XRP Finds Critical Support at $2.3 Amid Descending Channel According to market analyst Ether Wiz, XRP has established a strong support level at $2.3, marking a potentially pivotal point in its ongoing price action. As of now, XRP is trading at $2.42 , hovering just above this lower boundary of a descending channel, signaling a crucial area where buyers may step in to stabilize the market. Descending channels typically indicate a bearish trend, with prices making lower highs and lower lows over time. The fact that XRP has found support at the channel’s lower edge suggests that market participants recognize this as a value zone, potentially halting further downside in the short term. Ether Wiz notes that this support level has historically acted as a buffer, absorbing selling pressure and allowing accumulation to occur before any significant upward movements. Why is caution needed? Well, XRP’s approach to the $2.3 support marks a low-risk entry for potential rebounds. A confirmed bounce here could trigger a stronger rally, while a break below the channel may signal further downside, underscoring the need for careful risk management. While the market remains volatile, Ether Wiz suggests that XRP’s support at $2.3 could act as a launchpad for short-term gains, particularly if bullish sentiment strengthens. XRP’s Technical Outlook: Analyst Sees $10+ as Conservative Wave 3 Target According to Korean market analyst XForceGlobal, XRP is on the verge of a significant breakout , with a conservative Wave 3 target projected at over $10. The analyst highlights that the macro structure paints a distinctly bullish picture, underpinned by clear accumulation patterns and a firmly established price floor following nearly a year of distribution. Over the past several months, XRP has traded within a compressed range, reflecting investor hesitation amid broader market uncertainty. However, XForceGlobal’s Elliott Wave analysis suggests that the asset has completed a prolonged corrective phase and is now transitioning into a new impulsive cycle, one that could potentially propel prices into double-digit territory. “The local charts may appear choppy, but the macro view shows strong structural integrity,” the analyst noted. “After such a long distribution phase, XRP’s recent behavior indicates accumulation by strategic players, laying the groundwork for a powerful upward move.” While short-term fluctuations are expected as traders navigate local inefficiencies, the overarching structure, according to XForceGlobal, suggests XRP is entering a major growth phase. Should the projected Wave 3 scenario unfold as anticipated, XRP could not only reclaim previous highs but potentially establish a new paradigm of value within the digital payments ecosystem. Conclusion Ether Wiz’s observation that XRP has found support at $2.30, with the market trading around $2.42, marks a defining technical moment. A confirmed bounce from this lower channel boundary would validate the recent accumulation and could spark a measured rally toward nearby resistance, whereas a decisive break below would open the door to further downside and a deeper correction. On the other hand, despite minor market inefficiencies, the alignment of macro accumulation, tightening supply, and solid fundamentals sets the stage for a high-probability Wave 3 surge, with XForceGlobal conservatively targeting $10.