XRP Price Completes Wave 3 Move, Why $3.13 Must Be Broken

With the recent market recovery, the XRP price has been able to confirm an important Wave 3 move that was earlier highlighted by crypto analyst Dark ￰0￱ this move has been completed, it is now time for the cryptocurrency to move into the next stage of the ￰1￱ this junction, there is a simple roadblock to a continuation of the rally and that lies at $3.13. In the follow-up analysis, Dark Defender reveals what could happen if the XRP price were to either break or get rejected at this ￰2￱ To Expect From The XRP Price In the analysis, Dark Defender highlighted that there is a possibility of some downside after the XRP price hits the 3rd Wave ￰3￱ 3rd Wave target sits between $3.01 and $3.07, and the initial run-up on Tuesday had seen the cryptocurrency quickly clear this ￰4￱ Reading: XRP Price Setting Up For Next Leg With Expected Targets Reaching $19.27 The next wave that could trigger the expected downtrend is Wave 4, which is historically ￰5￱ is not out of the ordinary, as a bullish wave, such as the 3rd Wave, will usually see a ￰6￱ correction can often present an opportunity for bulls to reload while the Wave 4 plays out.

However, there is another important wave in this mix, and that is the E ￰7￱ the crypto analyst explains, for this wave to play out, it would be entirely dependent on where the price ￰8￱ here, the next major level is $3.13, and that is the make-or-break level. Now, if the bulls are able to completely break the resistance at $3.13 and continue further, then it would invalidate any bearish ￰9￱ in the case of a full rejection and the price bouncing back, then the E wave could be triggered for the XRP ￰10￱ Reading: Bitcoin Price To $150,000, Ethereum At $8,000, And An Altcoin Season? Analyst Reveals When In the event of an E Wave trend, the XRP price would be expected to see a steep ￰11￱ would go through all of the important Fibonacci levels, and the crypto analyst explains that it could send the XRP price tumbling back down to as low as $2.74.

Nevertheless, for now, the D wave remains in play, suggesting stronger dominance from the ￰12￱ the Wave 4 is completed, then the last and final wave, the Wave 5, is expected to play ￰13￱ is historically the most bullish wave and could be responsible for a break above $3.13. Featured image from Dall. E, chart from ￰14￱