Dark Defender, a widely followed crypto analyst on X, has highlighted XRP’s recent breakout, which has driven the price above the $3.24 resistance level.
In the tweet, he captioned a chart projecting a potential upward trajectory for XRP, suggesting that the $3 range could soon become a thing of the past.
The chart indicates a Fibonacci-based target of $5.85, aligning with his previous predictions. This target is at the Fib. 281% level and the next target after XRP’s recent breakout above a downward trendline.
$3 will be history forever. pic.twitter.com/TZhAjht28B
— Dark Defender (@DefendDark) January 20, 2025
The $3.24 And Potential Breakout
Dark Defender emphasized that the $3.24 resistance was being tested and was “expected to be broken in hours.” Unfortunately, the digital asset lost the support level some hours before President Donald Trump’s inauguration.
His analysis builds on previous insights, where he identified $5.85 as the next major price milestone. The market’s bullish sentiment is further supported by developments surrounding regulatory shifts. These put XRP in the right position for a big move.
XRP About To Leave Low Prices Forever
In his post, Dark Defender stated, “$3 will be history forever.” Many in the crypto space share this belief. Another well-known crypto influencer had previously remarked that XRP would never return to the $2 range, attributing this to the expected departure of SEC Chair Gary Gensler.
This prediction came shortly before a massive surge sent XRP above $3 for the first time since 2018, creating a new multi-year peak of $3.39.
Now that Gensler has resigned, the market is confident that XRP will never return to $2. If the asset follows Dark Defender’s prediction and rises to $5.85, that could also be the end of opportunities to buy XRP at the $3 level.
Is XRP About to Price Out Investors?
Dark Defender’s analysis aligns with other experts who have projected new all-time highs for XRP. XRP is one of the most closely-watched digital assets, and many prospective investors are looking to get in.
However, one prominent crypto CEO recently pointed out that buying into XRP is becoming increasingly expensive. It is already a difficult task for the average person to become a top 10% holder of XRP, and achieving this feat will get harder as the asset’s price grows over the next few weeks and months.
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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