Crypto analyst Dark Defender has identified key support and resistance levels for XRP, suggesting a potential price move soon. He noted support levels at $2.29, $2.24, $2.10, and $2.02, and resistance levels at $2.42, $2.52, $2.71, and $5.85. Dark Defender also discussed a bull flag on XRP’s daily chart, indicating the possibility of double-digit prices during this market cycle.
Meanwhile, Ali Martinez highlighted a similar bull flag on the 4-hour chart, suggesting XRP may correct, then rise above $2.46, potentially reaching $4, marking a new ATH. Another analyst, CasiTrades, outlined scenarios for XRP’s move to the upside. The first scenario suggests a typical move to the 2.618 Fibonacci level, targeting $3.82. If the third wave doesn't extend, the target may be $3.23 instead, close to the current ATH.
CasiTrades cautioned these are projections and that actual price adjustments may occur, but she remains confident about significant moves as XRP has shown little movement recently. Currently, XRP trades at approximately $2.51, up over 6% in the last 24 hours, per CoinMarketCap data.
