- XRP completes ABC correction, positioning for bullish Wave (3) with targets at $3.33 and resistance at $2.655.
- Weekly bull flag breakout suggests XRP could rally to $5.50, with support stable above $2.00.
- Market Experts emphasize $2.2222 support and $3.3333 resistance as critical for maintaining momentum toward higher targets.
XRP has entered a strong technical phase after completing a key correction in its short-term structure. Current chart patterns and wave analysis now project price continuation beyond $3.00, with upside targets approaching $5.50.
Bullish Rebound After ABC Correction on 4-Hour Chart
XRP is displaying renewed strength on lower timeframes after finalizing a structured correction phase. The price behavior confirms a completed ABC retracement pattern, signaling readiness for the next upward wave.
A clear reversal formation has taken shape within the 4-hour timeframe, offering actionable signals for traders. Technical analyst Dark Defender identified the completion of Wave (1) at $2.655 before the onset of the ABC correction. According to him, Wave (A) retraced to $2.319, aligning with the 61.8% Fibonacci level, while Wave (C) concluded near $2.362, close to the 50% retracement mark.
Source: Dark Defender
The analyst marks the $2.319–$2.362 range as a high-probability accumulation zone. He also pointed out that XRP is now positioned to initiate Wave (3), potentially targeting a breakout above resistance at $2.655. Following the completion of this bullish impulse, the analyst expects XRP to reach $3.333.
Dark Defender has provided additional insights into key support and resistance levels. He identified support at $2.3502 and $2.2222, with short-term resistance at $2.58 and $3.3333. He emphasized that if these zones hold, XRP could resume its upward momentum soon.
Weekly Bull Flag Signals Larger Upside Target
The weekly chart supports a broader breakout scenario based on the short-term trend. Analyst Bitcoinsensus has presented a comparative analysis of XRP’s current position within a classic bull flag formation.
Source: Bitcoinsensus
This chart setup follows a strong rally between October and December 2024. XRP rose from $0.50 to over $2.50 during this period, creating a steep flagpole. The price then consolidated between $2.00 and $3.00 over four months, forming a descending channel.
Bitcoinsensus explained that XRP has recently broken out above the resistance line of this consolidation pattern. He calculated a pole target of $5.00 using the flag’s vertical rise. This updated projection reaches $5.50, accounting for momentum-driven overshoots.
Support remained stable above $2.00, while resistance gradually declined from $3.20 to $2.50. The breakout occurred as XRP climbed past $2.50, confirming the bullish structure. According to his findings, XRP’s continuation depends on broader crypto market conditions.
