Traders are closely watching XRP as it remains at a support level. Analyst Dark Defender points out patterns within the Elliott Wave structure.
Elliott Wave Structure
According to Dark Defender, XRP follows a five-wave impulsive structure. The fourth wave is complete, and the analysis suggests a transition to the fifth wave if the asset maintains support at $2.85.
Potential XRP Growth
The analyst's forecast indicates that if the $2.85 level is maintained, XRP could rise to $4.39. This scenario emphasizes the importance of the current support as a critical threshold for further growth.
Conclusion
XRP is at a crucial point in its technical analysis. The success of a rise to $4.39 depends on the asset's ability to stay above the $2.85 level, which may indicate a continuation of the current upward movement.
Dark Defender's analysis shows that XRP may be on the verge of new growth if stability is maintained at the $2.85 level.
