XRP Price In Motion: Analyst Reveals The Next Major Supports And Resistances

by

As a seasoned researcher with years of experience in the crypto market, I find it intriguing to see such diverse opinions from analysts like Dark Defender, Ali Martinez, and CasiTrades regarding XRP‘s price movements. Each analyst brings their unique perspective and methodology to the table, which makes for an engaging debate.

As a dedicated crypto investor, I’m keeping a close eye on the upcoming fluctuations in the XRP market. Dark Defender, a renowned crypto analyst, has recently disclosed the significant support and resistance levels for XRP in the near future. Surprisingly, he hints that XRP’s next major price shift could occur sooner than many of us might anticipate.

Next Major Support And Resistance Levels For The XRP Price

In a recent post on platform X, Dark Defender noted that possible future support prices for XRP could be at $2.42, $2.52, $2.71, and $5.85. On the other hand, a crypto analyst pointed out potential upcoming support levels for XRP as $2.29, $2.24, $2.10, and $2.02. This analyst made these predictions while hinting at a developing bull flag pattern visible on the daily chart of XRP.

As an analyst, I’ve observed Dark Defender’s prediction that the price of XRP will make its next significant move by tomorrow. He suggests this based on the fact that the current bull flag pattern appears to have reached its limit. In my recent analysis, I too have noticed a weekly bull flag formation on the XRP chart, implying that this cryptocurrency could potentially surpass the double-digit mark in this market cycle.

In his latest blog post, Dark Defender recently shared an update on his analysis of the XRP/BTC pair. He expressed that the anticipated price movement for XRP was materializing and hinted it could have started already. Earlier, this analyst had forecast significant growth in XRP’s performance against Bitcoin.

Currently, crypto expert Ali Martinez has pointed out a potential bull flag forming in the 4-hour chart of XRP prices. According to this pattern, he anticipates that XRP may experience a short period of decline followed by a surge over $2.46, potentially reaching a new peak at $4 – setting a fresh all-time high (ATH) for XRP.

Two Possible Scenarios For The Third Wave

In a recent post on X, analyst CasiTrades proposed two potential trajectories for the upcoming surge in XRP prices. If the first scenario unfolds, XRP might follow a typical pattern and reach as high as the 2.618 Fibonacci extension level. This would place the projected price at $3.82, which is currently the all-time high for XRP.

For the second situation, CasiTrades mentioned that if the third price surge doesn’t continue, the XRP price could potentially reach its goal in the fifth wave instead of going up to $3.82 as previously suggested. If this doesn’t happen, the new target would be $3.23. She also pointed out that this new target is close to XRP’s current all-time high, suggesting that an additional surge might not materialize.

CaiTrades cautioned that these are just projections and that the XRP price could adjust with the actual highs. However, she is confident that a big move is coming, as XRP has consolidated with minimal movement over the last day. 

Currently, as I’m typing this, the value of XRP stands approximately at $2.51. In the past 24 hours, it has experienced an increase of more than 6%, based on information from CoinMarketCap.

Read More

2024-12-15 04:34