XRP Price at Critical Juncture: Can Bulls Conquer $3.13 for Next Major Rally?
Following a robust market recovery, XRP has successfully completed an important Wave 3 move, as identified by crypto analyst Dark Defender. This milestone now sets the stage for the cryptocurrency's next significant price action, with a crucial resistance level at $3.13 serving as the key determinant for its future trajectory. The market is keenly watching whether XRP can overcome this "make-or-break" point. According to Dark Defender's analysis, the completion of Wave 3, which saw XRP clear the $3.01-$3.07 target range, could introduce a period of potential downside. This anticipated correction aligns with the historically bearish Wave 4, typically following a strong bullish impulse. Such a correction, while potentially triggering an "E Wave" scenario (a steep decline down to around $2.74), could also present a strategic opportunity for bulls to re-accumulate before the market's next upward swing. However, the current market sentiment remains largely bullish, evidenced by the dominance of the "D wave." If XRP bulls successfully breach and sustain above the formidable $3.13 resistance level, it would invalidate bearish outlooks and pave the way for a highly anticipated Wave 5. Historically, Wave 5 is considered the most bullish phase, and its successful playout could propel XRP past the $3.13 mark, fueling a significant rally for the cryptocurrency.
