XRP is currently at a crucial point in its price action, where it could either experience a significant breakout or the end of a corrective rally. There are two possible scenarios: a bullish continuation or a corrective pullback. Both scenarios indicate an overall bullish outlook, with the possibility of XRP undergoing a wave two correction. The current price is $3.14, down more than 2% in the last 24 hours. In the most optimistic case, XRP could be forming a wave one move followed by a wave two pullback. The important support level to watch is $2.52. If XRP breaks below this level, it would invalidate the bullish scenario and suggest a more bearish outlook. The price action since January 20th has been uncertain, with XRP remaining below its all-time high. This indicates the possibility of consolidation or a retest of support before a sustained breakout. XRP's price may continue to consolidate between $2.50 and $3.40, but a breakout above $3.40 would signal the next leg up in the bullish scenario. Conversely, if XRP fails to break higher and drops below $2.52, it would indicate that a corrective wave is still in progress.



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