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XRP Analysts pointed out that XRP needs to stabilize its weekly closing of US$1.56 before it can start the next round of rising prices.
Well-known cryptocurrency analyst "Dark Defender" recently elaborated on the key technical milestones of XRP (Ripple) in the next phase. He pointed out that if XRP can close weekly at more than $1.56, it is expected to achieve a breakthrough. The assessment updates his previous forecast of possible large fluctuations in prices around $1. Currently, his analysis focuses on whether XRP can exceed US$1.56 to confirm that the current correction pattern is over and may usher in a higher price target.
Definition of key resistance and support levels
As a closely watched cryptocurrency analyst,"Dark Defender" identified US$1.56 as a key point for XRP on its weekly chart. He emphasized that only when XRP holds this level at the weekly close can it mark the end of the current correction wave (wave 2). Recently, XRP was trading at around $1.40, and analysts used Fibonacci retracement and expansion levels to map current prices and future targets.
According to Dark Defender's technical chart,$1.37 and $1.29 remain important support points in the current price structure. He asserted that the second wave would be completed only if the weekly close exceeded $1.56, and signaled that the market would shift to a new upward trajectory rather than just facing another area of resistance.
Dark Defender said: "When XRP closes above $1.56, the second wave of the week is completed. The target prices for Zilang 3 are $1.88,$4.10 and $7.07 respectively, while the support levels are at $1.37 and $1.29."
Zi Lang 3 targets are set at $1.88,$4.10 and $7.07.
Analysts 'technical roadmap predicts that if XRP can achieve a weekly close of $1.56, it may start to move towards the next Fibonacci based target. Target positions specified include: $1.88 at the 161.8% Fibonacci extension,$4.10 at the 261.8% extension, and $7.07 aligned with the 361.8% mark.
Although the chart extends to the target of $10.11-corresponding to the 427.2% Fibonacci extension-Dark Defender's current written analysis emphasizes that the next band will focus on the three targets of $1.88,$4.10 and $7.07, provided that XRP is confirmed to close above $1.56.
Mini Dictionary: Fibonacci Extension is a technical analysis tool that predicts potential support, resistance and target price levels by applying Fibonacci ratios to previous price movements.
Market participants emphasize confirmation signals and entry ranges
Some traders who commented on this analysis emphasized that confirmation signals are more important than labeling definitions of wave patterns. A man named Siwers| LHT users pointed out that the weekly close of $1.56 is the "actual trigger" for any substantial upside target, and noted that until this confirmation is received, neither $1.88 nor $4.10 are touchable.
This view is consistent with Dark Defender's technical mapping, as $1.37 and $1.29 are identified as decisive support areas and these support levels must be maintained before any attempt to break through $1.56. Another user, CalistaThrive, suggested that the current price range is attractive to potential buyers, but an individual's entry decision still depends on their investment strategy and risk tolerance.
Market observers stressed that confirmation of the US$1.56 level is crucial, while keeping the US$1.37 support intact is equally significant for any bullish outlook.
XRP是XRP Ledger的原生数字资产，这是一个去中心化区块链网络，主要设计用于高效进行跨境支付和汇款。该资产在国际金融机构之间的交易中发挥着关键作用。
