Ripple's XRP initially rallied after the launch of RLUSD stablecoin, reaching a high of $2.71. However, it has since reversed and is now trading at $2.55. XRP has strong support at $2.40 and there is a micro support region between $2.55 and $2.62. The third wave is still unfolding, with a target of $2.81. Analysts believe that XRP could retest its all-time high if waves 4 and 5 push it higher. The current price movement is not as impulsive as previous rallies, but support levels are holding firm. Analysts predict a potential breakout to $3.80, representing a 40-60% move up from the breakout point.



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