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Now that the XRP price will take its next step, crypto analyst Dark defender has revealed the next major support and resistance levels for the crypto. The analyst also suggested that XRP’s next move could happen sooner than expected.
Next Major Support and Resistance Levels for the XRP Price
In one X messageDark Defender named $2.42, $2.52, $2.71, and $5.85 as the next major support levels for the XRP price. Meanwhile, the crypto analyst highlighted $2.29, $2.24, $2.10 and $2.02 as the next big support levels for XRP. The analyst made these comments and also referenced a bull flag structure that had formed on XRP’s daily chart.
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Dark Defender claimed that the XRP price would make its next move tomorrow, noting that the current bull flag had reached his limit. The crypto analyst had recently highlighted a weekly bull flag on the XRP chart, which indicated that the crypto could reach double digits in this market cycle.
In his most recent X-post, Dark Defender also provided an update on his XRP/BTC pair analysis. He stated that what was expected of the XRP price was coming and suggested that it may have already started. Previously, the analyst predicted that XRP would post “huge” gains against its Bitcoin pair.
Meanwhile, crypto analyst Ali Martinez recently highlighted a bull flag that formed on the 4-hour chart of the XRP price. Based on this pattern, the analyst stated that XRP could undergo a brief correction, then break above $2.46 and rise to $4, which would mark a new all-time high (ATH) for XRP.
Two possible scenarios for the third wave
In an X-post, crypto analyst CasiTrades outlined two possible scenarios for the third wave of an upward move in the XRP price. In the first scenario, XRP could register a typical move, extending to the 2,618 Fibonacci level. This brings the price target to $3.82, the crypto’s current ATH.
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Meanwhile, for the second scenario, CasiTrades stated that if this third wave does not extend, the XRP price could register the expansion play in the future. fifth wave. If the third wave does not continue, the price target will be $3.23 instead of $3.82. She added that this target is close to XRP’s current ATH, so the expansion play may not happen.
CaiTrades warned that these are just projections and the XRP price could adjust to actual highs. However, she is confident that a big move is on the way as XRP has consolidated with minimal moves over the past day.
At the time of writing, the XRP price is trading around $2.51, up over 6% in the past 24 hours. facts from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com