XRP Faces Uncertain Future: Could It Reach $2, Or Surge Beyond?

XRP has experienced a sharp decline, dropping from the $2.70 mark to settle at $2.40 after a 5% drop within a day and an 8% decline over the past week. Analysts believe this recent price slump aligns with the fifth wave of a larger correction following XRP’s hit its all-time high above $2.70. This correction is forming a five-wave structure, with potential for it to reach the $2.00 level as support. 2021’s highs and past all-time high closes remain significant benchmarks for the asset.