XRP is in the news again, as the asset is at a pivotal level preceding a breakout. Crypto analyst Dark Defender (@DefendDark) recently shared his latest technical outlook on the asset, highlighting the significance of the current resistance and the potential for a breakout if it can rise above key levels. His analysis, supported by a detailed price chart, indicates that price action and relative strength index (RSI) patterns favor a bullish continuation. Hi all. #XRP reached another decision point where $2.6052 plays a crucial role. Above this level and significantly above $2.77, the 2nd leg of the bullish weekly structure is expected to continue. RSI and price have higher lows, so we can expect a positive break. The key is to… pic.twitter.com/WDdgHPpGD6 — Dark Defender (@DefendDark) February 23, 2025 Price Action and RSI Convergence The chart accompanying Dark Defender’s post illustrates a descending trendline that has limited XRP’s upside for an extended period. However, the asset’s decline in early February began a symmetrical triangle formation, and its price has consistently formed higher lows since then, signaling growing bullish pressure. This asset is approaching a decision point where price action must break above resistance or risk retracement. Dark Defender identified the $2.6052 as crucial to kickstart the next rally. Following that, climbing above $2.77 would confirm the bullish structure, and lead to further gains. A closer look at the RSI reveals a similar trend. The RSI has been forming higher lows despite a downward trendline. This pattern suggests that momentum is building for a potential upside move. The resistance trendline on the RSI chart mirrors the price action, reinforcing the likelihood of a breakout if the RSI and price breach their respective resistance levels. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Key Levels to Watch Dark Defender emphasizes that maintaining price action above $2.60 is essential for confirming a bullish move. Should XRP hold above this level, the next significant resistance is at $2.85. Beyond that, the analyst identifies $5.85 as a major long-term target, aligning with the broader bullish structure that has been developing. Dark Defender has often drawn attention to the $5.85 target. Sustained momentum following the expected breakout above $2.77 would push the asset to this target. At press time, XRP traded at $2.45, after a 3.91% decline from the previous day. On the downside, $2.33 serves as the nearest key support level, providing a reference point in case of a short-term pullback. However, a pullback is unlikely, as other recent projections suggest XRP is approaching a major upward price move. Dark Defender has consistently maintained a bullish outlook. It has previously stated that XRP is flirting with $3 and reinforced the idea that the asset remains positioned for a breakout in the coming weeks. 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. Follow us on X , Facebook , Telegram , and Google News The post Analyst Says XRP Has Reached Another Decision Point, States Key Resistance Levels appeared first on Times Tabloid .
