What is the height of the XRP price after Ripple’s victory?

After more than four years, the American Commission for Securities and Exchange interrupts its procedure for Ripple in the XRP trial. The announcement of the CEO Brad Garlinghouse on X—declaring “That’s all – the moment we were waiting for. The dry will abandon its appeal – a resounding victory for Ripple, for the crypto, all the ways you look at it. The future is brilliant. Build ” – has generated waves of optimism among XRP supporters.

Although lawyer Jeremy Hogan noted that Ripple can still take a range of actions, the consensus among market players is that this development dissipates a massive victory for Ripple. Hogan pointed out that he is not yet clear if Ripple agrees to drop the call. He added that there are 4 possibilities left:

A. Ripple continues his call and we get a decision of a court of appeal to find out if investment contracts require contracts, etc.
Born Ripple agrees to delete his appeal, jurisdiction returns to the court of first instance and the parties try to modify the judgment.
c. Ripple agrees to delete his appeal and the parties conclude an agreement between them without trying to modify the judgment.
d. Ripple simply pays $ 125 million and moves on.

What is the height of XRP?

In this context, the Crypto Dark Defender analyst (@DeFendDark) has common A daily XRP / USD graphic updated. According to him, XRP broke out above a descending trend line which extends over several weeks of commercial activity after the announcement.

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The breakthrough near the $ 2.47 area was surrounded in green and labeled as “a clear break” by Dark Defender, suggesting that market players are no longer confined by the descending trajectory which characterized a large part of the action of previous prices.

The graph also describes a number of Elliott waves aligned precisely with the levels of retrace and extension of Fibonacci. The graph illustrates a completed corrective phase and the early development of a new impulsive wave structure, supported by the decisive eruption a long -standing descendant line.

According to the analysis, the wave (1) is launched from the local hollow of $ 1.79 and culminated around $ 2.55, marking the first raised impulse. This was followed by the wave (2), which traced in the Fibonacci support area.

The retrace respected the level of 61.80% to $ 2,3073 and approached the level of 70.20% to $ 2,2249, indicating a technically sound corrective wave in the Elliott frame. These levels provided a solid base For buyerspreventing the decline more and signaling the potential completion of the wave (2).

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After the corrective phase, the graph projects the start of the wave (3), traditionally the strongest of the theory of Elliott waves. Fibonacci extension levels are traced to define the probable targets for this wave. The extension of 161.80% aligned with $ 3.94, serving as a critical target zone for Wave (3). In addition, the extension of 261.80% almost $ 3.78 also supports this area as a potential area where the bullish momentum could face temporary resistance or consolidation.

However, Dark Defender plans that XRP could increase even more in the region by $ 4.50. At the end of the wave (3), the graph suggests a corrective wave (4), which should respect the wider rise trend and fall into the region from $ 3.78 to $ 3.94.

Subsequently, the final impulsive wave (5) should extend at the Fibonacci level of 361.80% to $ 4.9274. This marks high potential in the current Elliott wave cycle by the analyst, with the Possibility of an increase greater than $ 6where the structure of the waves could peak.

At the time of the press, XRP exchanged $ 2.55.

Star image created with dall.e, tradingView.com graphic