Analyst Predicts XRP’s Next Move: $4.17 & $5.85 Potential

Crypto analyst Dark Defender has shared a chart analysis of XRP, highlighting potential price targets and support levels based on the asset’s weekly chart structure. The fourth wave in XRP’s broader Elliott Wave pattern is nearing completion, while the fifth wave suggests the possibility of significant continuation depending on market trends. 4th and 5th White Waves analyzed on February 13th (Monthly Structure). The current analysis predicts the potential for $3.33 and $3.66 as targets for XRP, with $3.66 representing a level where resistance could be encountered if the wave continues. The chart also identifies support levels at $2.70 and $2.64. These levels are crucial as they represent areas of potential buying opportunities if the asset experiences a correction. Should XRP break beyond these points, it could extend its gains into double digits, reaching targets of $4.17 and $5.85 according to the analysis. The chart suggests that this wave can reach further, potentially exceeding previous highs, based on the 261.8% Fibonacci level. Despite bearish sentiment surrounding the market and a possible government shutdown in the US, the analyst remains optimistic about XRP’s short-term future due to technical indicators suggesting continued growth.