# XRP Break Below $2.50 Support Invalidates Bullish Count

## Overview
XRP's critical breakdown below the $2.50 support level has fundamentally altered the technical outlook, invalidating the bullish impulse scenario and confirming a corrective three-wave B-wave rally structure [JsXjbQDr338 @ 00:23, LQUlSxz1-0I @ 00:09].

## Key Technical Development

**Bullish Count Invalidation**: The break below $2.50 represents a decisive rejection of the white (bullish) Elliott Wave count, with the analyst stating "I really cannot clearly favor the white count anymore even though it's technically still valid" [JsXjbQDr338 @ 00:35, LQUlSxz1-0I @ 00:09]. The pullback has become "deeper than ideal" for a fourth wave scenario [JsXjbQDr338 @ 00:42].

**50% Retracement Breach**: The breakdown is particularly significant because XRP broke below the 50% Fibonacci retracement level at $2.50 [JsXjbQDr338 @ 01:20, LQUlSxz1-0I @ 00:22]. This technical violation makes it impossible to classify the upward move as a bullish impulse wave [LQUlSxz1-0I @ 00:27].

**Three-Wave Corrective Structure Confirmed**: The rally from October 10th is now clearly identified as a three-wave B-wave move rather than the beginning of a new bullish impulse [JsXjbQDr338 @ 00:23, 02:57]. The analyst emphasizes that "it's a three-wave move up" which confirms the corrective nature of the recent price action [JsXjbQDr338 @ 02:57].

## Downside Targets

With the bearish (yellow) Elliott Wave count now taking the lead [JsXjbQDr338 @ 01:27, LQUlSxz1-0I @ 00:32], XRP faces significant downside pressure. The next major support levels are identified at $2.17-$2.25 [JsXjbQDr338 @ 02:04, LQUlSxz1-0I @ 00:48]. Immediate support exists at a trendline around $2.40, followed by previous swing lows at $2.32 from October 22nd [JsXjbQDr338 @ 03:16, 03:23].

## Resistance Zone Strength

The breakdown underscores the formidable nature of the resistance zone between $2.69 and $2.84 [JsXjbQDr338 @ 01:53, 03:39]. A decisive break above this entire zone is required to unlock higher prices toward $3.40 and eventually $5.00 [JsXjbQDr338 @ 03:50]. However, the analyst notes that "we can't even break above initial resistance" [JsXjbQDr338 @ 03:58].

## Wave C Downside in Progress

The technical structure suggests that wave C to the downside is now unfolding [JsXjbQDr338 @ 03:32], with complete invalidation of the bullish white count occurring if XRP breaks below $2.32 [JsXjbQDr338 @ 03:03].