XRP Is Flirting With $3. Quick Take On Looming Price Breakout

Crypto analyst Dark Defender (@DefendDark) has highlighted a critical price movement for XRP, forecasting a potential move towards $3. In a post on X, the analyst shared a detailed chart indicating that XRP is expected to reach $2.77 before breaking higher.

According to Dark Defender, the $2.77 level represents a key resistance XRP must surpass before testing $3. The chart identifies the 38.2% Fibonacci retracement level at approximately $2.7740, which aligns with the expected short-term resistance.

The asset is trading at $2.7 and has spent time consolidating around this level. Reaching $2.77 and breaking above it would reinforce bullish momentum, potentially leading to further gains.

Technical Indicators and Market Structure

The chart shows XRP’s price action on the weekly timeframe, indicating a strong uptrend supported by an ascending trendline. Price movements have consistently respected this trendline, providing a foundation for continued growth.

Recent price action shows buyers stepped in after the retracement in January, confirming market interest at current levels. If the bulls regain control, they can help push the asset further.

Fibonacci retracement levels are prominently featured in the analysis. The 23.6% level is $2.9980, indicating a possible intermediate target before XRP attempts to reclaim $3. Meanwhile, the 61.8% retracement level at $2.4467 is a key support zone if a correction occurs.

XRP’s Next Moves

Dark Defender has emphasized that reclaiming critical resistance zones is essential for XRP’s continued bullish trajectory. The analyst reveals that a move toward $3 could occur within hours after testing the $2.77 level.

Earlier predictions from the same analyst have maintained a bullish stance on XRP, pointing to similar patterns in past movements. A few days ago, he drew attention to the importance of the $2.77 level, and the asset is now creeping closer to this level, attempting to make that run for $3.

While Dark Defender did not provide a specific target above $3, his recent analysis shows that the digital asset can make a run for $8 soon, breaching its all-time high of $3.84, and confirming the bullish expectations of the XRP army. As XRP approaches the anticipated breakout levels, the market’s response will determine whether the bullish outlook 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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