Popular crypto analyst Dark Defender (@DefendDark) has highlighted a potential XRP breakout scenario that could materialize in the coming days. The analyst shared a chart on X showing the digital asset nearing a long-term daily resistance level, which has consistently rejected previous upward movements.
According to his post, XRP could attempt a move toward $2.12 to $2.2 shortly as it continues to progress within the fourth wave of its current Elliott Wave structure.
#Hi all! I hope you all are well. #XRP is close to a daily resistance, so that we can expect a bounce.
This resistance will be eliminated in a couple of days.
Keys;
Resistances: $2.22, $2.55
Supports: $1.88, $2.04
Targets: $2.85, $5.85Enjoy! pic.twitter.com/IBp7kzHl0v
— Dark Defender (@DefendDark) April 13, 2025
Technical Structure and Key Price Levels
The chart shows XRP forming multiple consistent RSI dips over recent months, which corresponds to price bottoms. The most recent dip fell below support at $1.8815, which marks the 161.8% Fibonacci extension level.
However, the asset’s price did not stay down, trading near $2.2199 at the time of Dark Defender’s analysis. The asset is now trading at $2.11 after another dip below the $2.2 resistance level. Despite the dip, the asset has remained above the $2.04 resistance, suggesting a rebound could come soon.
The technical setup indicates that a breakthrough above the descending trendline, which has acted as resistance since late 2023, could initiate a significant rally. Adding to the $2.22 resistance, Dark Defender highlighted $2.55 as a crucial resistance level to watch.
The chart illustrates a potential path where, upon clearing this zone, XRP could surge rapidly toward $2.85 and potentially $5.85 over time. Notably, Dark Defender has continuously reiterated the $5.85 target and believes the asset will soon rise to this new all-time high.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
RSI Behavior and Elliott Wave Pattern
The RSI indicator has been highlighted as a key factor, with Dark Defender marking a series of consistent dips in RSI followed by price rebounds. This pattern adds credibility to the latest price bounce and suggests renewed momentum building as the market approaches this key technical point.
The analysis also suggests XRP is still within wave 4 of its broader Elliott Wave count, meaning further upside could follow if the wave structure completes as expected. On the chart, Dark Defender advised followers to monitor the $2.222 level closely, adding that the next moves would depend on how XRP behaves around this resistance.
XRP’s ability to close above the trendline and confirm strength above $2.222 will likely determine its short-term direction. While the asset has failed to rise with positive news developments, a daily close beyond the outlined level would challenge the longer-term downtrend and potentially shift market sentiment, paving the way toward higher targets identified by Dark Defender.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
