Dark Defender, a crypto technical analyst, recently shared insights into the price movements of XRP. According to his analysis, XRP had initially stopped at $0.93, which he identified as the conclusion of Wave 1. The cryptocurrency then entered Wave 2, a corrective phase. On September 2nd, Dark Defender pointed out the final support levels of $0.46 and $0.39 for XRP during this phase.
As of now, XRP is hovering at the $0.46 support level. Dark Defender posits that if the price drops below this support, the next and final level to watch would be $0.39. Once these support levels are reached, he expects Wave 2 to end. This would subsequently lead to Wave 3, where he anticipates XRP targets of $1.88 and $5.85 to be in play.
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Show more +Dark Defender’s insights offer a comprehensive technical analysis of XRP’s recent price trends and serve as a valuable resource for those interested in cryptocurrency trading. Always make sure to do your own research and consult multiple sources when considering investment opportunities.
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