XRP discussions caused X to tremor in my feed while I spent time on X because people detected a symmetrical triangle formation in its price chart. XRP shows ready signals of imminent change through its tight trendlines, which attract my full attention. Could this be XRP’s moment?
The analyst DefendDark forecasts a possible XRP breakout to reach a price of $6. He has monitored the pattern for weeks, observing the price compression in the triangle region. Within crypto markets, a symmetrical triangle pattern acts similarly to a coiled spring since its resolution brings explosive price movements that can be upward or downward. His escalation in market betting matches my favorable mood about the situation.
It’s not just hot air. XRP has experienced significant price swings in this period, reaching $2.04 on Fibonacci support before the price required to overcome it became $2.22. According to @DefendDark, the resistance level he hopes to break will generate movement towards $5-$8. I have already noticed this pattern since these setups tend to become unpredictable when they work.
Technicals Meet Hype: Elliott Waves and Fibs
Technology specialists have developed a strong passion for this situation. Steph_iscrypto is screaming about millionaires being made while showing a chart that is visual perfection. She brings unending momentum energy, which makes me want to invest half-heartedly in the market.
The analyst at DefendDark combines Elliott Wave theory with his analysis, which examines five-wave crowd psychology patterns. The analyst predicts that XRP will start its fifth wave, which functions as the main reward phase. The chart analysis reveals bullish potentials through support at $2.04 matched against $2.22 as the entry point after applying Fibonacci levels. Wave 5 targets? Up to $8, he says.
The recent positive trends in crypto have caught my attention, especially after Eric Trump proclaimed Bitcoin the best yesterday. XRP maintains its distinctive supply of energy. TheCryptoBasic reports that XRP rose 580% in January to reach $3.4 levels, but its price has settled at $2.19 based on CoinGecko data. The predicted $6 price increase amounts to a 174% surge through which investors might profit based on favorable market conditions.
Congress Steps In: April 9 Could Seal the Deal
According to ” The Future of American Innovation and Digital Assets, ” a key crypto hearing will take place on April 9 at the U.S. House. The U.S. House members are developing security regulations for digital coins, including XRP. Posts from Ripple’s FAQ confirm they have already received clarity following the March SEC appeal drop, which could become a primary growth factor.
The IPO filing news from Circle that I covered demonstrates a positive link between stablecoins and XRP, as they depend on regulatory approvals. Congress’s approval of digital assets may lead XRP to become more successful in its cross-border payment service. Trump’s effort to establish a Bitcoin reserve, together with existing market conditions, creates optimal conditions for increased market performance.
Will it hit $6? The price trigger is $2.22, according to the analyst @DefendDark, who predicts this movement to happen during April-May. Although I’m not a fortune teller, I predict this setup stands strong because its components include technology metrics, market feelings, and industry regulations. I believe there is an advantage to the upside, no matter what happens with the bears or Congress blocking their decisions. Are you feeling this XRP hype?
