TimesTabloid 2025-05-17 08:57:12

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

Prominent cryptocurrency analyst Dark Defender (@DefendDark) has shared a detailed technical analysis of XRP’s current market structure, pointing to a potentially bullish scenario developing in the 4-hour time frame. The analyst confirms that XRP has completed the first leg of a corrective pattern and is preparing for a potential upward movement. The chart marks the completion of this wave at $2.59 and identifies the corrective wave A as having finalized at around $2.36. Dark Defender noted that he had already predicted the $2.59 top and the $2.36 correction level, and has now outlined the asset’s next steps. Hi all XRP has finalised the first leg of correction in the 4-Hour Time Frame. We addressed $2.59 first wave together and addressed the $2.36 where it happpened with 100% accuracy. Now A wave has been completed and we can see a rise towards $2.55 levels. We are heading… pic.twitter.com/YsxgWI0ZO7 — Dark Defender (@DefendDark) May 16, 2025 XRP’s Recent Performance After a historic performance between November 2024 and January 2025, XRP spent the next few months consolidating, with much of that time spent close to the $2 level. However, the asset began climbing after Donald Trump announced a historic trade deal between the U.S. and the U.K. The chart showed XRP’s rise from around $2.1 to a multi-month peak of $2.65. However, the asset experienced a notable correction after the court denied the settlement motion in the SEC lawsuit due to procedural errors. This decline completed the A wave. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Expectations for Wave B and Wave C Following the completion of the A wave, the analyst expects XRP to rise toward the $2.55 level, forming wave B in an ABC corrective structure. After the anticipated retracement in wave C, the chart projects a strong upward leg targeting $3.3333 as wave 3. This longer-term projection implies a continued overall bullish trend once the corrective phase is complete. The analyst also highlighted 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 traded at $2.42, and these levels are near-term support levels, with the chart suggesting buying interest around the 50% Fibonacci level, which caused a brief rebound. What’s Next for XRP? In his post, Dark Defender identifies key support levels at $2.3502 and $2.2222, while resistance is expected at $2.58 and ultimately at $3.3333 in the short term. These values outline the potential trading range for XRP as the corrective wave plays out. Other analysts have shared bullish expectations for XRP, and the chart depicts a potential impulse wave forming once the correction concludes, aligning with the bullish outlook presented. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Shares XRP Key Levels to Watch As Price Holds Above $2.3 appeared first on Times Tabloid .