XRP Holds The Line At —Wave 5 Could Unleash Run To + XRP Holds The Line At —Wave 5 Could Unleash Run To +

XRP Holds The Line At $3—Wave 5 Could Unleash Run To $6+

XRP is holding strong above the key $3 level, keeping its bullish breakout intact. With Wave 4 consolidation underway, a push into Wave 5 could propel the price toward $6 and beyond.

Wave Structure Confirmed: XRP Completes Wave 3, Wave 4 Consolidation Underway

In an X post, Dark Defender recalled an earlier post shared on July 6, where he outlined a weekly wave structure for XRP with an initial target of $3.61. Building on that analysis, he has now presented the daily chart of the same wave structure, offering a closer look at XRP’s ongoing price action within the broader Elliott Wave framework.

According to Dark Defender, XRP has already completed Wave 1, Wave 2, and Wave 3 of the current cycle. The price is now in Wave 4, which appears to be a period of consolidation. This consolidation phase is also reflected in the Relative Strength Index (RSI), which signals that the market is taking a breather before the next potential leg higher.

Looking ahead, Dark Defender projects the Wave 5 target to be approximately $5.8563, noting that this is not financial advice (NFA). He maintains his initial target of $3.61 while adding $5.85 as a potential high for this next impulsive move. These targets are based on the continuation of the current wave structure, assuming support levels hold.

Key support for XRP is identified around $3.07. As long as XRP maintains this support and progresses through Wave 4, the bullish wave setup remains valid, with eyes firmly on a breakout toward the $5.85 mark.

The Altcoin Eyes First Ever Monthly Close Above $3

Sonia S., in her latest post on X, pointed out that XRP is poised to achieve a historic milestone by closing the month above $3 for the first time ever. This potential monthly close marks a major bullish development and could signal the start of a new phase in XRP’s long-term price movement.

She identified a crucial breakout zone between $1.97 and $3.01, which XRP has successfully cleared. With this breakout confirmed, Sonia highlighted the next key psychological targets at $4.50 and $6.00+ levels that could attract significant attention from both traders and investors.

As long as XRP maintains its position above $3 on the monthly chart, Sonia noted that price discovery becomes possible, given the lack of historical resistance beyond this level. However, Sonia also warned that if XRP fails to hold above $3 and closes back below this level, the breakout would be invalidated. Such a move could indicate a false breakout and potentially lead to a pullback, making the $3 level a crucial line for the bulls.

XRP

Source link

Godspower Owie

https://www.newsbtc.com/analysis/xrp/xrp-holds-the-line-at-3/

2025-07-30 11:02:15

bitcoin
Bitcoin (BTC) $ 117,880.00 3.95%
ethereum
Ethereum (ETH) $ 4,536.75 3.78%
xrp
XRP (XRP) $ 3.07 5.98%
tether
Tether (USDT) $ 1.00 0.03%
bnb
BNB (BNB) $ 835.96 0.88%
solana
Solana (SOL) $ 192.15 4.13%
usd-coin
USDC (USDC) $ 0.999808 0.00%
staked-ether
Lido Staked Ether (STETH) $ 4,523.82 3.87%
tron
TRON (TRX) $ 0.358167 0.74%
dogecoin
Dogecoin (DOGE) $ 0.222872 8.23%
cardano
Cardano (ADA) $ 0.901233 2.42%
wrapped-steth
Wrapped stETH (WSTETH) $ 5,486.19 3.69%
hyperliquid
Hyperliquid (HYPE) $ 45.84 3.53%
chainlink
Chainlink (LINK) $ 22.30 5.83%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 117,946.00 3.82%
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,879.12 3.87%
stellar
Stellar (XLM) $ 0.423682 6.25%
sui
Sui (SUI) $ 3.73 6.08%
wrapped-eeth
Wrapped eETH (WEETH) $ 4,861.61 3.91%
bitcoin-cash
Bitcoin Cash (BCH) $ 589.77 3.60%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
hedera-hashgraph
Hedera (HBAR) $ 0.248472 5.62%
weth
WETH (WETH) $ 4,537.46 3.76%
avalanche-2
Avalanche (AVAX) $ 23.55 7.08%
litecoin
Litecoin (LTC) $ 121.43 6.54%
the-open-network
Toncoin (TON) $ 3.44 2.17%
leo-token
LEO Token (LEO) $ 9.32 0.73%
usds
USDS (USDS) $ 0.999805 0.00%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 7.03%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.01%
uniswap
Uniswap (UNI) $ 10.89 9.53%
whitebit
WhiteBIT Coin (WBT) $ 45.29 3.31%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 117,954.00 3.94%
polkadot
Polkadot (DOT) $ 3.99 5.73%
okb
OKB (OKB) $ 91.92 10.92%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.19 0.02%
bitget-token
Bitget Token (BGB) $ 4.54 5.32%
crypto-com-chain
Cronos (CRO) $ 0.153488 7.50%
ethena
Ethena (ENA) $ 0.732999 6.10%
aave
Aave (AAVE) $ 309.80 4.77%
pepe
Pepe (PEPE) $ 0.000011 9.65%
monero
Monero (XMR) $ 245.89 3.27%
dai
Dai (DAI) $ 0.999869 0.03%
mantle
Mantle (MNT) $ 1.11 0.95%
bittensor
Bittensor (TAO) $ 364.01 6.68%
near
NEAR Protocol (NEAR) $ 2.75 6.89%
ethereum-classic
Ethereum Classic (ETC) $ 22.24 7.19%
aptos
Aptos (APT) $ 4.75 4.43%
ondo-finance
Ondo (ONDO) $ 0.997453 6.54%
pi-network
Pi Network (PI) $ 0.380435 4.85%