Weekly XRP Heikin Ashi Chart: Here’s Why This Analyst Says Lives Will Change Forever

Dark Defender (@DefendDark), a well-known crypto analyst, has presented a bullish outlook for XRP in a recent chart shared on X.

The weekly Heikin Ashi chart highlights a strong uptrend, with a bull flag pattern suggesting further gains. The analyst captioned the post with “Lives will change, forever,” reinforcing the optimism surrounding XRP’s future price action.

A Heikin Ashi chart is a candlestick chart that smooths price data to highlight trends more clearly by averaging open, close, high, and low prices. It helps filter out market noise and makes trends easier to identify.

The chart shows XRP experiencing a sharp upward movement before consolidating in a tightening range. According to technical analysis, this formation often precedes another significant breakout. The presence of a bull flag is a strong signal that the market may see continued momentum, potentially pushing XRP to new highs.

Is XRP Targeting a New All-time High?

At the time of the analysis, XRP was trading around the $2.50–$2.70 range. The chart suggests that XRP could target significantly higher price levels if the breakout occurs as anticipated. Dark Defender’s projection aligns with other recent analyses of potential resistance near $3.

In a recent analysis, the analyst noted that XRP is flirting with $3, indicating the importance of this psychological barrier, and his confidence that the digital asset will soon surpass this level.

Historical price action further supports this perspective. A bull flag from mid-December contributed significantly to XRP’s subsequent rise to a multi-year high of $3.39 in January. If the current pattern continues to play out, traders may see an acceleration toward higher price targets.

Dark Defender also recently drew attention to the digital asset’s movement, repeating its November performance that kick-started a historic run to its multi-year high. Dark Defender’s analysis suggests that repeating this pattern could send the digital asset above $8—213.7% higher than its current price of $2.55.

While XRP remains subject to broader market conditions, the chart analysis provided by Dark Defender suggests that the asset is on the verge of a significant move. He did not outline a specific target for this current bull flag formation, but the upward arrow on the chart suggests the asset could surpass $8, reinforcing his previous target.

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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