XRP is consolidating around $2.30 following a decline from over $2.50, according to technical analysis by Egrag Crypto. The analysis suggests XRP is nearing the end of its fourth impulse wave, potentially entering a bullish fifth wave. Historical patterns from 2017 and 2021 indicate similar setups led to significant price increases. The analyst identifies Fibonacci extension targets between $4.789 and $18.259 if the fifth wave materializes. Currently, XRP is trading at $2.27, marking a 1.6% decrease in the last 24 hours.