XRP Traders Warned: Sideways Phase Precedes Major Price Movement

Market analyst Dark Defender has identified a critical point in the XRP cycle, where the cryptocurrency is trading sideways within a tight range. This phase can be challenging for traders, as they often focus on predicting direction rather than timing.

Dark Defender notes that during this consolidation period, major price movements typically follow extended periods of stagnation. However, these moves usually occur only after market participants lose patience and begin to exit the market.

The analyst emphasizes the importance of staying patient and disciplined during this phase, as it can precede a sharp price move. According to Dark Defender, XRP may have completed the final wave of a five-wave Elliott Wave structure, which could drive the price toward $8. However, this outlook remains uncertain given the market's current indecision.