XRP, the token closely linked to Ripple Labs, shows signs of a potential break because its price graph form a symmetrical triangle model alongside other bruise technical indicators.
XRP has consolidated in the model below, characterized by two convergent trend lines which suggest an accumulation of momentum. The technical analysis of the user X well followed @DeFendDARK indicates that a break in this training could propel XRP towards a short -term target of $ 6.
The symmetrical triangle has been formed in recent weeks, with the tightening of XRP prices as the triangle Apex approaches. This configuration, commonly observed on cryptographic markets, often precedes a net movement – up or down – depending on the direction of the break.
Fibonacci’s retracement analysis also takes this perspective, identifying $ 2.04 as a level of key support and $ 2.2 as a critical resistance. A break greater than $ 2.2 could confirm the upward trend, potentially leading XRP to the range from $ 5 to $ 8 to mid-term, by @darkdefend.
Hi everyone!
I hope you’re well! #Xrp touched our lowest level of fibonacci.
As indicated, $ 2.222 is the key level and must be broken upwards.
We fell at $ 2.04 as a last level of fibonacci, and we can visit it again!
April-May will be hot, and our targets of wave 5 stand at … pic.twitter.com/j2junirckn
– Dark Defender (@DeFendDark) March 30, 2025
The Elliott Wave frame provides price movements in five distinct “waves” depending on repetitive price models, called “waves”. The five wave scheme reflects growing optimism, while three waves correction shows profit or pessimism. These waves are motivated by the collective psychology of investors and can occur on different deadlines and are considered by followers as a means of mapping market.
As such, an upward technical perspective coincides with growing optimism on the cryptography market, pulled in part by regulatory developments. The US House will hold a crypto audience on April 9, called “the future of American innovation and digital assets: adjust the American laws on securities for the digital age”, with plans to develop a regulatory framework for digital assets.
This could stimulate eyes on tokens perceived as close to the American government, such as XRP and Ada de Cardano, which were appointed as part of the potential crypto stock by President Donald Trump earlier in January.
