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XRP is still in consolidation mode afterwards A new high of seven years In January 2025. This consolidation has lost the price slowly, but steadily, since then about 40% of its value. Bull’s support for the Altcoin currently seems to have created for $ 2, because this level even retains by Crashes. It has therefore created the expectation that the soil could be close to the XRP price, and this could serve as a bouncing-off point.
XRP -Price consolidation will soon be over
To X (formerly Twitter), crypto analyst Dark Defender unveiled That the consolidation in which the XRP price has been stuck for months now ends. The analyst used the monthly graph for the analysis and called an end and a bottom for the XRP price. According to him, this is actually the “last consolidation” for XRP, which suggests that this is where an outbreak would start.
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With the consolidation, the crypto analyst is expected to emphasize what the next one can be for the Altcoin using the 5-golf analysis. Now, in total, these five waves are still very bullish for the price and they can ultimately mark a new of all time.
For the first wave, Dark Defender calls it the impulsive Golf 1, which is expected to start the upward trend. This first wave is expected to push the prize back to $ 3 before the second wave starts, and this second wave is Beararish.
The second wave would activate a crash from $ 3 back to $ 2.2, making the set -up for the third wave. As soon as the third wave starts, this is where the crypto analyst expects the XRP prize to reach a new of all time. The target for WAVE 3 places the XRP price up to $ 5, which means that the all time of 2017 will be deleted from $ 3.8.
The next in line is the fourth Golf, which is another bearish Golf. This wave will cause at least a crash of 30%, according to the graph that is shared by the crypto analyst, who brings it to the $ 3 territory again. Just like the second Bearish Golf, the fourth Bearish Golf is expected to set up the price for a final and more explosive Golf 5.
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As soon as the fifth wave is in action, it is expected that a brand new of all time will take place, with the price that increases more than 100% from the bottom of the fourth Golf. The goal for this, as in the graph, is more than $ 6.
With regard to the Crypto analyst, the most important goals that are emphasized during this golf action are $ 3.75 and $ 58.85. Then before Great support and resistorsSupports are $ 1.88 and $ 1.63, while resistances are at $ 2.22 and $ 2.30.
Featured image of dall.e, graph of tradingview.com
