The analyst assesses XRPUSD on the 1H chart. XRP currently sits at $3.10 and the chart analysis indicates that XRP has been moving sideways, a pattern it often maintains for extended periods. The price is holding above Fibonacci support, identified as a critical zone. It helps determine bullish versus bearish momentum. The analyst is concerned that the recent upward movement concluded as a three-wave pattern, suggesting a B wave rally. A corrective pullback reinforces this complexity in the corrective structure. The support zone at $2.85 is key for distinguishing between scenarios. 3.17 level is the micro resistance. A break above 3.17 would suggest a move towards $3.40.