Cryptocurrency analyst Dark Defender (@DefendDark) has recently shared a new technical analysis of XRP, suggesting the digital asset could be on the verge of a breakout. In his latest post on X, he highlighted key resistance levels, trend lines, and RSI movements that may shape XRP’s next move.
What do you see?$XRP Incoming. pic.twitter.com/fcMNXt38JB
— Dark Defender (@DefendDark) February 12, 2025
XRP’s Price Action and Technical Indicators
The chart shared by Dark Defender focuses on XRP’s price action in the 4-hour timeframe. After reaching a multi-year peak of $3.39, XRP experienced a decline, particularly triggered by tariff threats from the Trump administration in early February. This fall caused the asset to dip below a critical resistance trendline, signaling a downturn.
However, recent price action has sparked optimism. XRP recently broke out of a descending triangle pattern, accompanied by a bullish crossover in the Relative Strength Index (RSI). This technical shift suggests a potential reversal, signaling a shift in market momentum. Furthermore, the Ichimoku Cloud analysis shows XRP entering a bullish zone, clearing previous resistance levels, which could further fuel a price rally.
XRP’s Potential Price Targets
While Dark Defender did not provide specific price targets in his latest post, his previous analysis suggests that XRP could reach $5.85 in the short term, with a longer-term projection of $18.22. These targets are derived from Fibonacci extensions and historical price movements, emphasizing the potential for significant price action if XRP clears key resistance zones.
In an earlier analysis, Dark Defender highlighted the importance of the RSI breakout, noting that RSI trends often precede major price movements. This recent bullish crossover could signal the beginning of a substantial uptrend.
Caution and Market Sentiment
Despite the bullish outlook, cryptocurrency markets remain volatile, and technical patterns are not always guaranteed to play out as expected. Some in the XRP community have expressed disappointment over its performance, while others remain hopeful, with one commenter even predicting a “God Candle” for XRP.
Also Read: XRP Price Prediction: Will It Reach $10 or Will Remittix Surpass It in 2025?
As XRP tests resistance levels, market observers are watching closely to see if the breakout holds. Currently trading at $2.44, up 2.14% in the last 24 hours, XRP’s future price action will depend on its ability to maintain momentum and clear resistance. A sustained breakout could see XRP reach new all-time highs.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
