XRP Rises Above This Crucial Level. Here’s the Next Target

XRP is currently trading above the volume-wise median level of $2.3951, a critical point in determining its next move.

According to crypto analyst Dark Defender (@DefendDark), the digital asset has been “silent and strolling” around this level, indicating a period of consolidation.

Despite recent positive developments like the SEC’s agreement to drop its appeal against Ripple, market conditions surrounding XRP are uncertain, and traders are closely monitoring whether the digital asset will hold above or fall below this key threshold.

Support and Resistance Levels

The immediate support for the digital asset lies at $2.22, which aligns with the bottom of the channel. If the XRP price moves downward, it may test this level before attempting to resume an upward trend.

If it can hold this support, the analyst sets the next logical target at $2.50, a key resistance level that traders are eyeing. If it fails to hold this level, the ultimate support is at $1.8815.

XRP is currently trading at $2.44, after a slight increase over 24 hours. At the time of his analysis, it traded below this level, but the recent climb has renewed the hopes of many investors.

The asset’s ability to maintain its position above $2.3951 will be crucial in determining whether XRP can sustain an upward trajectory or if further downside movement is expected.

Market Outlook for the Week

Dark Defender emphasized that this week is a decisive period for XRP, as the market will determine whether to stay above or below crucial levels. The outcome will likely shape the short-term price direction, with potential volatility in either direction.

If XRP successfully maintains support, bullish momentum could drive the price toward higher levels in the coming weeks. The asset is already forming positive technical indicators, and if this momentum holds, we could see more significant growth in the short term.

Wave Structure and Future Targets

From a broader technical perspective, the analyst also noted that XRP is currently in the fourth wave of its monthly cycle. This phase is expected to conclude with the beginning of wave five, which could lead to a significant upward movement.

If this wave structure plays out as anticipated, XRP may see higher targets beyond $2.50, potentially reaching new resistance zones soon. A recent analysis by another expert suggests that an Elliott Wave pattern could send the asset to triple-digit levels, showcasing the immense potential.

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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