XRP continues to face strong downward pressure despite several attempts to stabilize above the $2 level. Since early October, the broader digital asset market has been affected by global economic uncertainty, including recent developments in Japan’s monetary policy. These conditions have contributed to XRP’s inability to maintain earlier support zones.
The asset is currently trading near $2.14, which reflects a decline of roughly 30% over the past two months. November’s performance has also been weak, with the token showing additional losses that place it on course to record its third straight month of negative returns.
The last time XRP experienced three consecutive monthly declines was during the aftermath of the FTX collapse in late 2022.
Analyst Identifies Two Price Barriers Before Wave 3 Completion
Even with the ongoing deterioration in market sentiment, several analysts note that XRP has shown resilience by remaining above the $2 mark.
Among these analysts is Tara, a widely followed market observer who recently reviewed XRP’s technical structure and highlighted two major resistance areas that must be cleared before the asset can advance toward the upper boundary of its current Wave 3 formation.
This is exactly what we want to see on #XRP
My next target is $2.73 for Wave 3. What we're waiting for now is an impulse wave UP breaking past the 2 local resistances at $2.18 and $2.30. Once those levels break, #XRP will be able to reach W3. I have W4 and W5 measured but keep… pic.twitter.com/wdG0PQ1HOP
— TARA (@PrecisionTrade3) December 8, 2025
Tara’s projection places the potential Wave 3 peak around $2.73. This figure represents an increase of approximately 32% from the present value and aligns with the 1.618 Fibonacci extension level used in her analysis. The market last reached this price in early October, just before the sharp downturn that began on October 10.
To move toward this projected target, Tara emphasizes that XRP must first break through its nearest resistance at $2.18, which aligns with the 23.6% Fibonacci retracement zone. Clearing this point would represent the first sign of a meaningful reversal.
The second critical barrier lies at $2.30, marked by a persistent horizontal resistance line that has repeatedly halted upward attempts. Tara argues that overcoming both levels would position XRP for a potential move toward the expected Wave 3 completion.
Path Beyond Wave 3 and Future Projections
According to Tara, preliminary targets for Waves 4 and 5 are already outlined, although she notes that adjustments may be necessary once the Wave 3 point is confirmed. She expects these developments to shape XRP’s performance throughout 2025.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
Her analysis also flags additional resistance near $2.80, another level that has historically limited progress upward. If XRP successfully surpasses this area after completing Wave 3, the market may see an attempt at $3 for the first time since early October.
While resistance areas remain central to the immediate outlook, analysts are also monitoring key support zones. Tara points to $2.07 as an essential level that needs to be held to maintain the broader upward structure. XRP briefly dipped below this level, moving to $2.06 at the time of analysis, but has not yet confirmed a deeper breakdown.
Another market participant, known as “Guy on the Earth,” identifies the $2 threshold as the primary support to watch. In his view, losing this level would introduce considerably more downside risk. Conversely, he suggests that reclaiming price action above $2.20 could create favorable conditions for a more substantial recovery.
XRP’s path forward hinges on how it performs around the tight cluster of support and resistance levels that now define its short-term structure.
Analysts like Tara maintain that the asset still has a viable setup for completing Wave 3, but progress depends on clearing the hurdles at $2.18 and $2.30. At the same time, holding firm above $2.07, and especially above $2, remains essential for preserving the broader upward pattern.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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