XRP Reaches Lower Price Zone as Elliott Wave Setup Maps a Potential Move Toward $2

XRP has returned to a lower price region around $1.20-$1.25, bringing the asset into an area that could complete a broader corrective structure if buyers begin defending the current range. The XRP/USDT perpetual daily structure on Bybit places XRP near $1.2516 on Nov. 2, closely matching the current spot price near $1.25. Trader Kayne, formerly known as Penguin, said XRP has now reached the lower area he had been watching. With several downside zones across the market already tested and timing beginning to align, he said the current conditions give him little reason to remain bearish. The chart supports that view through an Elliott Wave structure that treats XRP’s latest decline as a potentially mature correction rather than the beginning of a new major downtrend.

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