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A Five-Wave Pattern Signals What’s Next
Technical analysts are closely watching a five-wave structure forming on XRP’s chart. According to this theory—widely used in Elliott Wave analysis—XRP has completed waves one through four and is now poised to enter wave five, often the most explosive of them all.
If this plays out, the upside could be dramatic. Estimates suggest a rally to $5.65 or even $6.60, provided XRP doesn’t lose its footing.
The danger zone? A drop below $1.21. That would damage the bullish structure and could trigger a deeper pullback—possibly as low as 88 cents or 61 cents. But here’s the twist: most market watchers believe a breakdown of that size doesn’t fit the broader bullish context playing out across the crypto market right now.
All Eyes on the $1.82 Support and $2.13 Resistance
Short-term momentum is pointing toward a key decision zone. The first test is whether XRP can hold above $1.82. If it does, and especially if it breaks past $2.13 (its high from April 16), things could escalate quickly.
From there, $2.46 is the next key target, followed by a potentially sharp move to resistance levels between $2.22 and $2.30. If those are broken convincingly, analysts say $3.75 to $5.85 becomes the next major destination.
Crypto analyst Dark Defender is calling this the “Final Consolidation” before the breakout. According to him, this sideways movement is a necessary cooldown—XRP’s way of catching its breath before sprinting toward higher levels.
The Countdown Has Begun
The current setup feels like a moment of pause before something big. While other coins fight through more volatile swings, XRP’s steady consolidation is attracting serious attention.
It’s not just about holding support—it’s about preparing for acceleration. If XRP can maintain this structure, the bullish targets aren’t just hopeful speculation—they’re technical possibilities.
Conclusion
After months of sideways grind, XRP could finally be on the verge of a breakout that changes everything. The $1.21 level is holding. The five-wave structure is in place. The resistance points are clear.
Now, it’s a waiting game—but maybe not for long.
Because if XRP breaks out of this range in the days ahead, we could be looking at the beginning of a powerful rally… one that might just take XRP to $5 and beyond, ending the long wait for holders who never lost faith.
Source: Coinfomania / Digpu NewsTex