As XRP enters a key correction zone, whether it can hold around $1.44 has emerged as a core variable for the next rise.

The Crypto Basic, a blockchain outlet, reported on Oct. 7 that the current pullback falls into Wave 2 under Elliott Wave analysis, and cited $1.88 as the next resistance level on the upside.

The reference price on the weekly XRP/USD chart is $1.4980. The recent high was $1.6992 and the low was $0.9852. In the weekly structure, the first upward leg has already ended and the subsequent correction is classified as the current Wave 2 pullback. The key is whether this correction remains a pause or leads to a deeper decline.

On the chart, support zones based on Fibonacci levels are $1.5693, $1.4446 and $1.2939. XRP is currently trading between the top two zones. The near-term focus is whether buying can defend the mid-$1.40s and prevent additional correction toward the $1.29 area.

The weekly chart also marks a past consolidation range. That leaves room for prices to remain range-bound for a while rather than immediately establishing a direction. If it slips below $1.2939, the situation would require a reassessment of the overall structure rather than the current upward scenario.

On the upside, $1.8815 was presented as the first extension zone. That is about 26 percent above the reference price of $1.4980. The next major extension level is $2.9032, about 94 percent above the reference.

Higher upside zones open only after clearing these resistance levels. The chart’s Wave 3 target is $4.1046, which would require a gain of about 174 percent from the reference price. After that comes $7.0790, about 373 percent above the current price.

Those price levels are not a scenario set to play out immediately. XRP must first hold the Wave 2 support zone, then break above the $1.88, $2.90, $4.10 and $7.07 resistance levels in sequence. The chart also shows additional extension levels of $10.1106, $18.2275 and $36.7676 after Wave 5, but those are long-term projections valid only if preconditions are met.

The immediate levels to watch are closer. XRP must first hold around $1.44 and then break back above the $1.57 to $1.88 zone for the weekly upward roadmap to gain momentum. This weekly structure shows that the next wave can open only if sequential conditions are met, including defending support and breaking resistance, rather than simply presenting targets.