The price of Ripple's XRP has declined by over three percent and is currently trading below $2.40. The $2 level is considered a strong support, while the $3 range is seen as significant resistance. The price is consolidating between $2 and $2.24, and it needs to hold within this range for a bullish scenario to potentially continue. If the price can break through the resistance at $2.76, it could move higher towards new all-time highs. However, there is also a possibility of a corrective phase and a pullback. If the price breaks support and sees a five-wave move down, a larger correction might occur. But even if this happens, it doesn't necessarily mean the trend will turn bearish. The analyst suggests that if a pullback occurs, the support zone between $2 and $2.24 could be a good buying opportunity. The analyst also mentions the potential for XRP to reach a price target above $5, offering a potential gain of over 100%. Short-term support is at $2.24, with further support levels at $2 and around $1.95. Overall, while short-term trends are slightly bearish, these are seen as minor pullbacks within a larger bullish market.



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