XRP must break $1.56 for next rally, analyst Dark Defender says

Crypto trader Dark Defender has outlined a critical technical scenario for XRP, identifying $1.56 as the decisive level for the start of the next major rally. In a recent X post, the analyst suggested that a move above this threshold could set off the most significant Elliott Wave for XRP to date. XRP surged to $1.68 in late August before it began a corrective move that has followed an ABC pattern on the daily chart. Wave A marked the initial decline, followed by a short-term recovery during Wave B, and then a further drop in Wave C that brought the price down to the $1.31 range. The structure appears to have bottomed near $0.9852.

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