I would be a fool if i did not admit that the possibility of $XRP marking a cycle low at the recent $1.08 point of contact is possible.
However, I would like to see further confirmation signals first; a foundation build/higher low or double bottom retest back towards the recent $1 low, and at a minimum both weekly 20/50 EMAs reclaimed ($1.35/$1.65).
Until then, this is still a countertrend rally underneath heavy resistance inside a macro downtrend, and our $0.90/$0.70 targets remain completely open and on the table.
I have tried my best to reinforce the idea that we are now in a major "area of interest" since dropping from $2 earlier in the year as we expected, to the recent $1 low.
These prices are macro gifts. Anything lower reinforces that idea even further.
We are highly unlikely to map the exact bottom to a tee, that was never the idea, but we have done a great job thus far.
The next few months will reveal all.