The XRP price is approaching a critical juncture, with analysts predicting significant moves in the near term. Renowned crypto analyst Dark Defender has revealed the major support and resistance levels for XRP, emphasizing that the next move could happen sooner than anticipated.
Key Support and Resistance Levels
In a recent X post, Dark Defender identified the following major resistance levels for XRP:
$2.42
$2.52
$2.71
$5.85
On the downside, the next major support levels include:
$2.29
$2.24
$2.10
$2.02
The analyst also pointed to a bull flag structure forming on XRP’s daily chart, signaling an imminent move. Dark Defender predicts that XRP’s price action will break out by tomorrow, as the current bull flag has reached its limit. Additionally, he referenced a weekly bull flag that suggests $XRP could achieve double-digit prices in the current market cycle.
XRP/BTC Pair Insights
Dark Defender’s analysis extended to the XRP/BTC trading pair. He noted that XRP appears poised to deliver "tremendous" gains against Bitcoin, with recent price movements aligning with his predictions. This bullish momentum adds weight to the case for further upward action.
Ali Martinez’s Bull Flag Observations
Another crypto analyst, Ali Martinez, highlighted a bull flag on XRP’s 4-hour chart. Based on this pattern, Martinez expects a brief price correction followed by a breakout above $2.46, potentially driving XRP to a new all-time high (ATH) of $4. This aligns with the broader bullish sentiment around the asset.
Third Wave Scenarios
Crypto analyst CasiTrades outlined two possible scenarios for XRP’s next move in the third wave of its upward trend:
Typical Extension: XRP could climb to the 2.618 Fibonacci level, targeting $3.82, which matches its current ATH.
Non-Extended Wave: If the third wave doesn’t fully extend, XRP’s price might peak at $3.23, close to its ATH. In this case, the extension play could occur in the fifth wave.
While these projections are speculative, CasiTrades is confident that a significant move is imminent, given XRP’s recent consolidation.
Current Market Performance
At the time of writing, XRP is trading around $2.51, marking a 6% gain over the last 24 hours, with a market cap of $136.63 billion and a 24-hour trading volume of $8.52 billion. With strong support and bullish indicators in place, XRP’s next move could set the stage for new highs.
Stay tuned as #XRP continues to capture market attention with its dynamic price action and bullish momentum.
