key support identified between $1.20 and $1.55, and initial resistance between $2.69 and $2.84, with a broader upper boundary around $3.40. A rally is anticipated in Q1 of the upcoming year, potentially in January or February, conditional on upside momentum developing. The current market setup, based on an Elliott Wave 1-2 sequence, is acknowledged as speculative but is being tracked. Until a complete five-wave impulse to the upside is observed, the market remains vulnerable to further downside, with the short-term analysis indicating that one more low is highly probable. Bitcoin's correlation is mentioned, with a recommendation to review a separate Bitcoin 2026 outlook for broader market context. Despite short-term vulnerabilities, the long-term outlook for a Q1 rally remains a key consideration.