This is a technical analysis for XRPUSD. The analyst tracks the yellow scenario, with the white scenario as an alternative bullish outlook. The most direct bullish pathway involves circle wave five to the upside. The September low needs to hold to consider this possibility. The analyst indicates that the September low at $2.79 and micro support levels along the way are relevant. A five-wave move up to the $5 area is a reasonable target in the primary yellow scenario, and extensions above $5 are possible, especially in wave three.The analyst believes current corrective price action, which is why $2.79 is the level to watch and sustain.The next key upside breakout points are $3.14 and $3.19. A breakout above $3.40 ideally unlocks a rally, the current market trend is range.