The XRP price has experienced a slight dip on May 12th, dropping more than 1% as of writing. However, analysts are optimistic about the potential for a bullish turnaround. Key indicators like the RSI show signs of improvement, with XRP breaking above its previous high within the Relative Strength Index (RSI). Analyst Josh at Crypto World believes this could signal the end of the current bearish trend. Moreover, if Bitcoin, Ethereum, and other altcoins continue to surge upwards, XRP’s price is expected to experience a more substantial increase. Resistance around $2.45 – $2.46 poses a challenge for XRP, with a confirmed breakout still pending. Conversely, support levels are near $2.31-$2.33. If prices fall further, additional support will be seen at $2.17 and strong support between $2.05 and $2.10. While these levels provide crucial context, an Elliott Wave analysis suggests a potential breakout in the direction of XRP’s past trend. The price recently touched around $2.46, aligning with projections, suggesting it might continue its rise towards potential targets of $2.56 or even $2.68. However, without confirmation, the wave hasn’t definitively topped. If prices fall below $2.26, a corrective wave (wave 2) could begin.