XRP price currently sits above the crucial $2.00 support level, rising 3% in the past 24 hours, highlighting positive market momentum. This bounce from recent downtrend suggests buyers are active and ready to capitalize on the recovery. Analysis by Egrag Crypto reveals a potential Ascending Broadening Wedge pattern for XRP. This pattern suggests two possible price targets: a decline to $0.65 or a surge to $17. For a bullish breakthrough, XRP needs to close above $3.50. If it reaches $5 but fails to maintain dominance above this level, the pattern’s likelihood increases for an undesirable drop. A rejection at $5 could signal a retest of the $1.90 level. 3-week timeframe holds promise for a breakout above $5, reaching $17 if successful. However, analysis also suggests a 70% chance for a downside breakout to $0.65 with only a 30% chance for a bullish scenario. This pattern is not yet fully formed and requires close monitoring of key price levels for confirmation.