The last technical analysis using the Ichimoku cloud indicator suggests that The price of XRP is preparing for the explosion From a long -lasting descending triangle chart pattern. While prices earlier Immersed below 2 USDAnalysts remain hopeful about the XRP perspective, forecasting modern additional goals and enduring rally when the stubborn signals begin to level out.
The edges of the XRP price towards the main zone
Weekly XRP chart, presented Author: X (formerly Twitter) Crypto Dim Defender analyst signals a potential beginning The main stubborn movement When the cryptocurrency approaches the top Drooping triangle. After months of consolidation, the price is now testing the upper limit of this pattern, with a rush from both price structure and technical indicators.
The key technical factor described by Dim Defender is the current XRP interaction with Ichimoku cloud indicator. Recently, the price of XRP began to break into the lower region of the green cloud – a movement that historically precedes a stubborn trend when it is confirmed by other technical signals.
The chart also shows the maintenance XRP Formation of a rounded cup It started after the previous correction structure marked with ABC. This mug formation strengthens the stubborn cryptocurrency and suggests accumulation in the last few months. When this cup pattern is approaching the end, XRP also creates something that seems to be the second wave in the impulsive Five waves Elliott sequence.
If the price of Altcoin is convincingly convincing above the resistance levels of USD 2.19, USD 2.22 and USD 2.33, Dim Defender predicts that the next leg may start immediately, focused on extending Fibonacci 161.8% to 3.61 USD. This would mean a significant change in the market structure, confirming the potential end Long -standing XRP consolidation and resumption of stubborn momentum.
Interestingly, Dim Defender notes that June and July should be a “hot” period for XRP. The analyst is carefully observing the signs in these months Confirmation of the breakthroughMainly as XRP it trades just above the long -term support zone from 2.07 to USD 1.88. These levels remained strongly through recent declines, and are also in line with the level of losing Fibonacci in the previous cycle.
The path to $ 5.85 opens
If XRP behaves up to USD 3.61, Dim Defender forecasts that the next phase Elliott Wave Count It suggests that XRP may enhance even higher, potentially reaching an extension level of 261.8% Fibonacci near $ 5.85. This price zone has now become a significant additional goal in the current projection, representing the peak of the potential wave structure 3-4-5.
The analytics chart shows Wave of 3 five -wound impulse structure stretching towards the initial target 3.61 USD. After the end of this wave, low -term correction in wave 4 is expected, probably creating a Hearty withdrawal Before the last leg above. The expected wave 5 is a parabolic movement, potentially leading The price of XRP for the modern ATH About $ 5.85.
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