A prominent market analyst has identified two important resistance levels XRP would have to breach above before it can reach its Wave 3 high.
Since October, XRP has struggled to hold $2 support, amid intense bearish pressure across the crypto market. These selloffs have persisted on the back of the Bank of Japan’s recent monetary policies as well as other global macroeconomic events.
Currently trading for $2.06, XRP has collapsed 30% since October, with a 4.04% drop this month putting it on track to record its third consecutive monthly loss. If this happens, it would mark the first time XRP witnesses three consecutive monthly losses since the FTX collapse in late 2022.
Two Critical Levels XRP Must Breach
According to Tara, her target for this Wave 3 top is the $2.73 price level, representing a 32% increase from the current price and aligning with the 1.618 Fibonacci extension. Notably, the last time XRP saw the $2.73 mark was early October, before the massive Oct. 10 crash that set the stage for the ongoing market downtrend.
XRP 4h Chart | TaraHowever, for XRP to recover toward the $2.73 high at the Wave 3 top, it must first break its initial local resistance at $2.18, which aligns with the 23.6% Fibonacci retracement
Beyond this, XRP needs to breach the second resistance mark at $2.30, represented by a stubborn horizontal line. Tara believes XRP has a chance to rebound toward $2.73 once it successfully progresses past these two resistance points.
Next Upward Targets
The market analyst confirmed that she has already mapped out targets for Wave 4 and Wave 5. However, she would likely adjust these targets slightly once XRP reaches the Wave 3 top, which may not land exactly at the $2.73 mark. “This is what I’m expecting to play out for the rest of 2025,” she concluded.
Meanwhile, data from Tara’s chart confirms further upside potential for XRP, but identifies another stubborn local resistance area at $2.8, similar in intensity to the $2.3 resistance. If XRP continues its rebound momentum and eventually breaches the $2.8 mark, it could have a chance at reaching the $3 price for the first time since Oct. 7.
XRP 1D Chart | Guy on the Earth
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