bullish

Dark

Verge

<p>Dark Defender, a crypto analyst who often post viral XRP price predictions, posted a viral chart again yesterday. According to the analysis, XRP is currently testing a crucial blue support line at $0.4864, just above the $0.4850 mark.</p>
<p>This level is particularly significant, as maintaining position above it for three consecutive days could trigger a bullish movement toward the $0.66 resistance level, which corresponds to the 70.20% Fibonacci retracement. However, if the price breaks below $0.4864, traders should watch for a potential drop to $0.3917, marking the 23.60% Fibonacci level.</p>
<p>The chart’s most intriguing feature is the orange resistance line, which serves as a primary barrier. Breaking above this resistance could mark a decisive moment for <a href="https://captainaltcoin.com/expert-maps-xrp-price-path-to-18-this-level-could-be-the-key/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price action</a>. The analysis suggests that once this line is breached, a strong bullish momentum might follow, with key Fibonacci levels at $0.6649 (70.20%) and $1.8815 (161.80%) serving as potential targets.</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="614" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-1024x614.png" alt="" class="wp-image-572883" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-1024x614.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-300x180.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-767x460.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-1536x921.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-2048x1228.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-250x150.png 250w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-584x350.png 584w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1010-788x472.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong>Source: <a href="https://x.com/DefendDark/status/1850162377452351824" target="_blank" rel="noopener noreferrer nofollow">X/@@DefendDark</a></strong>
 </figcaption>
</figure>
<p>The analysis indicates that XRP is following a 5-wave <a href="https://www.investopedia.com/terms/e/elliottwavetheory.asp" target="_blank" rel="noopener noreferrer nofollow">Elliott Wave structure</a>. Currently positioned in what appears to be Wave 2 (corrective phase), the asset could be preparing for Wave 3 – typically the strongest and longest impulse wave in the pattern. If this structure holds, price targets of $1.88 and potentially $5.8563 (261.80% Fibonacci level) could come into play.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/xrp-hidden-indicator-the-ripple-token-could-rally-soon/" target="_blank" rel="noopener noreferrer nofollow">XRP Hidden Indicator: The Ripple Token Could Rally Soon</a></strong></em></p>
<p>Supporting this outlook, the Ichimoku Cloud indicates <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> is in a consolidation phase. A breakout above both the cloud and the orange resistance line could provide additional confirmation of the bullish scenario. However, traders should note that maintaining position above $0.4864 remains crucial for this bullish outlook to remain valid.</p>
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<p>The post <a href="https://captainaltcoin.com/xrp-price-on-the-verge-of-explosive-rally-could-5-85-be-next/" rel="noopener noreferrer nofollow">XRP Price on the Verge of Explosive Rally: Could $5.85 Be Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP Price on the Verge of Explosive Rally: Could $5.85 Be Next?

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