XRP's Consolidation Phase May Spark 350% Rally

XRP, a popular cryptocurrency, is currently experiencing a period of consolidation, with its price fluctuating between $1.21 and $1.55. This phase, known as the "final consolidation" stage, is being closely monitored by analysts who believe that a significant breakout could be imminent.

Technical analysts are particularly focused on a five-wave structure that has been forming on XRP’s chart. According to the Elliott Wave theory, XRP has completed the first four waves and is now poised to enter the fifth wave, which is often the most explosive. If this pattern holds, XRP could see a dramatic rally to $5.65 or even $6.60, provided it maintains its current support levels.

However, there is a potential danger zone. If XRP’s price drops below $1.21, it could damage the bullish structure and trigger a deeper pullback, possibly as low as 88 cents or 61 cents. Despite this risk, most market watchers believe that such a breakdown is unlikely given the broader bullish context in the crypto market.

In the short term, the key decision zone for XRP is between $1.82 and $2.13. If XRP can hold above $1.82 and break past $2.13, it could escalate quickly. The next key targets would be $2.46, followed by resistance levels between $2.22 and $2.30. If these levels are convincingly broken, the next major destination could be between $3.75 and $5.85.

Crypto analyst Dark Defender has described this sideways movement as a necessary cooldown for XRP, preparing it for a sprint toward higher levels. The current setup feels like a moment of pause before something big, with XRP’s steady consolidation attracting serious attention from investors.

If XRP can maintain its current structure, the bullish targets are not just hopeful speculation—they are technical possibilities. The $1.21 level is holding, the five-wave structure is in place, and the resistance points are clear. Now, it is a waiting game, but perhaps not for long.

If XRP breaks out of this range in the coming days, it could mark the beginning of a powerful rally, potentially taking XRP to $5 and beyond. This would be a significant milestone for holders who have remained faithful through the long wait.