XRP continues to maintain its macro bullish structure despite experiencing a deeper corrective move than initially anticipated. Although price action has tested lower levels, it has not confirmed a higher-timeframe breakdown, suggesting the pullback is still part of a broader consolidation within an ongoing uptrend rather than a full trend reversal.
XRP Dips Deeper, But HTF Level Still Holds
In a recent XRP update, Hov noted that price action pushed deeper toward the lows than what would typically be acceptable for the previously considered diagonal scenario. The move forced a reassessment of the short-term structure. Despite that deeper sweep, the broader setup has not completely broken down.
Importantly, XRP has yet to produce a higher-timeframe close below the critical support level. Price is holding the area by a narrow margin, and as long as a decisive HTF breakdown is avoided, the broader bullish structure cannot be invalidated.
Given the recent price behavior, Hov adjusted the corrective count, labeling the structure as a sideways combination correction within a larger-degree Wave 4. The pullback delivered a precise tag of the 50% retracement level, adding technical confluence to the idea that this could be a mature corrective phase rather than the start of a broader reversal.
The next key development to watch is a clear five-wave advance from the recent low. XRP has already shown a clean micro five-wave structure off the bottom; something many other altcoins are lacking, as they continue to print overlapping three-wave moves instead. That relative structural strength keeps the bullish case alive.
A sustained push toward the $2 region in a confirmed Wave 5 would increase confidence that a durable low is in place. From there, analysts would look for a controlled wave 3 retracement into support as confirmation, signaling that the market is preparing for continuation rather than a deeper breakdown.
Technical Structure Remains Firmly Bullish
XRP continues to maintain a technically bullish posture despite recent consolidation. Price action has pulled back, but the broader structure has not shifted into bearish territory. Momentum may have cooled, yet the underlying trend remains constructive.
According to Steph Is Crypto, the key level to monitor is the 200-week moving average. As long as XRP holds above that long-term indicator, the macro uptrend remains intact. In previous market cycles, sustained bearish phases often began after a decisive break below this level, something that has not occurred in the current setup.
At present, XRP appears to be consolidating within a broader bullish framework, meaning the structure still favors upside continuation unless proven otherwise. Trend dynamics have not flipped, and until major support gives way, the long-term outlook stays technically positive.
