XRP Price Analysis: Wave-3 Breakout Potential For $XRP, wave-3 ideally targets at least the 1.38 Fibonacci extension level on the upside. To sustain upward momentum, the key micro support level sitting at $1.937 needs to hold. If this support holds, we could see significant push higher into the wave-3 extension territory. Keep an eye on these levels—they're critical for XRP's near-term directional move.

The market trend on January 3rd gave us a pretty interesting validation opportunity. In the morning, our technical analysis of Bitcoin was bearish around 90,500, with a target of 89,000. As expected, the market indeed declined from the 90,456 level, reaching a low of 89,261, with a total drop of 1,195 points. This was almost perfectly in line with the technical prediction, which is why we trust technical analysis—data doesn't lie. Once a key technical level is effectively broken, the subsequent trend generally becomes a high-probability event. The same logic applies to mainstream crypto assets like Ethereum and Ripple. In the short term, this technical validation has strengthened our confidence in observing the upcoming movements. The rising expectations of Fed rate cuts will inevitably continue to influence the overall market sentiment, and combining fundamental and technical analysis allows us to better grasp the market rhythm.