XRP Bulls Target $1.88 Resistance Amid Rising Leverage

XRP has rebounded significantly since its low in recent weeks, with prices reaching as high as $1.6995 for a 41.69% gain.

Market commentator Dark Defender notes that XRP's current Elliott Wave structure can be traced back to 2023, when he first mapped a target near $0.90.

The analyst sees a critical Fibonacci support level at $0.9327, which remains intact after the recent low of $0.9852.

A monthly close below $0.9327 would invalidate the setup, according to Dark Defender.

If XRP breaks above $1.88, it could shift focus toward the $5.8563 Fibonacci extension, with a target range of $5.85-$9 for long-term gains.