XRP Price Consolidation Nears End, $5 Finally in Sight

XRP is holding steady above a key support range between $1.21 and $1.55, keeping hopes alive for a strong move to the upside. According to market analysts, this area is critical. As long as XRP stays above $1.21, the overall bullish structure remains intact.

The recent price pullback is being seen as part of a normal wave pattern—specifically, wave four in a five-wave structure. If this pattern plays out, XRP could soon enter wave five, which might take the price as high as $5.65 or even $6.60. 

Short-Term Structure Points to Key Decision Levels

But for this to happen, XRP must avoid slipping below $1.21. If it does, a deeper drop could follow, possibly testing lower support levels between 88 cents and 61 cents. However, most analysts believe such a deep correction doesn’t align well with the bigger market picture.

The next big test will be whether XRP can stay above the $1.82 level. If that support holds and the price breaks above the recent high of $2.13 set on April 16, it could be the start of the next strong leg up. In that case, XRP may head toward the $2.46 mark and beyond.

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Final Stage of Consolidation?

Crypto analyst Dark Defender has called this period the “Final Consolidation” of XRP’s monthly structure. He believes the sideways movement is nearly over and a breakout could be near. He highlighted resistance levels at $2.22 and $2.30. If XRP moves above those, it may quickly push toward targets at $3.75 and even $5.85.

For now, XRP remains in a tight zone, with every move watched closely. The coming days will be important. If the current support levels hold, the next chapter for XRP could be a bullish breakout that long-term holders have been waiting for.

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