The recent XRP crash to $2 marks the end of the bearish 2nd wave.
Factors that could drive the bullish 3rd wave include the launch of Ripple's RLUSD, Donald Trump's pro-crypto stance, appointment of pro-crypto Paul Atkins, potential drop of SEC's appeal against Ripple, and approval of XRP ETFs.
Analysis based on higher timeframes suggests a close above $1.99 would be a game-changer, XRP price is steadier with more stable growth now compared to the 2017 cycle, and there are bullish targets of 87 and 96 on the RSI.
The XRP price is currently around $2.36, up over 4% in the last 24 hours.