XRP Elliott Wave analysis indicates a wave 2 correction, focusing on $2.33 as a crucial level to monitor.
Recent price retracement saw XRP decline to $2.49 after reaching a high of $2.65, currently trading at $2.50.
Analyst Man of Bitcoin suggests a potential local top for XRP as per Elliott Wave structure, with $2.33 being a key support level for further downside.
XRP's price rally lacks strong demand support, with indicators like Price-DAA Divergence and NVT Ratio signaling potential price correction in the absence of genuine demand.