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XRP is still in consolidation mode after reaching a new seven -year summit in January 2025. This consolidation has seen the price drop slowly, but regularly, losing about 40% of its value since then. Currently, the Bulls seem to have created a support for Altcoin at $ 2, because this level continues to be held even through accidents. Thus, he created the expectation that the bottom could be close to the XRP price, and this could serve as a bounce point.
Held to X (formerly Twitter), Crypto Dark Defender analyst revealed that the consolidation in which the XRP price has remained blocked for months now ends. The analyst used the monthly graph for the analysis, calling for an end and a low for the XRP price. According to him, it is in fact the “final consolidation” of XRP, which suggests that this is where an escape would begin.
The consolidation which should end soon, the Crypto analyst highlights what could be the next for Altcoin using the 5 wave analysis. Now, in total, these five waves are still very optimistic for the price and could eventually mark a new summit of all time.
For the first wave, Dark Defender calls him the impulsive wave 1, which should start the upward trend. This first wave should push the price to $ 3 before the start of the second wave, and this second wave is down.
The second wave would trigger a crash from $ 3 to $ 2.2, providing the configuration of the third wave. Once the third wave begins, this is where the Crypto analyst expects the XRP price to reach a new summit of all time. The goal of Wave 3 places the XRP price as high as $ 5, eliminating the summit of $ 3.8 in 2017.
The next line is the fourth wave, which is another downward wave. This wave will cause at least a 30%accident, according to the graph shared by the crypto analyst, bringing him again to the $ 3 territory. However, just like the second downward wave, the fourth downward wave should set up the price of a final and more explosive wave 5.
Once the fifth wave in action, a whole new summit of all time should occur, the price increasing by more than 100% from the bottom of the fourth wave. The objective, as indicated in the graph, is more than $ 6.
As for the Crypto analyst, the main objectives highlighted during this wave share are $ 3.75 and $ 58.85. Then, for supports and major resistances, the supports are $ 1.88 and $ 1.63, while the resistance is $ 2.22 and $ 2.30.
Dall.e star image, tradingView.com graphic
post url: https://altcoin.observer/xrp-consolidation-about-to-reach-a-background-wave-5-says-that-5-85-arrive/