Dark Defender (@DefendDark), a well-known crypto analyst, recently shared an analysis of XRP’s price action. The digital asset is currently trading at $2.48, after a rebound from the support around $2.33, the last Fibonacci retracement level in the four-hour chart. This level is significant because Dark Defender highlighted it as a potential turning point for a bullish recovery. With the asset resurging, Dark Defender’s analysis can provide insight into its short-term trajectory. His analysis shows that the asset might experience a rebound toward the $2.70 and $2.99 targets. Failure to maintain the $2.33 level would have forced a retest of $1.99, but the 7.05% climb over the past 24 hours has put it well above the support levels. Hi all, $XRP is trying to hold $2.33 at the last Fibonacci level. The RSI on the 4-h Time frame has not yet returned Bullish, but we can expect this reversal with some sagging here. Supports are $2.33, $1.99 Targets: $2.70, $2.99 pic.twitter.com/gmUMfC5PAf — Dark Defender (@DefendDark) February 6, 2025 XRP’s Recent Performance and RSI Resistance The market downturn was caused by concerns over tariff threats made by U.S. President Donald Trump against Mexico and Canada. Despite this uncertainty, the market is recovering, as traders return with renewed confidence for the crypto market’s future. Dark Defender’s chart also includes an analysis of the Relative Strength Index (RSI), which provides further insight into XRP’s current momentum. At the time of his analysis, the RSI had not yet turned fully bullish, indicating that a reversal was uncertain. Although the asset is climbing now, its RSI standing at 39.99 firmly in the neutral zone. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 One important aspect of the RSI is the resistance trendline, which has prevented previous recovery attempts. A breakout above this trendline would signal renewed strength, supporting the case for an upward move toward the projected price targets. XRP’s RSI is still below this level. If it fails to break through the resistance, the cryptocurrency could struggle to sustain momentum, increasing the likelihood of another test of support levels. Price Targets and Potential Scenarios Based on Fibonacci levels and market structure, the analyst has outlined two potential short-term price targets. The first is $2.70, representing an initial resistance level that would indicate a successful bounce from the last Fibonacci retracement. A recent Cointelegraph report highlighted $2.70 as a crucial level XRP must surpass to confirm its price surge. This could lead it toward $2.99, the second target outlined by Dark Defender. If XRP can push past these levels, further gains may become possible. Despite the current market challenges, Dark Defender remains optimistic about XRP’s long-term trajectory. In previous forecasts, he has pointed to potential price targets of $5.85 in the short term and $18.22 in the long term , suggesting a historic rally is coming for XRP. 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 Twitter , Facebook , Telegram , and Google News The post Top Analyst States XRP Price Targets Following RSI Breakout appeared first on Times Tabloid .
