{"id":658290,"date":"2024-12-06T14:00:33","date_gmt":"2024-12-06T14:00:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=658290"},"modified":"2024-12-06T07:06:13","modified_gmt":"2024-12-06T07:06:13","slug":"xrp-price-marks-2-13-2-92","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/xrp-price-marks-2-13-2-92\/","title":{"rendered":"XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What Happens When Wave 2 Begins?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Technical analysis of the XRP price has revealed the creation of corrective waves in light of the recent correction since December 3. Particularly, the cryptocurrency is now trading between <\/span><a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-climbs-above-1-fibonacci-levels-reveal-more-gains-ahead\/\"><span style=\"font-weight: 400\">crucial Fibonacci levels <\/span><\/a><span style=\"font-weight: 400\">that could be correcting for a while longer. With the aid of these Fibonacci levels, crypto analyst Dark Defender shared insights on social media platform X, highlighting the $2.13 and $2.92 price ranges as pivotal for the XRP price.\u00a0<\/span><\/p>\n<h2>XRP Tests Fibonacci Levels Amid Market Correction<\/h2>\n<p><span style=\"font-weight: 400\">According to the XRP chart below, <\/span><a href=\"https:\/\/x.com\/DefendDark\/status\/20733086\" rel=\"nofollow\"><span style=\"font-weight: 400\">which was first highlighted<\/span><\/a><span style=\"font-weight: 400\"> on social media platform X by crypto analyst Dark Defender, the XRP price rally earlier in the month saw it peaking around $2.92 on crypto exchange Binance, which also aligned with the 261.80% Fibonacci extension level. This impressive high, however, was short-lived as the token faced a correction that brought its price down to a support at $2.17. Notably, this support is also just above the 161.80% Fibonacci extension level at $2.13, which is now a critical point for the XRP price going forward.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-100000-bull-trap\/\">Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers<\/a><\/div>\n<p><span style=\"font-weight: 400\">With this in mind, Dark Defender noted that both $2.92 and $2.17 are the most important price levels to watch right now. The rebound from $2.17 suggests that the <\/span><a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-steadies-2-150\"><span style=\"font-weight: 400\">correction may be bottoming out<\/span><\/a><span style=\"font-weight: 400\">, with his analysis pointing to a transition into Wave B in the daily time frame.<\/span><\/p>\n<figure id=\"attachment_658291\" aria-describedby=\"caption-attachment-658291\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-658291\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP-Price-1.png?w=460&#038;resize=460%2C279\" alt=\"XRP Price\" width=\"460\" height=\"279\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP-Price-1.png?w=512 512w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/XRP-Price-1.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-658291\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<h2>What To Expect During Wave B<\/h2>\n<p><span style=\"font-weight: 400\">Speaking of Wave B, this analysis is based off of a three-corrective-wave pattern. This pattern, comprising three distinct phases, Waves A, B, and C, has played out repeatedly during XRP\u2019s price rally. Within this structure, Waves A and C represent downward trends, while Wave B reflects an upward move. If this corrective model were to repeat itself, the XRP price could <\/span><a href=\"https:\/\/ktsl888.com\/xrp-news\/xrp-under-the-microscope-will-it-break-2-9-key-support-levels-and-future-targets\/\"><span style=\"font-weight: 400\">experience a climb to $2.92, <\/span><\/a><span style=\"font-weight: 400\">corresponding to the 261.80% Fibonacci extension level, before another downward trend potentially leads it back to retest support at $2.13, the 161.80% Fibonacci extension level.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-to-100000-level\/\">Bitcoin Price To $100,000: Why Reclaiming The $96,400 Level Is Very Important For Another Rally<\/a><\/div>\n<p><span style=\"font-weight: 400\">As Dark Defender noted, it might take a couple of days to get rid of this structure. This means that the XRP price could continue to trade between these levels before any decisive move either upwards or downwards.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Recent market factors <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-closely-mirrors-the-penultimate-bull-market\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">suggest a break to the upside<\/span><\/a><span style=\"font-weight: 400\">, which would send the XRP price on a resumption of breaking into new multi-year highs. At the time of writing, the XRP price is trading at $2.37, having increased by 2.9% in the past 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">One factor contributing to this optimism is the <\/span><a href=\"https:\/\/bitcoinist.com\/trump-paul-atkins-as-sec-leader-crypto-policies\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">nomination of Paul Atkins<\/span><\/a><span style=\"font-weight: 400\"> by President-elect Donald Trump to lead the SEC. Atkins is widely regarded as crypto-friendly, and his potential leadership could mark the end of the longstanding SEC-Ripple legal feud. Such a resolution would likely invite significant institutional and retail inflows into the XRP ecosystem.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/6CJMpOUQ\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">Price struggles at $2.3 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Technical analysis of the XRP price has revealed the creation of corrective waves in light of the recent correction since December 3. Particularly, the cryptocurrency is now trading between crucial Fibonacci levels that could be correcting for a while longer. With the aid of these Fibonacci levels, crypto analyst Dark Defender shared insights on social media platform X, highlighting the $2.13 and $2.92 price ranges as pivotal for the XRP price.\u00a0 XRP Tests Fibonacci Levels Amid Market Correction According to the XRP chart below, which was first highlighted on social media platform X by crypto analyst Dark Defender, the XRP price rally earlier in the month saw it peaking around $2.92 on crypto exchange Binance, which also aligned with the 261.80% Fibonacci extension level. This impressive high, however, was short-lived as the token faced a correction that brought its price down to a support at $2.17. Notably, this support is also just above the 161.80% Fibonacci extension level at $2.13, which is now a critical point for the XRP price going forward. Related Reading: Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers With this in mind, Dark Defender noted that both $2.92 and $2.17 are the most important price levels to watch right now. The rebound from $2.17 suggests that the correction may be bottoming out, with his analysis pointing to a transition into Wave B in the daily time frame. What To Expect During Wave B Speaking of Wave B, this analysis is based off of a three-corrective-wave pattern. This pattern, comprising three distinct phases, Waves A, B, and C, has played out repeatedly during XRP\u2019s price rally. Within this structure, Waves A and C represent downward trends, while Wave B reflects an upward move. If this corrective model were to repeat itself, the XRP price could experience a climb to $2.92, corresponding to the 261.80% Fibonacci extension level, before another downward trend potentially leads it back to retest support at $2.13, the 161.80% Fibonacci extension level. Related Reading: Bitcoin Price To $100,000: Why Reclaiming The $96,400 Level Is Very Important For Another Rally As Dark Defender noted, it might take a couple of days to get rid of this structure. This means that the XRP price could continue to trade between these levels before any decisive move either upwards or downwards. Recent market factors suggest a break to the upside, which would send the XRP price on a resumption of breaking into new multi-year highs. At the time of writing, the XRP price is trading at $2.37, having increased by 2.9% in the past 24 hours.\u00a0 One factor contributing to this optimism is the nomination of Paul Atkins by President-elect Donald Trump to lead the SEC. Atkins is widely regarded as crypto-friendly, and his potential leadership could mark the end of the longstanding SEC-Ripple legal feud. Such a resolution would likely invite significant institutional and retail inflows into the XRP ecosystem. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":642993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-658290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What Happens When Wave 2 Begins?<\/title>\n<meta name=\"description\" content=\"Technical analysis of the XRP price has revealed the creation of corrective waves in 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