Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
XRP Breakout Confirmed: Analyst Expects Short-Term Move Toward These Top Prices

XRP Breakout Confirmed: Analyst Expects Short-Term Move Toward These Top Prices

TimestabloidTimestabloid2025/01/13 16:00
By:By Tobi Loba

Renowned cryptocurrency analyst Dark Defender has shared a detailed technical analysis of XRP’s potential price trajectory, drawing on historical performance, Fibonacci retracements, and Elliott Wave structures.

In a tweet that captioned an insightful chart, Dark Defender outlined the possibility of XRP reaching significant price levels soon.

Confirmed Uptrend Breakout

In his analysis, Dark Defender highlights the recent breakout in XRP’s monthly chart. According to the chart, XRP has surpassed the confirmed uptrend breakout level, which signifies a potential bullish continuation.

The breakout level is marked as a critical resistance zone that has now become support, potentially paving the way for XRP’s upward movement.

Hi all. We discussed the Weekly Bull Flag on 9 December! $XRP on the monthly chart confirmed the Uptrend Break-out Level!

The Fibonacci levels align with our Elliott Wave structures and the historical performance we experienced in 2017.

XRP is expected to proceed towards… pic.twitter.com/PwE6Bjrm1L

— Dark Defender (@DefendDark) January 14, 2025

XRP Historical Performance and Fibonacci Levels

Dark Defender draws attention to XRP’s historical performance, specifically referencing the 1,022.71% price surge in 2017 . This historical data aligns with the Fibonacci levels highlighted in the analysis, suggesting that XRP may follow a similar pattern.

The chart outlines key Fibonacci extension levels as follows: 261.80% ($5.8563), 361.80% ($10.2252), and 461.80% ($18.2275). Dark Defender notes that these levels align with Elliott Wave structures, a technical analysis tool often used to predict market behavior by identifying repetitive wave patterns.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Short-Term Price Projections

Based on the chart and accompanying tweet, Dark Defender projects XRP’s price to move toward $10.2252 and  $18.2275 in the short term. While emphasizing that this is not financial advice, the analysis suggests a strong correlation between historical trends and current market behavior.

Implications for Investors

The chart underscores a strategic opportunity for investors, especially those tracking XRP’s long-term performance. Dark Defender’s analysis presents a structured and well-supported case for XRP’s potential price movement.

By integrating historical data, Fibonacci levels, and Elliott Wave theory, the projection suggests a bullish outlook for XRP in the coming months. Investors and enthusiasts are encouraged to monitor XRP’s price action while considering market conditions and personal risk tolerance.

As of the time of reporting, data obtained from CoinMarketCap indicates that XRP is trading at $3.3. This reflects a 6% increase in value within the last 24 hours, a 44% growth over the past week, and an 18% rise in the previous 30 days.

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

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin’s Next Major Top Projected for February 2026

The Pi Cycle Top Indicator signals a potential Bitcoin peak in February 2026, with a projected price of $258K per BTC.Understanding the Pi Cycle Top IndicatorWhat This Means for Investors

Coinomedia2025/02/21 18:11

M2 Global Liquidity Rises Again: Will Alts Follow

M2 global liquidity is rising again after peaking in Dec 2024. Will altcoins start catching up soon? Here's what to expect.Altcoins Lag Behind But May Soon Catch UpWhat to Expect Next?

Coinomedia2025/02/21 18:11

Bitcoin & The Everything Bubble: Why Smart Investors Are Buying

As the Everything Bubble crashes, Bitcoin is set for a fast recovery. Here’s why investors like Robert Kiyosaki are buying the dip.Why Bitcoin Will Recover FirstWhat’s Your Post-Crash Plan?

Coinomedia2025/02/21 18:11