- XRP tests $2.20 after a clean breakout, with thin liquidity above key levels.
- Wave 4 correction nears completion, signaling possible entry into Wave 5.
- Volume gaps from $2.20 to $2.40 could fuel rapid upside if resistance breaks.
XRP’s price movement across major exchanges has shown synchronized bullish patterns following a prolonged consolidation phase. Analysts now focus on volume voids and technical resistance points that may define the next price expansion.
XRP Poised for Wave 5 Surge Amid Breakout and Key Fibonacci Confluence
XRP’s recent price breakout has cleared horizontal resistance zones that previously limited upward momentum. Market activity now centers around the $2.20 mark. Thin order books present opportunities for volatility and further price extension.
According to Dark Defender, XRP is nearing the end of its broader Wave 4 correction on the monthly chart. He outlined how price touched $2.1937, a level aligned with smaller wave structures, before reversing. He noted this touchpoint confirmed expectations for a minor pullback ahead of a larger upward move.
Source: Dark Defender
The analyst identifies $1.8815 as the key support level to monitor during short-term fluctuations. He also pointed out $2.222 and $2.40 as critical resistance levels that may define bullish continuation. The completion of Wave 4 aligns with prior consolidation patterns spanning six years between $0.30 and $0.50.
He emphasized the role of the 1.618 Fibonacci extension, intersecting with the Ichimoku cloud between $1.81 and $2.00. This convergence marked the probable base for Wave 5 to begin. His projected structure targets higher levels beyond $4.00, supported by a steep upward channel.
Given this context, Dark Defender expects three smaller wave advances within this broader structure. He maintains focus on resistance near the orange descending trendline, where rejection occurred in previous attempts. A break above this trendline may confirm resumption of a bullish leg.
Dom Focuses on Order Book Conditions and Market Expansion
Dom has provided additional insights through a comparative study of the Binance and Coinbase XRP charts. He noted that both markets reflect similar breakout structures, with XRP reaching $2.1585 and $2.1595, respectively. Thin order book liquidity above $2.20 allows room for rapid expansion into the $2.40s.
Source: Dom
Dom highlighted that bulls must reclaim $2.20 to validate sustained upside movement. Volume profiles show minimal resistance above this level, creating a vacuum zone to exploit. His view aligns with the broader sentiment that XRP is primed for accelerated movement once structural resistance breaks. This leads us to consider how closely aligned technical structures and market depth can reinforce bullish continuity in XRP’s path.
