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Just caught this interesting chart from a crypto analyst—apparently XRP is setting up for a serious move. The Elliott Wave structure shows Wave 4 completion, which means Wave 5 should be kicking off now. I've been watching the support level around $1.44, and the RSI is showing that familiar pattern we saw back in 2024 before XRP's massive end-of-year rally.
The Fibonacci targets marked on the chart are pretty wild: $1.88, then $5.85, and the ambitious one at $18.22 based on 361.8% extensions. I'm not saying it'll hit all of them, but the technical setup does look solid. Current price is sitting at $1.33, so there's definitely room to run if momentum holds.
What caught my eye is how this dark defender crypto analysis aligns with the momentum indicators. The RSI recently bounced from oversold territory, similar to those earlier signals that preceded the big move. If Wave 5 follows typical patterns and buying pressure sustains, we could be looking at some interesting price action ahead.
Obviously this is just technical analysis—could go either way. But the setup is worth keeping an eye on if you're tracking XRP movement.