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With the price of XRP set to make its next move, cryptocurrency analyst Dark Defender It revealed the following key support and resistance levels for cryptocurrencies. The analyst also noted that the next move for XRP may happen sooner than expected.
The next major support and resistance levels for XRP price
in Share XDark Defender mentioned $2.42, $2.52, $2.71, and $5.85 as the next major support levels for XRP price. Meanwhile, the cryptocurrency analyst highlighted $2.29, $2.24, $2.10, and $2.02 as the next major coins. Support levels For XRP. The analyst made these remarks while also hinting at the bull flag structure that has formed on the daily chart of XRP.
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Dark Defender confirmed that the price of XRP will make its next move by tomorrow, noting that Current bull flag The limit has been reached. A crypto analyst recently highlighted a weekly bull sign on the XRP chart, which showed that the cryptocurrency could reach double digits this market cycle.
In his latest post on X, Dark Defender also provided an update on his XRP/BTC pair analysis. He stated that what was expected of the price of XRP is coming, and noted that it may have already begun. Before now, the analyst expected XRP to post “massive” gains against its Bitcoin pair.
Meanwhile, cryptoanalyst Ali Martinez Recently, a bull flag formation was highlighted on the four-hour chart of XRP price. Based on this pattern, the analyst stated that XRP may see a short correction, then break above $2.46 and rise to $4, which would represent a new all-time high (ATH) for XRP.
Two possible scenarios for the third wave
Posted by X, Cryptocurrency Analyst CasiTrades I outline two possible scenarios for the third wave of XRP price move to the upside. In the first scenario, XRP could record a typical move extending to the 2.618 Fibonacci level. This puts the price target at $3.82, which is the cryptocurrency’s current ATH.
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Meanwhile, for the second scenario, CasiTrades stated that if this third wave does not extend, XRP price may record an extension in… Fifth wave. If the third wave does not extend, the target price will be $3.23 instead of $3.82. She added that this target is close to the current ATH of XRP, so the rollover may not happen.
CaiTrades cautioned that these are just predictions and that the price of XRP could adjust to the actual highs. However, she is confident that there is a big move coming, as XRP has strengthened with minimal movement over the past day.
At the time of writing, the price of XRP is trading at around $2.51, up more than 6% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
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