The price of Ripple's XRP has increased by over 1% and is currently trading at $2.45. The price action suggests a possible formation of an Elliott Wave triangle pattern, which could lead to higher prices in the short term. The market is currently in a correction phase, with three waves up and three waves down. The support area for XRP is between $2.28 and $2.27, while the primary invalidation point is a break below $1.95. To confirm the triangle pattern, XRP would need to break above $2.70. However, caution is advised, as the E-wave could potentially lead to a shallow correction. Resistance levels to watch are at $2.55, $2.62, and potentially $2.72, with a break above $2.72 potentially testing the previous all-time high at $3.30.



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