$XRP is holding up better than the market average and is still above the trendline after re-wicking the imbalance zone and sweeping the liquidation.

$XRP short and mid term

The area where it wicked and received support in the last decline is positive, the imbalance area I shared in the previous analysis and it was filled. Here is also the golden ratio of the last swing in the internal structure.

Also, after breaking the declining trend resistance, it was the third retest and remained above it.

Although the 30-day rising trend was broken and could not be regained, according to price action and liquidation concepts, there is no problem as long as it is not permanent under the green box.

In the possibility of the short-term decline continuing, wicking below the 1.96 level and immediately closing the candle above it again may provide good buy/long opportunities.

A 4H close above 2.73 should be seen to confirm that the correction is over.