- Analyst’s six-month update shows XRP targets at $5.85 and $18.22, with support at $2.2222 and $1.8815.
- XRP volume drops to 38.99M as RSI stays near neutral; MACD shows bearish crossover after early 2025 breakout.
- Price trades in a tight range post breakout; break above $2.50 or below $2.00 may define XRP’s next major move.
XRP is nearing a key zone following a major breakout that began in late 2024. According to technical analyst Dark Defender, the digital asset has moved past its long standing six month resistance, leading to renewed interest from the market. The move follows a 2024 forecast he shared just one day before the price surge on November 10, 2024.
His updated structure now points to a continued bullish setup, indicating new resistance and support levels as part of an extended Elliott Wave formation. Price action has shown a strong rally from below $0.50 to above $3.50, and the asset now trades between $2.00 and $2.50, suggesting a possible consolidation phase.
Updated Resistance and Support Zones
The updated outlook includes wave three targets at $5.85 and $18.22, both falling within the six month wave projection. Longer term targets are at $66.96 and $77.70. Price support has formed near $2.2222 and $1.8815, both tied to earlier Fibonacci levels from the 2024 projection.
These levels align with retracement marks at 70.20% and 161.80%, supporting their technical relevance. Dark Defender’s previous chart had a timeframe from 2016 to 2026 and showed price movement within a symmetrical triangle pattern.
The pattern is labelled by “ULTIMATE” resistance and support trendlines. The structure includes a five-wave Elliott formation, with wave three forecasted to extend to the 361.80% Fibonacci level near $18.2275. The full retracement structure also includes levels at $0.3917, $0.6649, $1.8815, and $5.8563.
Mixed Short-Term Sentiment
Although the macro trend remains bullish, momentum indicators suggest temporary weakness. The RSI is at 54.76, trading just above neutral level. A move above 60 could confirm renewed upward strength.
However, the MACD shows a bearish crossover, with the MACD line below the signal line and histogram at -0.0563. This shows cooling momentum following the initial breakout.
The trading volume has dropped to 38.99 million, well below the peak seen during the price surge. This decline hints at reduced volatility yet ongoing interest from traders. The price remains within a tight range, and it needs a decisive move above $2.50 or below $2.00.
Price Consolidates After Breakout
With XRP consolidating after a big rally, attention is now on how the asset handles upcoming support and resistance levels. A sustained move above $2.50 could retest the recent highs near $3.50.
However, a break below $2.00 may lead to further retracement toward $1.50. The six month timeframe remains a key structure, and XRP’s performance in this zone may define the next leg of its broader cycle.
