Analyst Predicts Major XRP Price Breakout. Here’s the Target

Prominent crypto analyst Dark Defender (@DefendDark) has shared an optimistic outlook for XRP, suggesting that the cryptocurrency is poised for significant gains.

In a recent post on X, he emphasized key technical indicators that support a bullish scenario, including the recent formation of a Golden Cross on the Relative Strength Index (RSI).

The accompanying chart presents a structured view of XRP’s trajectory. The asset’s price peak of $2.86 from December 2024 aligns with a previous RSI peak. This pattern formed a brief dip before a massive rally in early January to a multi-year high of $3.39.

However, this scenario is slightly different, as the asset has also formed an RSI’s Golden Cross—where the shorter-term moving average crosses above the longer-term average.

This pattern is often a sign of renewed upward momentum, and Dark Defender points to short-term targets of $2.90, $5.85, and potentially $8.03. XRP is trading at $2.77, up almost 15% from last week, and steadily climbing toward the first target at $2.90.

Key Resistance and Support Levels

Dark Defender highlights the critical importance of overcoming the $2.90+ range, as doing so would clear the path toward the Fibonacci extension level of $5.85. Fibonacci extensions are commonly used in technical analysis to project potential price targets based on past movements.

In this case, the 261.80% Fibonacci level at $5.85 is a crucial milestone. The chart shows that the resistance trendline, which has previously capped price movements, is also being tested. If breached, it could confirm a breakout scenario.

The chart also indicates support levels at $2.44 and $2.33, where buying interest could provide stability in the event of short-term corrections. Bulls recently flooded the XRP market despite the price decline in early February, showing the asset is still in high demand and could resist bearish market pressure.

Bullish Expectations for XRP

Dark Defender’s bullish stance is not new. In previous analyses, he reiterated his confidence in XRP reaching $5.85 in the short term, with longer-term projections extending to $18.22. This perspective is supported by structural patterns observed in XRP’s price action, which suggest a breakout has already begun.

The current price movement aligns with his earlier expectations. With XRP attempting to push past resistance, the next few days could be critical in determining whether the bullish scenario materializes.

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.

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