Here’s is XRP ABCDE Pattern that Could Finally Take $XRP to $5-$6

The ABCDE Pattern

The ABCDE pattern began with XRP’s extraordinary surge of 117,693% from a low of $0.00281 in July 2014 to its all-time high of $3.31 in January 2018. Dark Defender’a chart shows this monumental rise with a long blue line on the monthly timeframe.

However, the bullish momentum could not sustain itself, leading to a sharp correction as the crypto market dropped. XRP collapsed by 96% from its peak to a low of $0.1140 in March 2020, marking the beginning of the A movement.

XRP Monthly ABCDE Pattern | Dark Defender

Subsequently, in the B movement, XRP witnessed a resurgence, climbing 1,624% from the $0.1140 low to $1.966 in April 2021. Yet again, the cryptocurrency faced a significant drop, declining 84% from $1.966 in April 2021 to $0.3148 in November 2022, forming the C movement.

The D movement saw another recovery, with XRP gaining 195% from the $0.3148 low to $0.93 in July 2023. Finally, the E movement recorded a 59% drop from $0.93 in July 2023 to $0.3824 in July 2024.