Dark Defender (@DefendDark), a well-known cryptocurrency analyst, has shared a new technical analysis of XRP, suggesting a potential breakout. His latest post on X highlights key resistance levels, trend lines, and RSI movements that could shape the asset’s next move.
What do you see?$XRP Incoming. pic.twitter.com/fcMNXt38JB
— Dark Defender (@DefendDark) February 12, 2025
Technical Setup and Key Indicators
The chart shared by Dark Defender presents XRP’s price action in the 4-hour timeframe. It shows that XRP fell below a resistance trendline since its recent multi-year peak of $3.39. The recent decline in early February caused by tariff threats from the Trump administration further solidified this downturn.
The chart shows that XRP recently broke out of this triangle, forming a bullish crossover in its RSI. This move could bring a major shift in momentum if sustained. Supporting this potential breakout, the Ichimoku Cloud shows price movement into a bullish zone, clearing previous resistance.
XRP Potential Price Targets
Dark Defender did not provide specific targets on this chart, but he has previously outlined targets based on XRP’s technical structure. In a recent analysis, he reaffirmed his short-term projection of $5.85, with a longer-term outlook targeting $18.22. These targets are based on Fibonacci extensions and historical price behavior, suggesting a potential rally if key resistance levels are cleared.
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Additionally, in another analysis, he pointed to an RSI breakout as a critical development for XRP’s price action. He emphasized that RSI trends often precede major moves, and the latest crossover could signal the start of a significant uptrend.
Caution and Market Considerations
While Dark Defender’s analysis presents a bullish case, it is important to approach these projections with caution. Cryptocurrency markets are highly volatile, and technical patterns do not always happen as expected.
Some in the community shared their disappointment in XRP’s performance and lack of excitement for its future. However, many community members still believe that XRP can outperform expectations, with one commenter predicting a God Candle for the asset.
As XRP continues to test resistance zones, the market will watch closely to see if the breakout holds. The digital asset is trading at $2.44, up 2.14% over the past 24 hours. The next target could be a new all-time high if it can sustain momentum and break above the resistance trend line.
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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