The technical explosion of XRP has begun — and the next target is $5.20!
XRP has emerged from a 5-month descending wedge pattern, closing the daily candle above $2.40 with strong trading momentum — a clear confirmation of the start of a new bullish wave.
Key points:
Strong support at $1.40 has held three times
Elliott Wave structure indicates the end of the ABC correction
Upcoming targets: $2.58 → $3.33 → $5.20
Technical indicators are positive, and institutional buying may start to accumulate
Analysts like CW and Dark Defender expect the completion of a new bullish wave, indicating that history may repeat itself.
Watch for support at $2.36 and resistance at $3.20 – $3.80.
