Cryptocurrency analyst, along with a set XRP price for the next move Murky Defender revealed the next major support and resistance levels for the cryptocurrency. The analyst also suggested that XRP’s next move could come sooner than expected.

The next major support and resistance levels for the XRP price

In Post XMurky Defender listed $2.42, $2.52, $2.71, and $5.85 as the next major support levels for the XRP price. Meanwhile, the cryptocurrency analyst highlighted $2.29, $2.24, $2.10 and $2.02 as the next major support levels for XRP. The analyst made these comments while also referring to the bull flag structure that has formed on the daily XRP chart.

Murky Defender assured that the XRP price will make another move tomorrow, noting that current bull flag has reached its limit. A cryptocurrency analyst recently noticed a weekly bull flag on the XRP chart, which showed that the cryptocurrency could reach double-digit values ​​this market cycle.

In his latest post on X, Murky Defender also provided an update to his analysis of the XRP/BTC pair. He stated that what was expected from the XRP price is coming and suggested that it may have already started. Previously, the analyst predicted that XRP would see “huge” gains against its Bitcoin pair.

Meanwhile, a cryptocurrency analyst Ali Martinez recently noticed a bull flag forming on the 4-hour XRP price chart. Based on this pattern, the analyst said that XRP could experience a brief correction and then break above $2.46 and rise to $4, which would represent a modern all-time high (ATH) for XRP.

Two possible third wave scenarios

In the post: X, cryptocurrency analyst CasiTrades outlined two possible scenarios for the third wave of XRP price growth. In the first scenario, XRP could see a typical move reaching the 2.618 Fibonacci level. This puts the price target at $3.82, which is the cryptocurrency’s current ATH.

Meanwhile, for the second scenario, CasiTrades stated that if this third wave does not extend, the XRP price may see an extension in fifth wave. If the third wave does not extend, the price target will be $3.23 instead of $3.82. She added that this target is near XRP’s current ATH, so an extension play may not occur.

CaiTrades cautioned that these are just predictions and that the XRP price may adjust to actual highs. However, she is confident that a huge move is coming as XRP has consolidated with minimal moves over the past day.

At the time of writing, XRP is trading at around $2.51, up over 6% in the last 24 hours, according to data from CoinMarketCap.

Featured image created with Dall.E, chart from Tradingview.com