Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
XRP XRP breaks through key resistance levels, Dark Defender believes that the upward trend has begun.
Well-known cryptocurrency analyst Dark Defender pointed out that after XRP completed its breakthrough on the 8-hour chart, it has stood on an important technical resistance line. The analyst closely follows the dynamics of the digital asset market through his X (formerly Twitter) account. The views he shared show that the token has completed the first four waves of the five-wave structure and is currently in the fifth wave stage, provided that it can remain above $1.13.
Breakout signal suggests trend shift
The latest chart analysis shows that XRP has broken through a downtrend line that has suppressed its prices since early June. This trend is consistent with the structure proposed by Dark Defender, and this breakthrough may mark the beginning of a new upward phase.
From chart details, XRP is currently trading on the Ichimoku Cloud and is currently trading at $1.1342, which is very close to the $1.13 support pointed out by Dark Defender. If XRP can hold on to this level, momentum could push it towards higher goals, especially in the $1.22 area associated with the expected fifth wave.
The Fibonacci extension has also been marked, with the 161.80% extension near US$1.109 and the 361.80% extension pointing to US$1.2265. These technical indicators support the view that prices are expected to rise further if current trends continue.
Small Dictionary: Ichimoku Kinko Hyo is a technical analysis indicator that defines support, resistance, trend direction, and momentum in a chart overlay.
Technical Price Overview
Current Support Level: US$1.13
Fibonacci 161.80% Expansion Level: US$1.109
Target Level (Fibonacci 361.80% extended level): US$1.2265
RSI highlights a momentum shift
XRP's Relative Strength Index (RSI) has risen to approximately 63.9 and exceeded its moving average (around 51.3). This trend comes after the RSI recovered from its historical low in June, indicating that bullish sentiment is strengthening, although the RSI is still below the overbought threshold of 70.
Dark Defender pointed out in its analysis that the bullish crossing on the RSI on the weekly chart is consistent with the expected start time of the fifth wave. The indicator continues to show that buyer momentum still exists and that as long as trend conditions remain stable, there is still room for further growth in the market outlook.
Dark Defender highlighted the recent bullish crossing of RSI on the weekly chart and emphasized: "The fifth wave is officially open. The road to double digits, XRP Corps!" He identified $1.13 as the key support level needed for the next round of gains.
XRP's next technical target
If it continues to trade above US$1.13, it will confirm the bullish technical structure proposed by Dark Defender. If this condition is maintained, it is expected to push XRP towards its target of $1.22, which is consistent with the Fibonacci extended highs reflected in analyst forecasts.
The analysis comes as traders are closely watching whether XRP can consolidate new gains after a long period of suppression. If the bullish signal remains unchanged, a rise to $1.22 would signal a significant recovery and bring the token closer to a multi-month high.
