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XRP is still consolidated after reaching a new maximum of seven years in January 2025. This consolidation has seen the price slowly fall, but constantly, losing about 40% of its value since then. Currently, bulls seem to have created support for Altcoin to $ 2, since this level continues to maintain even through accidents. Therefore, he has created the expectation that the fund could be close to the XRP price, and this could serve as a bouncing point.
XRP price consolidation could end soon
Taking X (previously Twitter), the Cryptoe Dark Defender analyst revealed that the consolidation that the price of XRP has been caught for months is coming to an end. The analyst used the monthly chart for the analysis, calling an end and an XRP price fund. According to him, this is actually the “final consolidation” for XRP, suggesting that here it is where a break would begin.
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With the consolidation that is expected to come to an end soon, the crypto analyst stands out what could be next to the Altcoin using the 5 wave analysis. Now, in total, these five waves are still very optimistic for the price and could end up marking a new maximum of all time.
For the first wave, Dark defend is called the impulsive wave 1, which is expected to begin the upward trend. This first wave is expected to push the price at $ 3 before the second wave begins, and this second wave is bassist.
The second wave would activate a $ 3 block back to $ 2.2, providing the configuration for the third wave. Once the third wave begins, this is where the cryptographic analyst expects the XRP price to reach a new historical maximum. The objective of Wave 3 puts the XRP price up to $ 5, eliminating the historical maximum of $ 3.8 of 2017.
The next in row is the fourth wave, which is another bearish wave. This wave will cause at least a clash of 30%, according to the graph shared by the cryptography analyst, which takes him back to the territory of $ 3 once again. However, like the second bearish wave, the fourth bearish wave is expected to establish the price of a final and more explosive wave.
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Once the fifth wave is in action, a new historical maximum of all time is expected to occur, and the price increases more than 100% from the lower part of the fourth wave. The objective for this, as shown in the graph, is greater than $ 6.
As for the cryptographic analyst, the main objectives during this wave action are $ 3.75 and $ 58.85. Then, for the main supports and resistance, the supports are $ 1.88 and $ 1.63, while the resistances are at $ 2.22 and $ 2.30.
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