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<ul class="wp-block-list">
 <li>XRP’s ABC corrective wave pattern nears completion, with resistance at $2.52 signaling potential bullish momentum.</li>  
 <li>A confirmed breakout positions XRP’s initial target at $5.85, with $18.22 as a long-term projection.</li>  
 <li>Market activity within 24 hours will determine if the ABC corrective wave is completed successfully.</li> 
</ul>  
XRP’s price action on the daily chart indicates the near completion of an ABC corrective wave pattern. A potential breakout above $2.52 will confirm this formation, setting the stage for a significant bullish move.&nbsp;  
<h2 class="wp-block-heading" id="h-key-features-of-the-abc-corrective-wave-pattern">Key Features of the ABC Corrective Wave Pattern</h2>  
Elliott Wave theory outlines the ABC corrective wave as a pattern marking the conclusion of a correction phase. It consists of three movements: wave A indicates an initial decline, wave B shows a partial recovery, and wave C reflects a final downward move. The completion of this pattern typically signals the potential resumption of a primary trend.<a href="https://cryptonewsland.com/xrp-and-cardano-break-out-with-double-digit-growth-are-they-mirroring-past-bull-run-patterns-the-shiba-inu-contender-emerges/" target="_blank" rel="noopener noreferrer nofollow"> XRP’s chart displays this structure clearly,</a> with wave C nearing its end.  
According to a Dark Defender post on the X platform, Wave A marks the initial decline, followed by wave B as a partial recovery, and wave C as the concluding downward move. The resistance trendline aligns with $2.52, the critical breakout level.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfLI2kbO6RNNorJkhfNBKl8jv921OWozFjGyt_PgP-jAXV4y3fpyI_YTiB6uxwIb9JhXwxoiCtbk4Ke4s1BrDPiOlWSNK1o6wEvzb5KcO3VVBbafJ-NQPTuH3EqULEYu0Obc0HUZA?key=UMoqC3Z246InM0cRrqazLiO9" alt="">
</figure>  
Source: <a href="https://x.com/DefendDark/status/1866868795975012641/photo/1" target="_blank" rel="noopener noreferrer nofollow">Dark Defender(X)</a>  
<h2 class="wp-block-heading" id="h-key-resistance-at-2-52-and-projected-price-targets">Key Resistance at $2.52 and Projected Price Targets</h2>  
XRP’s breakout potential hinges on <a href="https://cryptonewsland.com/xrp-battles-key-levels-2-70-breakout-critical-for-bulls-1-96-support-holds-the-line/" target="_blank" rel="noopener noreferrer nofollow">surpassing the critical resistance level at $2.52.</a> Breaking this price point will validate the ABC corrective wave and signal the beginning of a bullish phase. This level has emerged as a key technical hurdle, and traders are watching closely for a decisive move above it. If confirmed, the breakout could lead to further price escalation.  
The technical analysis places XRP’s initial price target at $5.85 following confirmation of the breakout. This target aligns with historical resistance levels and Fibonacci extensions derived from previous price movements. The next target is positioned at $18.22, which represents a broader projection within the bullish framework. <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap data at the time of writing indicates that XRP</a> is trading at $2.46, reflecting a 5.01% daily price increase. The current market capitalization is $140.33 billion, while the 24-hour trading volume is $13.24 billion, indicating a 45.82% drop. 
The post <a href="https://cryptonewsland.com/xrp-nears-2-52-resistance-abc-corrective-wave-signals-potential-rally-to-5-85/" rel="noopener noreferrer nofollow">XRP Nears $2.52 Resistance: ABC Corrective Wave Signals Potential Rally to $5.85</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

XRP Nears $2.52 Resistance: ABC Corrective Wave Signals Potential Rally to $5.85

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