Crypto analyst Dark Defender has shared an optimistic price analysis for XRP, indicating a potential breakout from a bullish rectangle formation. He detailed a chart in a tweet, noting that XRP is attempting to claim the $2.7740 level.
According to the analyst, if XRP claims this level, the next key milestone would be $3. Additionally, he suggested that breaking out of the current trading channel could pave the way for XRP to reach double-digit price levels.
Hello all. #XRP is trying to claim the $2.7740 level. If successful, then $3 will be in play.
Breaking this channel heralds 2 Digits levels first!
Enjoy your Sunday! #XRPCommunity #XRPArmy , #Ripple pic.twitter.com/n3r7F5Nfst
— Dark Defender (@DefendDark) February 16, 2025
Technical Analysis
The chart provided by Dark Defender illustrates a bullish rectangle formation, a continuation pattern that often signals an impending breakout to the upside. The formation consists of an upper resistance level and a lower support level, with price movements oscillating within these boundaries.
The Ichimoku Cloud indicator on the chart suggests that XRP has been trading above key support levels, reinforcing the bullish sentiment.
A strong upward move could follow if XRP successfully breaks out of this rectangle formation. The target levels highlighted by Dark Defender suggest that once XRP surpasses $3, it may enter a new price discovery phase, potentially leading to higher valuations.
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Market Sentiment
The crypto community responded enthusiastically to Dark Defender’s analysis. X user XRBerry expressed confidence, stating , “The charts are lining up, momentum is building, and the #XRPArmy is ready for liftoff. Strap in, because the real fireworks are just getting started!”
Similarly, another user, Pump Fun Alerts, encouraged XRP holders to stay optimistic, commenting , “Keep the faith! If XRP breaks that level, it could be a game-changer for the community. Exciting times ahead!”
These responses indicate strong bullish sentiment among traders and investors, reinforcing the idea that XRP’s price action could be approaching a decisive moment.
Key Levels to Watch
XRP is currently testing the key resistance level of $2.7740, and a successful breakout could pave the way for further upward movement. Beyond that, $3.00 is a significant psychological barrier; surpassing it could boost market confidence and drive buying pressure.
According to Dark Defender, breaking out of the current trading channel could eventually push XRP into the double-digit price range, though the timeline remains uncertain.
As XRP continues to test key resistance levels, the coming days will be critical in determining whether it can achieve the breakout analysts and investors anticipate.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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