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Analyst Spots XRP Exceptionally Bullish Candle, Tells XRP Holders to Relax and Ignore the FUD

Renowned crypto analyst Dark Defender (@DefendDark) has highlighted a promising development in XRP’s weekly performance, sharing a detailed analysis and a chart that points to strong bullish momentum.

His latest post on X emphasized that the weekly candle for XRP is nearing a close, which could position the asset for significant upward movement. He reassures followers to remain calm despite market uncertainties, stating, “Sit back, relax, and ignore the FUD.”

Ambitious Target For XRP

Dark Defender’s insights align with his previous predictions regarding XRP’s potential trajectory. He had previously predicted that XRP could reach $5.85 and supported this target with technical indicators.

His recent analysis draws on Fibonacci levels, with key markers indicating potential price points for XRP soon. Specifically, the chart highlights resistance at $2.60 (70.20%) which XRP has surpassed, $3.11 (23.60%) where the asset is currently consolidating, and an ambitious projection of $5.85 (261.8%).

The Ichimoku Cloud, a popular technical analysis tool featured in the chart, further reinforces the bullish sentiment. The cloud’s structure suggests that XRP has moved beyond critical resistance zones, paving the way for sustained upward momentum.

Dark Defender’s chart also tracks XRP’s recent history reclaiming $2.50, the performance that began in mid-November 2024 and culminated in a multi-year high of $3.39 on January 16.

Reinforcing the XRP $5.85 Target

Additionally, Dark Defender’s analysis appears to build on earlier projections. He previously predicted that XRP reclaiming $2.50 could drive a notable surge, and reclaiming this level helped push the digital asset to $3.39.

The recent weekly candle’s strong close is a significant indicator of XRP’s bullish outlook. As of now, XRP’s price movements are well-aligned with key technical targets. Analysts, including Dark Defender, view this as a confirmation of the token’s resilience and potential for growth.

Other analysts have also shared significant bullish predictions for the digital asset. EGRAG CRYPTO (@egragcrypto), another well-known crypto analyst, recently predicted that if XRP crossed the $4 threshold, the momentum could push it as high as $15 by March 10.

XRP’s weekly chart presents a compelling case for bullish momentum, supported by Dark Defender’s technical analysis. With major bullish signals on the chart, we could see a massive breakout in the immediate future.

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.

 

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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