Analyst Reveals The Next Major Supports And Resistances
As XRP price moves next, crypto analysts dark guardian The next major support and resistance levels for cryptocurrencies are revealed. The analyst also said that XRP’s next move could happen sooner than expected.
The next major support and resistance levels for XRP Price
in a X postsDark Defender mentioned $2.42, $2.52, $2.71, and $5.85 as the next major support levels for XRP price. Meanwhile, crypto analysts highlight $2.29, $2.24, $2.10, and $2.02 as the next major currencies support level For Ripple. The analyst made these remarks while also referring to the bull flag structure forming on the daily chart of XRP.
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Dark Defender asserts that XRP price will make its next move by tomorrow, stating current bull flag The limit has been reached. The cryptocurrency analyst recently highlighted a weekly bull flag on the XRP chart, suggesting that the cryptocurrency could reach double digits during this market cycle.
In his recent X post, Dark Defender also provided an update on the XRP/BTC currency pair analysis. He stated that XRP price expectations are imminent and hinted that it may have already begun. Previously, analysts predicted that XRP would record “huge” gains against the Bitcoin pair.
Meanwhile, cryptocurrency analysts Ali Martinez Recently, a bull flag pattern formed on the 4-hour chart of XRP price. Based on this pattern, analysts say that XRP may experience a brief correction before breaking through $2.46 and rebounding to $4, which would mark a new all-time high (ATH) for XRP.
Two possible scenarios for the third wave
In X post, crypto analyst kasi trading co. Two possible scenarios for a third wave of XRP price increases are outlined. In the first scenario, XRP may record a typical move extending to the 2.618 Fibonacci level. This sets the price target at $3.82, the cryptocurrency’s current ATH.
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Meanwhile, regarding the second scenario, CasiTrades said that if the third wave does not continue, XRP price may record a continuation trend. fifth wave. If the third wave does not continue, the target price will be $3.23 instead of $3.82. She added that this target is close to XRP’s current ATH, so scaling play may not happen.
CaiTrades warns that these are just predictions and XRP prices may adjust based on actual highs. However, she believes a big move is coming as XRP consolidated with minimal volatility on the final day.
As of this writing, XRP price is around $2.51, up more than 6% in the past 24 hours, according to data From CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com
