XRP’s Next Move: Analyst Pinpoints Two Critical Resistance Levels Before Wave 3 Top
XRP bulls are eyeing the next major breakout—but two stubborn price walls stand in the way.
According to a fresh technical analysis, the digital asset must now clear two specific resistance levels before it can enter what chartists call 'Wave 3'—a phase often associated with powerful, sustained rallies. The path forward is mapped, but it's far from a free pass.
The Double-Barrier Problem
Market technicians are watching two key price zones like hawks. The first resistance level acts as a near-term gatekeeper, a zone where selling pressure has historically clustered. Break through that, and the second, higher barrier awaits—a level that could define the trend's medium-term credibility.
It’s a classic setup: conquer these hurdles, and the narrative swiftly shifts from 'if' to 'when' for the next leg up. Fail, and the consolidation game continues—much to the delight of short-term traders and the despair of permabulls.
The Wave 3 Promise
Why the focus on 'Wave 3'? In Elliott Wave theory, this phase is typically the strongest and most dynamic, often catching mainstream attention and fueling FOMO. For XRP, reaching that stage would signal a confirmed shift in market structure, potentially unlocking significant upside targets.
Of course, this all hinges on a clean breakout. The analysis stresses that a decisive close above both resistance levels is needed—no half-measures or fleeting spikes allowed. It’s a high-stakes technical checklist.
The Waiting Game
For now, the market watches and waits. Volume, momentum, and broader crypto sentiment will be the ultimate judges. Every rejection at resistance adds another page to the saga—another chapter in the endless cycle of hope, analysis, and, as any seasoned trader will tell you with a cynical smirk, the expensive lesson that charts are great until they’re not.
The levels are set. The theory is clear. Now, it's price's turn to vote.
A prominent market analyst has identified two important resistance levels XRP would have to breach above before it can reach its Wave 3 high. Since October, XRP has struggled to hold $2 support, amid intense bearish pressure across the crypto market.
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