Dark Defender, a well-known crypto analyst and trader, has predicted a significant rally for XRP based on historical price movements and technical analysis. The Ichimoku Cloud indicator and RSI trends may confirm XRP’s bullish breakout. After reclaiming the critical support level of $0.40, the price of XRP is showing signs of a slow rebound. The token’s next important goal is to maintain its bullish foundation by staying above the $0.425 mark.
Dark Defender recently shared his technical analysis of the XRP price, suggesting the possibility of a major surge ahead. By analyzing previous price patterns, he predicts a similar upward rise. With recent gains and a bounce at the 23.60% Fibonacci support level of $0.3917, XRP is initially targeting resistance at $0.50.
According to Dark Defender, XRP is set for a breakout and bullish reversal. He shared a triangle pattern on the weekly chart, indicating targets at $1.88, $5.85, and $18.22. A breakout of the Ichimoku Cloud signal will further validate XRP’s strong bullish trend.
The RSI indicator is currently heading downward into the oversold zone, suggesting a decrease in selling pressure and the possibility of a bullish price reversal.
However, it’s worth noting that a previous report labeled XRP as a “cult memecoin” along with Cardano (ADA). Despite differing opinions, XRP has shown resilience in the market. As of now, XRP is trading around $0.4409, with a 1.62% increase in the last 24 hours.
In addition, pro-crypto attorney Billy Morgan recently acquired XRP for approximately $0.40, indicating growing confidence in XRP’s potential for a bullish breakout.
Overall, Dark Defender’s analysis and historical price movements point towards a significant rally for XRP. The indicators and trends suggest a bullish breakout, and recent developments further support the notion of a potential surge in XRP’s price.