The price of XRP can reach $ 74 with the outbreak of the third wave, here is the schedule
The XRP price has been made in the past 24 hours The most prominent decline Support at $ 2.28 has appeared in recent days. However, the xrp price It looks strong on the higher time frames, Especially the graph for a period of six months, as technical analysis indicates that the largest collapse is about $ 74 in its early stages.
XRP price is still climbing over the long -term resistance structure
This interesting outlook depends on a long -term analysis of Elliott Dipulse and Fibonacci extension levels By Dark Defender. According to the latest Update the graph that the analyst shared On the social media platform X, which is based on the timeline of a 6 -month candlestick, XRP is currently extending its career over a multi -year downton resistance that has crowned its movement since early 2018.
This resistance, described as the final resistance, has been tested several times over the years before it was decisively breached on the candle for six months. The penetration, which resulted from a strong rising candle in the second half of 2024, is in line with the start of the huge Elliott wave 3.
This penetration coincides with the beginning of what Dark Defender determines as a wave (3) in the sequence of the elliott driving wave. The graph indicates that XRP completed its initial waves (1) and (2) from 2022 to mid -2024, which paves the way for the largest and largest third wave, which has been revealed since then. The third wave tends to be the Elliott Wave theory to be the strongest in relation to increased momentum and prices, with the offer of the analyst A. Pay to double numbers at the end.
According to the level of Fibonacci 361.80 % Decree from the previous wave base, the third wave is expected to pay a target of about $ 18.22. Once this goal is hit, the corrective wave (4) may slow down for a short period before the final impulsive transition to its highest levels.
Fibonacci expectations: Altcoin can explode
Looking beyond the wave (3), XRP expectations become more ambitious. Dark Defender’s drop shows The height of the fifth wave Between $ 66.96 and $ 77.70, based on a 476 % Fibonacci extension.
The schedule that the candle structure and the number of the wave extend about 2027-2028 to complete this five-wave cycle. If XRP continues to follow this technical road map, the cryptocurrency can go through the explosive growth stage in its history.
Since this is a long -term analysis, it is important to note that even the upward driving waves will be fill with sub -counseling waves with Noticeable corrections because it plays. On the other hand, the analyst highlighted the support levels at $ 2.222 and $ 1.8815 The path should be kept To continue based on the current price procedure.
At the time of this report, XRP is trading at $ 2.30, a decrease of 2 % in the past 24 hours.
Distinctive image from Getty Images, Chart from TradingView.com
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