According to market analyst Dark Defender, XRP needs to break a strong resistance point at $0.6649 in order to rally to new heights. Dark Defender's long-term structure for XRP targets price points at $1.88, $5.85, and $18.22, but the cryptocurrency must first breach the resistance at $0.6649. The analyst believes that the recent retracement to $0.3814 is the lowest level XRP will reach and that maintaining support above $0.3917 is important for its upward potential. While the weekly price chart currently signals bearishness, Dark Defender believes this could be a false signal due to a positive monthly trend. Breaking above the $0.6649 resistance could lead to significant price surges, with $1.88 as the next target. However, XRP must hold key support levels and break through resistance zones to reach higher targets.
- Content Editor ( thecryptobasic.com )
- 2024-10-28
Expert Identifies Critical Launchpad for XRP Rally to $1.88, $5.85 and $18.22