XRP Shows Promising Support Signals as Analysts Suggest Potential for Major Rally Ahead

Key Points

1. XRP is completing an ABC corrective wave, with price action testing crucial support zones and showing signs of reversal, hinting at accumulation by investors.

2. Dark Defender’s analysis places XRP at the end of Wave C, which typically precedes a strong upward impulse, with RSI indicating growing momentum for buyers.

3. Egrag Crypto’s cycle analysis suggests XRP’s current cycle began in April 2021 and could last about 243 days, with a recent breakout above a key ascending trend line marking a bullish shift.

4. Analysts believe the breakout positions XRP for significant potential gains, though price volatility remains a factor to watch.