The XRP price performed fairly well this week as the bulls successfully protected the strong support around $2.35-2.40 before pushing the price to $2.80 yesterday.
This upward movement largely coincided with Friday’s broader market rally. Crypto analyst ‘Dark Defender’, who has been consistently vocal about XRP throughout this bull run, shared another compelling chart and price prediction last night.
XRP Price Eyeing New ATH?
Looking at Dark Defender’s analysis, XRP/USD is currently testing a significant daily resistance trendline on the daily timeframe. The XRP price has been consolidating beneath this resistance level, with multiple attempts to break through. The analyst’s chart suggests a bullish breakout could be imminent, illustrated through carefully plotted directional indicators.
The analysis highlights several critical price levels to watch. The immediate resistance sits at $2.90, which needs to be cleared for further upside potential. Beyond that, the 261.8% Fibonacci extension level at $5.85 emerges as a major target, with $8.03 identified as an extended target should bullish momentum persist. On the downside, strong support zones are established at $2.44 and $2.33, with the Ichimoku cloud providing additional technical support below current prices.
It is excellent seeing the #XRP at $2.777,
— Dark Defender (@DefendDark) February 14, 2025
❤️on February 14th.
After eliminating the $2.90+ levels, XRP is expected to proceed to our critical Fibonacci level of $5.85.
RSI had the Golden Cross, which is Bullish
Short-Term Targets: $2.90, $5.85, $8.03
Supports: $2.44, $2.33… pic.twitter.com/vRlPAtzdnd
What’s also notable is the formation of a Golden Cross on the Relative Strength Index (RSI). This pattern, where the RSI line crosses above its moving average, traditionally signals building bullish momentum. The indicator is now recovering from a recent low, suggesting a potential trend reversal.
For context, XRP’s previous all-time high stands at approximately $3.84, achieved in January 2018. If the price manages to clear the $5.85 level as projected, XRP would enter uncharted territory in price discovery mode. The analyst’s technical setup suggests this scenario could materialize if the price successfully breaks above the daily resistance trendline and maintains momentum above key support levels.
Read also: Here’s Why XRP Could Flip Ethereum (ETH) Soon
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