XRP Consolidation Is Nearing an End. Here’s the Significance

Crypto analyst Dark Defender has released a new chart-based projection for XRP, suggesting that the digital asset is about to complete a significant consolidation phase. In a tweet that captioned a detailed price chart, Dark Defender stated that XRP’s ongoing consolidation appears to be in its final stage within the broader monthly structure. As the chart outlines, this phase has been characterized by many lower highs and relatively steady support zones, forming a descending triangle formation that now seems close to a breakout. According to the chart and commentary provided by Dark Defender, the asset is showing signs of preparing for a major impulsive move. The chart starts with a label “Impulsive Wave 1,” implying the initial move in a five-wave Elliott Wave structure. These projected waves, as drawn in the chart, anticipate a sharp bullish trend, with a notable breakout beyond resistance levels, followed by a strong upward continuation toward higher price targets. Hi all! I hope you are well! #XRP consolidation is nearing an end, 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 — Dark Defender (@DefendDark) April 18, 2025 Key Resistance and Support Levels Identified The resistance levels that have been emphasized include $2.22 and $2.30, both aligned with the descending trendline shown in orange. These levels represent key thresholds that XRP must surpass to confirm the beginning of the upward movement. On the downside, support zones are identified at $1.88 and $1.63, reliable floors during the asset’s consolidation. These technical levels are considered critical to validating the breakout scenario outlined in the chart. If XRP can breach the $2.30 resistance zone with volume and maintain above it, the path toward the higher Fibonacci extension targets becomes more probable. Conversely, a breakdown below the identified support levels would invalidate the bullish outlook and potentially indicate a continuation of the consolidation structure. Projected Wave Structure Targets $3.75 and $5.85 Dark Defender has also outlined longer-term targets based on this projected wave structure. Specifically, the chart indicates potential price levels of $3.75 and $5.85, with the latter corresponding to the 261.80% Fibonacci extension level. These targets are not presented as guarantees, and the tweet includes a disclaimer emphasizing that the information shared is not financial advice and is intended for educational and informational purposes only. The visual analysis shows that the breakout is expected to initiate shortly after XRP completes its current retest of the lower boundary of the consolidation range. The chart suggests that the first impulsive breakout will encounter resistance near $2.30 for a rapid rally toward $3.75. A brief correction is expected afterward, followed by a push toward the $5.85 level, completing what is labeled “Wave 5.” Final Monthly Consolidation May Be Ending Dark Defender refers to this stage as the “Final Consolidation” in the monthly chart, indicating a belief that the asset’s lengthy period of price compression is reaching its endpoint. This viewpoint aligns with the visual cues presented in the chart, particularly the tightening price action near long-term resistance and the growing likelihood of a breakout. Overall, Dark Defender’s analysis emphasizes a technically driven outlook for XRP , with clearly defined resistance and support levels, and specific price targets should the forecasted impulsive waves materialize. While the chart does not guarantee outcomes, it offers a structured roadmap for how XRP may behave in the coming weeks, based on historical price action and technical indicators. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post XRP Consolidation Is Nearing an End. Here’s the Significance appeared first on Times Tabloid .

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