XRP Price completes A Wave A, price drops to $2.36, what’s next for B and C?
XRP price movements have been limited to between $2.3 and $2.6 in the past few days, while the former reappeared after the market declines. Expect this pullback, especially after the XRP price has risen too much in such a small amount of time. As the callback approaches completion, it indicates that the next phase of the trend may be beginning.
XRP price shifts from fluctuation a to wave B
As XRP price declines over the rest of the market between Wednesday and Friday, it gradually marks the end of a phase, which gradually decreases to $2.36. Crypto analyst Dark Defender explained this in a post on X (formerly Twitter), where he showed where Altcoin is now and where it is next.
The Dark Guard calls the price reduction the first correction in the 4-hour time range. This is after the price was able to retest the $2.59 price in the first wave, which is also called the A Wave. Expected XRP price to fall to $2.36 and reach this level, which marks the completion of the A-wave.
Since the wave has been completed now, the next step is to enter the price of wave B. Wave B is expected to be bullish as XRP price may rebound from the lows of Wave A. This recovery is expected to increase the price by another 20% and push it to $2.57 again.
However, the main focus is not the B wave, but the completion of the C wave. After bounced $2.57 in wave B, it is expected that wave C will pour it to $2.36 again, but this is where the real fun begins. Once the bottom is marked with a C wave, a major breakthrough in the XRP price is expected.
The breakout is expected to break through the current monthly peak for May registration. With the action of B and C waves at $2.58, the first major resistance is $2.58, and the next major resistance is higher at $3.3333. Then, in the event of invalidity, there is also strong support for cryptocurrencies of $2.302 and $2.2222.
XRP open interest also remains high and stable, indicating that investors are choosing to maintain their current position. This may also mean that traders are waiting to see What should the price do next before placing a bet.
Featured pictures from dall.e, charts from tradingview.com
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