XRP (CRYPTO: XRP) is holding above a critical long-term support level, but CryptoQuant shows traders are simultaneously piling into leveraged positions.
XRP’s $1.88 Test Comes Next
Market commentator Dark Defender said XRP’s current Elliott Wave structure can be traced back to 2023, when he first mapped a target near $0.90.
The analyst’s 2024 XRP structure targeted $3.60 from around $0.50, a level XRP ultimately reached in January 2025 before entering a correction.
He maintains that $0.9327 remains the critical Fibonacci support, with XRP’s recent $0.9852 low preserving the bullish Elliott Wave structure.
