Cryptocurrency analyst Dark Defender has provided an update on his XRP price wave structure. He revealed that this altcoin is currently in Wave 4 and emphasized the targets and support levels that market participants should pay attention to at this altcoin's current price.

Wave 4 for XRP Price is Currently Occurring

In a post on X, Dark Defender stated that Wave 4 is currently occurring for the price of XRP. He added that the Relative Strength Index (RSI) also reflects the consolidation of Wave 4. The analyst also mentioned that this altcoin has completed Waves 1, 2, and 3. The accompanying chart shows that this altcoin could test the $3 support level as part of a corrective move.

Maintaining success at this support level, specifically $3.07, is expected to trigger the next explosive bullish move for XRP. Dark Defender predicts that this altcoin could rise to $5.8563 during this Wave 5 price surge. He further stated that the target is $3.61, the current all-time high (ATH), followed by $5.85, the new all-time high for XRP.

Cryptocurrency analyst Javon Marks recently predicted that the price of XRP could soon rise to a new ATH. He noted that this altcoin is holding strong, well above the $2.47 support level, meaning the next target is $4.804. The analyst added that surpassing this $4.804 level could trigger another bullish surge to $7.138.

A price increase to $7.138 would represent a surge of 128.78% from XRP's current price. Notably, this altcoin has risen over 35% year-to-date (YTD), moving up to third place among the largest market cap cryptocurrencies.

All Eyes Are on XRP's Monthly Closing Level

In a post on X, cryptocurrency analyst Egrag Crypto commented that the current focus is for the price of XRP to maintain above the $3.03 level for the monthly closing session. He noted that closing above this level would mark the first historical candle to close above this level in XRP's journey. Therefore, he claims that market participants may soon witness history being made.

If the price of XRP closes the month above $3.03, Egrag Crypto states that a price surge to the Chasm region at $8.9 is the minimum target for this altcoin in this market cycle. He also suggested that XRP could surpass this target and claimed that this is when the 'real fun' begins. His accompanying chart shows that a price surge up to $32 is also within reach.

At the time of writing, the price of XRP is trading at around $3.14, up over the past 24 hours, according to data from CoinMarketCap.