$XRP's current price is $2.87, showing a slight increase of 0.83%. The coin has indeed experienced a sharp drop from its high of $3.1397 and is now consolidating around the $2.6975 support level ¹.

Key Levels to Watch

- *Support*: $2.6975 is a crucial support level; breaking below this could lead to further downside.

- *Resistance*: $2.8000 is a key resistance; a breakout above this could spark upward momentum.

Possible Scenarios

- *Bullish*: If $XRP breaks above $2.8000, we might see an upward push towards $3.00 or even higher targets like $3.18 or $3.40, depending on market sentiment and catalysts like regulatory developments or ETF approvals.

- *Bearish*: If selling pressure continues and $2.6975 support breaks, $XRP could head towards $2.50 or lower levels like $2.00.

Technical Insights

- The Relative Strength Index (RSI) is around 43-49, indicating neutral conditions, neither overbought nor oversold.

- $XRP is forming a symmetrical triangle pattern, suggesting a potential breakout in either direction ² ³ ⁴.

Factors Influencing $XRP

- *Regulatory Clarity*: Ongoing Ripple vs. SEC settlement discussions are crucial for $XRP's trajectory.

- *ETF Approvals*: Rumors of XRP-based ETFs could act as catalysts for price movement.

- *Market Sentiment*: Broader crypto market trends and investor sentiment will impact $XRP's price action ² ⁵ ⁶.

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