XRP price in the last 24 hours Illuminated by withdrawal In the direction of support after USD 2.28, which has appeared in recent days. However, the price of XRP Looks robust on the higher time frames, Especially a six -month chart, in which technical analysis indicates that a much larger breakthrough compared to 74 USD may be at an early stages.
The price of XRP is still growing above the long -term resistance structure
This intriguing perspective is based on the long -term analysis of Elliott I pulse waves I Fibonacci extension levels Author: Crypto Murky Defender analyst. According to the latest The chart update made available by the analyst On the Social Media platform X, based on a 6-month candlestick time, XRP extends its run above many years of resistance, which has circumscribed its movement since the beginning of 2018.
This resistance, described as the final resistance, was tested many times for years, before it was definitely violated on six -month candles. The burst, which resulted from a robust stubborn candle in the second half of 2024, is in line with the beginning of the huge wave of Elliott 3.
This breakthrough coincides with the beginning of what Murky Defender identifies as a wave (3) in the Elliott pulse wave sequence. The chart suggests that XRP has completed its initial waves (1) and (2) from 2022 to the middle point 2024, establishing a scene for a much larger and explosive third wave that has been developing since then. The third wave in the theory of the Elliott wave is the strongest in relation to the rush and price escalate, and the analyst provides For the end, press to double numbers.
According to 361.80%, the level of fibonacci pulled out of the base of previous waves, the third wave is expected to push XRP to the target of around USD 18.22. After achieving this goal, the repair wave (4) may briefly ponderous down the pace before the final impulsive transition to up-to-date ups.
Fibonacci’s forecast: Altcoin can explode
Looking beyond the wave (3), the XRP forecast becomes even more ambitious. Murky Defender show shows Fifth wave plic from 66.96 to 77.70 USD, based on 476% Fibonacci extension.
The axis of the time implied by the candle structure and the number of waves extends in the direction of 2027–2028 to fully end this five -year cycle. If XRP continues to comply with this technical road map, cryptocurrency can go through the most explosive growth phase in its history.
Because it is a long-term analysis, it should be noted that even stubborn impulse waves will be filled with sub-impulses waves noteworthy corrections during the game. On the other hand, the analyst emphasized support levels at USD 2,2222 and USD 1,8815 It must persist for a stubborn trajectory continue based on current price campaign.
At the time of writing, XRP trades $ 2.30, which is 2% in the last 24 hours.
A distinguished picture from Getty Images, chart from TradingView.com
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