{"id":3052,"date":"2025-02-19T06:00:32","date_gmt":"2025-02-19T06:00:32","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-consolidation-completed-will-wave-3-propel-prices-beyond-the-5-barrier\/"},"modified":"2025-02-19T06:00:32","modified_gmt":"2025-02-19T06:00:32","slug":"xrp-price-consolidation-completed-will-wave-3-propel-prices-beyond-the-5-barrier","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-consolidation-completed-will-wave-3-propel-prices-beyond-the-5-barrier\/","title":{"rendered":"XRP Price Consolidation Completed: Will Wave 3 Propel Prices Beyond The $5 Barrier?"},"content":{"rendered":"

After two weeks of trading within the $2.30 to $2.50 range, the XRP price appears to be on the brink of a significant price movement. Potentially entering a new price discovery phase for the first time in seven years, analysts suggest\u00a0a possible surge to new record highs.<\/p>\n

Bullish Targets For XRP Price\u00a0<\/h2>\n

In a recent post <\/a>on social media platform X (formerly Twitter), technical analyst Dark Defender indicated that the XRP price consolidation has concluded, as evidenced by the lows in the relative strength index (RSI) on the daily chart.\u00a0<\/p>\n

The analyst posits that a “wave 3” rally may be set to launch, targeting a price of $5.85, which would represent an impressive 129% increase from its XRP\u2019s current trading level of $2.55.<\/p>\n

\"XRP<\/p>\n

Further reinforcing his bullish outlook, Dark Defender identified another ambitious target for XRP, suggesting it could nearly triple its previous all-time high of $3.40, aiming for a new target of $8.76, which implies a potential 243% uptrend from current levels.<\/p>\n

In addition, Dark Defender pointed to key support levels for the XRP price in the short-term, currently established at $1.88 and $2.33. The latter has proven to be a critical threshold, preventing further declines amid a turbulent market characterized by broader cryptocurrency sell-offs.\u00a0<\/p>\n

On the upside, however, the XRP price may face major resistance at the $2.66 and $3.12 levels, which previously served as support before the extension of the recent downtrend for the altcoin.<\/p>\n

Should the XRP price manage to break free from its current consolidation phase and reclaim the $3 mark, additional resistance could emerge at $3.29 and $3.38, levels that previously thwarted attempts to surpass the $3.40 record.<\/p>\n

SEC Acknowledges Grayscale\u2019s XRP ETF Filing<\/h2>\n

A significant legal development in the US could serve as a catalyst for these anticipated price movements. The US Securities and Exchange Commission (SEC) has recently acknowledged <\/a>Grayscale\u2019s filing for an XRP exchange-traded fund (ETF), signaling potential advancements toward the approval of such investment vehicles.\u00a0<\/p>\n

This development follows a shift in the SEC’s leadership, with the departure of Gary Gensler, who oversaw the lawsuit against Ripple Labs\u2014an action that stifled XRP\u2019s price for nearly four years, confining it to a narrow trading range of $0.30 to $0.50.<\/p>\n

The current administration under President Donald Trump is seen as adopting a different approach to regulatory oversight compared to the previous Biden administration.\u00a0<\/p>\n

The new SEC leadership may promote a more favorable environment for cryptocurrencies beyond the approvals of Bitcoin and Ethereum ETFs last year, which have significantly increased their adoption and attracted capital inflows.<\/p>\n

\"XRP<\/p>\n

However, until these developments materialize, the XRP price remains steady at $2.55, having recorded an 11% gain over the past week but a notable 17% decline over the previous fourteen days.\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"

After two weeks of trading within the $2.30 to $2.50 range, the XRP price appears to be on the brink of a significant price movement. Potentially entering a new price discovery phase for the first time in seven years, analysts suggest\u00a0a possible surge to new record highs. Bullish Targets For XRP Price\u00a0 In a recent…<\/p>\n","protected":false},"author":1,"featured_media":3053,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361],"tags":[51,52,53,254,1479,1480,326,327,362,958,492,1001,363,1709,152],"class_list":["post-3052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-cryptocurrency","tag-spot-xrp-etf","tag-xrp-etf","tag-xrp-news","tag-xrp-price","tag-xrp-price-analysis","tag-xrp-price-breakout","tag-xrp-price-forecast","tag-xrp-price-news","tag-xrp-price-prediction","tag-xrp-xrpusdt","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=3052"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3053"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}