XRP Price Action continues Dominate the analyst’s debate Just as bullish tech setups point to potential breakouts. Popular Crypto analyst Dark Defender shares insights that reinforce this bullish sentiment, and the results point to the same conclusion, regardless of which technical framework trader is applied. XRP is ready to explode.
XRP prices were predicted to explode soon
I have a dark defender It has been declared XRP’s long-awaited “All roads lead to Rome” Cup and handle formation It is now approaching completion. On the weekly chart, XRP successfully carved the round cup section after several months of integration. Cryptocurrency completes the “handle” part of the pattern. Potentially strong breakouts.
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In addition to the cup and handle patterns, the Dark Defender is highlighted in his post on X social media Elliott Wave Analysis It coincides with this bullish theory. ABC correction Within the handle it suggests that the XRP may already have confirmed its retracement, placing itself higher for the next impulsive wave. Fibonacci’s retracement level further confirms this setup, with Price Action reportedly holding a 23.06% retracement at $2.85, establishing strong support for the next move.
The Dark Defender highlighted that The next major targets in XRP It’s also $5.85, which corresponds to a 261.8% Fibonacci expansion level. According to analysts, the convergence of multiple technical methods, including cup patterns, historical patterns, and Elliott’s waves, all confirm the same bullish outcome of XRP.
Bull flag scenario is repeated
Another important factor that adds to bullish emotions is the possible repetition of XRP Bull flag formation It has historically preceded breakouts. In a new analysis of X, Dark Defender reference The scenario began in November 2024, when XRP was trading for $1.13. At the time, analysts were expecting a move to $2.40 based on the bull flag setup. That pattern has managed to make cryptocurrency prices rise exactly as expected.
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Currently, XRP appears to be set up for repetitive performance. In the current weekly chart, Cryptocurrency is integrated Inside another bull flag following a sharp upward leg. The flag is chopped just above the $3 mark, with immediate support levels of $3 and $2.85. Dark Defender has shown that it is important to maintain these levels. A strong continuation Potentially set the stage with the next breakout pattern.
Based on the analysis, the upward target for forming this bull flag is considerable. The Fibonacci extension is identifying XRP’s next bullish target in its final move to $3.35 (70.2%), $4.39 (161.8%) and $5.85 (261.8%). Dark Defender emphasizes that this recurring pattern is a clear signal that XRP is preparing for the next major bullish phase, just like it did in late 2024.
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