[00:06] Break Below Support Signals Bearish Shift: XRP's break below the upper micro support area demonstrates the strength of resistance. The breakdown occurred on October 10th, followed by a recovery that formed a three-wave B-wave rally pattern rather than a more bullish structure.

[00:32] Critical $2.50 Level Broken: The price broke below $2.50 support, making it difficult to favor the bullish white count. The pullback is getting deeper than ideal for a fourth wave in an impulse pattern, requiring an immediate turnaround to keep the bullish scenario alive.

[01:14] Elliott Wave Provides Objective Levels: The analyst emphasizes how Elliott Wave analysis gives objective levels for decision-making. Breaking below $2.50 and the 50% retracement means the impulse up scenario cannot be clearly favored, with the yellow bearish count taking the lead.

[01:53] Key Resistance Zone at $2.69-$2.84: The analyst stresses the importance of the resistance area between $2.69 and $2.84. Any further downside pressure opens the door to support levels around $2.17-$2.25 as the next larger support targets.

[02:27] Exchange-Specific Structure Inconsistencies: Different exchanges show different swing lows from the October 10th bottom, making the structures unconvincing and unclear. This requires remaining flexible with multiple scenarios rather than forcing one outcome.

[03:04] White Count Invalidation at $2.32: The bullish white count will be invalidated at the latest once price breaks below $2.32, the swing low from October 22nd. The three-wave move up suggests a corrective pattern rather than impulsive bullish structure.

[03:35] C-Wave Downside Now Unfolding: Wave C to the downside appears to be unfolding. First support is a trend line around $2.40, followed by previous swing lows around $2.32 where price found support before and could see a reaction.

[03:47] Break Above Resistance Required for Rally: A break above $2.69-$2.84 resistance zone is needed to unlock prices toward $3.40 (previous highs) and eventually $5.00 targets. However, the price cannot even break above initial resistance, requiring patience.