XRP has successfully completed an ABC correction pattern, marking a critical phase for a potential price breakout. Initially, XRP reached a peak of $2.90 on December 3, before retracing to $2.16 in Wave A. A brief rebound to $2.65 in Wave B was followed by a dip which saw the cryptocurrency fall below $2.00 in Wave C, concluding the correction phase.
Current technical analysis suggests the formation of Wave 2, setting the stage for XRP to target a price surge to $3.62.
