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XRP has been in the spotlight recently as prominent cryptocurrency analyst Dark Defender shared insights on the asset’s potential bullish trajectory. According to the analyst, XRP’s current structure suggests a corrective wave is nearing completion, setting the stage for a new upward movement targeting $3.3333.
XRP’s Corrective Wave and Support Levels
Dark Defender’s analysis reveals that XRP has completed the first leg of a corrective ABC pattern, with wave A concluding around $2.36. The asset is currently trading at $2.42, hovering around the 50% Fibonacci retracement level of $2.3502. The 61.8% level at $2.4189 also acts as a near-term support, indicating that buyers are stepping in at these crucial zones.
Hi all XRP has finalised the first leg of correction in the 4-Hour Time Frame. We addressed $2.59 first wave together and addressed the $2.36 where it happpened with 100% accuracy.
— Dark Defender (@DefendDark) May 16, 2025
Now A wave has been completed and we can see a rise towards $2.55 levels.
We are heading… pic.twitter.com/YsxgWI0ZO7
Potential Upside Targets for XRP
Following the completion of the A wave, the analyst anticipates a move toward $2.55, marking wave B in the corrective structure. After a brief retracement in wave C, Dark Defender projects a significant upward surge targeting $3.3333. This target aligns with Fibonacci extension levels and previous resistance points, indicating that the longer-term bullish outlook remains intact once the corrective phase concludes.
Also Read: Ripple vs. SEC: Judge Blocks $50M Settlement Deal – What’s Next for XRP?
Key Levels to Watch
For traders and investors, key support levels to monitor are $2.3502 and $2.2222, while resistance is expected at $2.58 and the $3.3333 level. Dark Defender’s analysis suggests that a sustained move above $2.58 could confirm the start of a new bullish wave, potentially propelling XRP to new multi-month highs.
As XRP continues to consolidate, market watchers remain focused on these pivotal levels, especially as broader market sentiment and regulatory developments unfold. With analysts eyeing a potential breakout, the coming weeks could prove pivotal for XRP’s next major move.
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.
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