Analyst Shares Key Levels of $XRP to Watch as Price Holds Above $2.3

The famous cryptocurrency analyst Dark Defender (@DefendDark) has shared a detailed technical analysis of the current market structure of XRP, pointing out a potentially bullish outlook in the 4-hour timeframe. Analysts confirm that XRP has completed the first phase of the correction pattern and is preparing for a potential bullish move. The chart marks the completion of this wave at $2.59 and identifies that the corrective wave A has ended at around $2.36. Dark Defender notes that he had predicted the peak of $2.59 and the correction of $2.36, and has now outlined the next steps for the asset.

Recent Performance of XRP After a historic performance from November 2024 to January 2025, XRP spent the next few months consolidating, with most of that time hovering around 2 dollars. However, the asset began to increase after Donald Trump announced a historic trade agreement between the United States and the United Kingdom. The chart shows XRP rising from around $2.10 to a multi-month peak of $2.65. However, the asset has undergone a significant correction after the court dismissed the settlement move in the SEC lawsuit due to procedural errors. This decline has completed wave A. Expectations for Wave B and Wave C After completing wave A, the analyst expects XRP to rise to $2.55, forming wave B in the ABC correction structure. Following the anticipated pullback in wave C, the chart forecasts a strong bullish leg towards $3.3333 as wave 3. This long-term forecast implies that the overall bullish trend will continue after the correction phase is completed. The analyst also emphasized important Fibonacci retracement levels, with the 61.80% level at $2.4189 and the 50.00% level at $2.3502. At the time of his analysis, the asset was trading at $2.42 and these levels are short-term support levels, with the chart showing buying interest around the 50% Fibonacci level, which has caused a short-term recovery. What Is the Next Step for XRP? In his post, Dark Defender identifies key support levels at $2.3502 and $2.2222, while the expected resistance levels are $2.58 and ultimately $3.3333 in the short term. These values outline the potential trading range for XRP as the corrective wave occurs. Other analysts have shared bullish expectations for XRP, and the chart depicts a potential impulse wave forming after the correction period ends, aligning with the bullish outlook presented.