- XRP holds strong above $2.00 as Wave (5) projection eyes $4.4–$6.3, backed by Elliott Wave analysis and Fibonacci extensions.
- MACD and RSI hint at a reversal as bearish momentum slows; RSI nears oversold, suggesting upcoming bullish accumulation.
- Ripple’s $1.25B acquisition and SEC case resolution boost investor confidence, fueling rising demand for XRP-based products.
Ripple’s XRP is nearing an important phase as market activity, technical indicators, and strategic announcements influence short term expectations. The start of Q2 2025 follows an active Q1, marked by Ripple’s $1.25 billion acquisition of Hidden Road and the final resolution of its lawsuit with the U.S. SEC.
Ripple confirmed the agreement with regulators, noting it as a key moment for institutional confidence in XRP. Interest in XRP based investment products is growing, particularly with global demand for exchange traded products.
Ripple CEO Brad Garlinghouse said Q1 2025 was a pivotal period for the company, noting the strategic acquisition and lawsuit closure. Ripple also announced changes to its XRP Markets Report, shifting updates to its official channels while maintaining public access to XRP holdings.
XRP Bullish Structure After Correction Phase Near $2
According to analyst Dark Defender, XRP touched $2.13 after facing resistance at $2.222 and $2.36. He described this as part of the final correction before a potential breakout.
The price is at $2.10, holding support near $2.00, with no substantial drop in volume. The analyst expects a five wave pattern, starting with an initial surge toward $3. Notably, Waves 3 and 5 may drive prices to short term targets at $4.4 and $6.3.
Support is expected around $1.88. The forecast is based on the larger fifth wave, which Dark Defender broke down into sub waves. He emphasized the importance of watching $2 levels in the coming days.
Elliott Waves and Break of Resistance
As per Dark Defender, XRP has completed a corrective Wave (4) just above $2.17, forming a base for a projected impulse move. The first five wave impulse had Wave (3) peak near $3.3999, a key resistance level.
Trendlines indicate a shift from bearish to bullish outlook, which could result in a potential explosion for XRP. The descending resistance trendline has been broken, while the support trendline from October 2024 aligns with Wave (4)’s base. Fibonacci extensions show the 261.8% level at $5.8563, aligning closely with projected Wave (5) targets. A weekly resistance zone remains between $3.40 and $3.50.
Indicators Hint at Weak Momentum, but Reversal Possible
The RSI is at 44.20, below the neutral 50 mark, suggesting weak bullish strength. However, it is nearing oversold levels, implying possible accumulation. The MACD also shows bearish divergence, with the MACD line at 0.0031 below the signal line at 0.0108.
The histogram remains red but narrows, suggesting slowing bearish pressure. A crossover may follow if XRP holds above the $2.00 support level. If prices drop below this mark, the next support may appear near $1.85, consistent with the weekly outlook by Dark Defender.
