Ripple's XRP is currently trading below $2.30, having gained over 50% in the past week. The price is now consolidating at higher levels above its 2021 bull market highs. Following a strong rally, it’s typical for the market to move sideways, and that’s what XRP is demonstrating. Despite the pullback from its recent high, the token remains close to the starting point of its rally.

Wave Structure Indicates Further Growth

XRP is in the third wave of its bull cycle, which includes smaller sub-waves. Currently, XRP appears to be in the fourth wave, suggesting the rally may not be over yet. While a deeper correction is possible, the focus remains on the potential for higher prices.

Key Support and Resistance Levels

It is unclear if the market is heading for a major correction. Should a correction occur, analysts are watching these key support levels:

  • $1.15 to $1.79 as the main support zones in case of a pullback.
    These predictions remain speculative and will depend on further market developments.

Corrective Phase or Continued Growth?

XRP is currently in a corrective phase, characterized by sideways consolidation or mild pullbacks. This behavior often results in small price fluctuations without a clear trend, signaling market indecision.

Target Prices for Future Growth

If XRP resumes its upward momentum, the next targets are:

  • $3.20 to $3.30, aligning with previous highs.

  • $4.20 as the next significant level.
    The key to reaching these targets will be maintaining support levels and sustaining bullish momentum.

Short-Term Support Levels

On shorter timeframes, support can be found at:

  • $2.33 to $2.06.

  • An additional support zone at $2.21.

The market remains uncertain as no significant impulsive move has occurred yet. XRP could form a triangle pattern, moving sideways before a potential breakout occurs.

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