The post XRP Price Consolidation Nears End, $5 Finally in Sight appeared first on Coinpedia Fintech News
XRP is holding steady above a key support range between $1.21 and $1.55, keeping hopes alive for a strong move to the upside. According to market analysts, this area is critical. As long as XRP stays above $1.21, the overall bullish structure remains intact.
The recent price pullback is being seen as part of a normal wave pattern—specifically, wave four in a five-wave structure. If this pattern plays out, XRP could soon enter wave five, which might take the price as high as $5.65 or even $6.60.
Short-Term Structure Points to Key Decision Levels
But for this to happen, XRP must avoid slipping below $1.21. If it does, a deeper drop could follow, possibly testing lower support levels between 88 cents and 61 cents. However, most analysts believe such a deep correction doesn’t align well with the bigger market picture.
The next big test will be whether XRP can stay above the $1.82 level. If that support holds and the price breaks above the recent high of $2.13 set on April 16, it could be the start of the next strong leg up. In that case, XRP may head toward the $2.46 mark and beyond.
Final Stage of Consolidation?
Crypto analyst Dark Defender has called this period the “Final Consolidation” of XRP’s monthly structure. He believes the sideways movement is nearly over and a breakout could be near. He highlighted resistance levels at $2.22 and $2.30. If XRP moves above those, it may quickly push toward targets at $3.75 and even $5.85.
For now, XRP remains in a tight zone, with every move watched closely. The coming days will be important. If the current support levels hold, the next chapter for XRP could be a bullish breakout that long-term holders have been waiting for.
