XRP breaks through key resistance, signaling renewed bullish momentum.
🔴Analyst Dark Defender targets $5.85 and $8.76 as near-term price levels.
🔴Key support zones identified for potential retracement, including $2.29 and $2.02.
XRP broke out on the 4-hour chart after two weeks of consolidation. Technical analyst Dark Defender has analysed and updated data to confirm this as a bullish momentum.
The breakout occurred as XRP broke through a key descending trendline that had suppressed its price since it touched $2.87 on December 4. The latest move is further supported by a bullish signal on the Ichimoku Cloud and an RSI Golden Cross, which indicates growing buying strength.
🔴XRP Price Targets After Breakout Confirmation
According to Dark Defender, XRP’s next step is securing a daily close above $2.52 for further confirmation. If this happens, the token’s price will likely head for $2.72 in the near term, with longer-term targets of $5.85 and $8.76.
As of this writing, some of these conditions have been met. XRP traded at $2.72 today after a 15% price jump. It is now at $2.69. With this level reached, XRP could head for $5.85 next, according to Dark …
