According to Dark Defender, XRP continues to move in line with the technical roadmap, respecting key wave structures and price levels. Having completed Wave 2, it is now positioned for an impulsive Wave 3 on the daily timeframe. Historically, this stage in the wave cycle has led to significant price expansions, and current conditions suggest a similar trajectory. The setup today is reminiscent of past XRP market cycles, particularly those of November 2020 and November 2021, both of which saw strong rallies before larger market corrections.
Wave Structure and Expected Path
XRP’s movement aligns with Elliott Wave Theory, where markets move in five-wave cycles. The second wave, a corrective phase, has concluded, paving the way for Wave 3, typically the strongest and most aggressive move in an uptrend. This wave is often characterized by increased volume, strong momentum, and sustained upward movement. If XRP continues along this trajectory, a significant breakout is likely, with Wave 4 acting as a mild pullback before a final push higher in Wave 5.
$XRP is proceeding based on our lines.
After Wave 2 & XRP will continue with the 3rd – 5th Waves on the Daily Chart.
Supports: $2.4467, $1.9996
Resistances: $2.6052, $3.3999, $5.8563, $8+I feel like we are in November.
Remember, Remember. pic.twitter.com/pxtThjYqM6
— Dark Defender (@DefendDark) February 19, 2025
The resemblance to previous market cycles is striking. In November 2020, XRP surged from approximately $0.25 to over $0.75 within weeks, fueled by market optimism and technical momentum, before encountering regulatory headwinds in December. Similarly, in November 2021, the broader crypto bull market saw XRP reach around $1.35. The current setup mirrors those periods, where consolidation and accumulation preceded strong breakouts. If history repeats, XRP could be on the verge of a similar explosive move.
Key Support and Resistance Levels
For XRP’s bullish structure to remain intact, certain price levels must be respected. Support is currently established at $2.50, a critical demand zone recently tested, with $2.29 serving as a secondary cushion should further retracement occur. A deeper correction could see prices revisit $1.95, a crucial level that must hold to prevent a bearish shift.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
On the resistance side, $2.75 stands as the first key barrier, marking the upper boundary of the current consolidation phase. A decisive move above this could clear the way for $3.05, followed by $3.52, a major level that, if breached, could accelerate XRP toward its macro targets beyond $5.85. These levels will be critical in confirming whether XRP has truly entered Wave 3 or remains within a broader consolidation pattern.
Why This Feels Like November Again
Market conditions today echo the environment seen in previous November cycles. Similar technical setups, coupled with renewed market enthusiasm, suggest that XRP may be on the brink of a major move. In both 2020 and 2021, XRP experienced a period of accumulation before surging sharply. The same consolidation structure is forming now, indicating that history may be repeating. Increased on-chain activity, growing liquidity, and broader crypto market strength further reinforce the idea that a parabolic phase could be imminent.
The Road Ahead for XRP
With XRP progressing as expected, the next few weeks could be pivotal. A strong breakout above key resistance levels would confirm the strength of Wave 3, opening the door for price discovery and a potential test of multi-year highs. While the technicals remain favorable, the market remains highly dynamic, requiring close monitoring of price action and macroeconomic conditions. If past cycles are any indication, XRP is standing at the threshold of another historic rally. The question remains: will this be another November moment? The charts suggest that it very well could be.
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.
Follow us on Twitter, Facebook, Telegram, and Google News
