XRP is once again capturing the attention of traders and analysts who are closely monitoring potential breakout opportunities that could significantly alter its price trajectory. The cryptocurrency recently experienced a brief pullback and is currently showing signs of a bullish sentiment, as technical analysts highlight a critical price point of $3.33, which could be the key to unlocking a new wave of gains for the Ripple-affiliated token.
As of today, XRP’s price is hovering around $2.86 after witnessing a dip of over 6% in just 24 hours. However, this downturn has not disheartened XRP enthusiasts. Many see it as a healthy phase for accumulation. Notably, technical analyst Dark Defender has released a detailed analysis termed “The Masterpiece 11.” He posits that XRP is on track with its targets, aligning with long-term historical trends that signal a forthcoming rally.
Dark Defender’s analysis emphasizes the historical patterns that XRP is currently tracking, asserting that a breakout above the $3.33 mark could initiate significant upward momentum. He stated on a social platform that crossing this psychological and technical barrier would likely trigger a series of impactful price movements. The analysis employs the Elliott Wave theory, which has effectively captured XRP’s previous price cycles, creating optimism among its supporters.
According to Dark Defender’s chart analysis, XRP has completed a corrective cycle earlier this year and is now in the final stages of Wave 2, characterized by sideways movement around the $3.00 mark. Should this trend persist, the upcoming Wave 3 could emerge as the strongest segment of the rally, potentially launching XRP’s price to levels around $5.85 before eyeing even loftier targets beyond $10 and up to $18.
The analyst has underscored Fibonacci extensions that indicate several crucial levels:
– A 161.8% extension at $1.88, already reached in early 2025.
– A 270.2% extension at $3.35, currently being tested as a breakout zone.
– A 261.8% extension of $5.85, seen as a medium-term target if $3.33 is surpassed.
– A long-term objective is set at a 361.8% extension of $18.22.
This analytical framework mirrors XRP’s previous market cycles, where prolonged consolidation phases often preceded explosive rallies, propelling XRP to new heights.
In addition to technical indicators, various fundamental factors are contributing to the bullish outlook. Recent reports suggest that the U.S. Securities and Exchange Commission (SEC) is reviewing over 90 filings for potential XRP-related Exchange-Traded Funds (ETFs). The approval of these ETFs could enhance liquidity, attract institutional interest, and solidify XRP’s standing in regulated markets.
An important timeline is approaching as seven XRP ETF decisions are expected between October 18 and October 25, representing a potentially pivotal week for the token’s future. This comes on the heels of the SEC’s approval of a leveraged XRP futures ETF, a milestone that has begun to infuse fresh capital into the ecosystem. Broader market sentiment has also been supportive, with Bitcoin expected to trade within a range of $135,000 to $195,000 in the coming cycle—an environment generally advantageous for altcoins like XRP.
The predictions surrounding XRP’s potential have ignited spirited discussions within its community. Many supporters view Dark Defender’s analytical work as a “masterpiece,” reinforcing their faith in XRP’s long-term potential. Conversely, skeptics caution against the ambitious target of $18, pointing to the cryptocurrency’s recent downward movement.
As it stands, XRP is trading at approximately $2.85, up 1.25% in the last 24 hours. Market analyst Crypto Rover has chimed in with a forecast predicting that XRP could range between $3.20 and $4.80 by the end of 2025, contingent on Ethereum hitting around $9,500. Such forecasts underscore the interconnected nature of the cryptocurrency market, where the performance of XRP is often influenced by trends in Bitcoin and Ethereum.
Looking ahead, if XRP breaks convincingly above the $3.33 mark, analysts suggest it could retest the local high of $3.66 and potentially enter a new price discovery phase. Predictions for 2025 then range between $5.85 in the medium term and over $10 during a full Wave 3 rally. Nevertheless, analysts caution that regulatory outcomes, macroeconomic factors, and inherent crypto market volatility remain pivotal variables. With recent updates on the XRP lawsuit and speculation surrounding ETF approvals, the upcoming months may be crucial for determining XRP’s path. All eyes are now fixed on the $3.33 breakout level, viewed as the gateway to XRP’s next major move.
