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XRP is holding firm above $1.21, a level analysts say is critical to maintaining its bullish momentum. Market experts believe the recent dip is simply part of a larger five-wave Elliott pattern, with the much-anticipated wave five potentially propelling XRP to highs of $5.65 or even $6.60—provided key support levels are respected.
According to prominent crypto analyst Dark Defender, this could be XRP’s “Final Consolidation” phase. He has identified major breakout targets at $3.75 and $5.85, suggesting that the current sideways movement is nearing its end. “As long as XRP holds above $1.21, the bullish structure remains intact,” he noted in a recent X post.
Hi all! I hope you are well!#XRP consolidation is nearing an end,
— Dark Defender (@DefendDark) April 18, 2025
and I call this the Final Consolidation,
of the Monthly Structure!
We can expect the 5 Waves as highlighted below.
Resistances: $2.22, $2.30 (Orange Line)
Supports: $1.88, $1.63
Targets: $3.75, $5.85… pic.twitter.com/IfmJlal7Vu
Currently, XRP is hovering between the crucial support range of $1.21 to $1.55. Analysts agree that breaching this zone to the downside could trigger a steep correction, potentially dragging prices back to the $0.88 or $0.61 levels. However, many believe such a drop is unlikely in the current market context.
The next short-term hurdle lies at $1.82. If XRP can maintain this level and push beyond the April 16 high of $2.13, analysts forecast a strong upward leg. In this scenario, the token could surge past $2.46, setting the stage for a more explosive move toward higher resistance points at $2.22 and $2.30.
Also Read: XRP Price Eyes $2.5 Breakout Amid Bullish Pattern, But On-Chain Activity Slips
Dark Defender’s technical roadmap suggests that a breakout beyond these levels could quickly catapult XRP toward long-standing targets of $3.75 and $5.85. Such a rally would mark a significant turning point for long-term XRP holders who have weathered years of consolidation and legal battles.
With the crypto market eyeing Bitcoin’s behavior amid recession fears, XRP is carving its own path. If it can defend its current supports, the next few weeks may witness a dramatic shift—one that could finally validate bullish projections for XRP in 2025.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
