XRP is currently holding at a critical support level that traders are closely watching. Should the price drop below $2.06, it would likely trigger a sharp downward movement in what analysts call wave-(b) according to Elliott Wave Theory. This would represent a significant breakdown from current consolidation levels. At the moment, the existing wave count structure remains intact and the overall technical framework still suggests further upside potential—but that $2.06 floor is everything. Break it, and the narrative changes considerably.