Analysts Reveal Path to Ripple (XRP) Achieving New All-Time High Around $5

Prominent crypto strategist Dark Defender offered an upbeat outlook on XRP after the asset ended September with a doji candlestick. He believes the benign close flags a retest of $0.66 soon, with bullish momentum building as key levels get cleared.

In his tweet analysis, Defender highlighted XRP breaking initial resistance around $0.55 as the first positive sign. That puts the focus on the next resistance level at $0.66, aligned with key weekly indicators.

Above there, Defender sees a clear path to challenge $1.33 next, powered by reclaiming the crucial weekly cloud metric. In an ultrabull case, he speculates new all-time highs near $5 could materialize after surpassing $1.88.

Independent analysis by altFINS largely supports the optimistic bias based on an emerging ascending triangle pattern. They also identify $0.55 as the key breakout trigger to signal upside continuation.

Like Defender, altFINS sees theoretical upside potential of $0.68 if XRP can convincingly breach the $0.55 resistance. Their pattern analysis does caution that the short-term uptrend remains counter to broader downtrends.

Source: altFINS – Start using it today

But with mixed momentum indicators, the analysts describe a neutral near-term outlook. This keeps open the possibility of bullish continuation from the constructive September close.

Traders may look to capitalize on rangebound action between current support and resistance levels identified around $0.45 and $0.55. A breakout could set the stage for more meaningful advances.

In-sync assessments from analysts like Defender and altFINS provide valuable perspective for anticipating moves. Both recommend watching $0.55 as the gateway to confirming XRP’s near-term recovery momentum.

Of course, execution risks abound in timing entries and exits if volatility spikes. But roadmaps outlining key levels and scenarios help traders approach recurring chart patterns with greater confidence.

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Rudolph Waltz
Rudolph Waltz

Journalist. 2 years working in a local newspaper in Karlsruhe, Germany. Now Rudolph is engaged in writing analytical articles for the cryptocurrency market. He creates an analysis of ICO-projects, conducts research, and does surveys on the crypto-market.