Dark Defender Says “Give Us that Break, XRP” As Price Nears Key Breakout Zone

Crypto analyst Dark Defender (@DefendDark) recently shared a chart showing XRP at a critical point on the daily timeframe. The chart shows a potential breakout, suggesting the next price move could be decisive. The chart shows XRP trading at $1.408, sitting near a convergence of a downward trendline and an upward support line.

These lines form a symmetrical triangle, and the digital asset has traded within this narrowing range since early February.

The yellow line marks the resistance from previous highs in late January, while the blue line tracks the rising support from recent lows after the decline in early February. XRP is at the apex of the triangle, highlighted in green on the chart. This suggests that the asset is nearing a breakout point.

Key Fibonacci Levels and RSI Shift

Dark Defender’s chart includes Fibonacci retracement levels. The 23.6% level at $1.2105 represents a recent low support, while the 85.4% level at $1.4746 aligns with resistance from earlier price peaks.

Above that, the 123.6% extension level sits at $1.6658. If XRP pushes past the current trendline resistance, these levels provide potential targets for upward movement.

The chart also displays the Relative Strength Index (RSI), which is currently at 45.75, crossing above the 40.11 moving average line. This move signals increasing bullish momentum. Dark Defender highlighted this area with a green circle, suggesting that buyers are gaining strength.

A continued RSI rise could support a move above the trendline, increasing the likelihood of XRP testing higher resistance levels before reaching the overbought range.

XRP: Possible Price Action

If XRP breaks above the intersecting trendlines, the first target is likely the 85.4% Fibonacci level at $1.4746. Sustained buying pressure could push the price toward $1.6658. The tight price range over recent days indicates that volatility has subsided temporarily, positioning XRP for a sharper move once the breakout occurs.

XRP is approaching a technical juncture that could define its next move. While Dark Defender does not provide direct price predictions, his focus on the technical setup implies anticipation for a decisive move.

Traders may watch the $1.408 area closely for confirmation. A clear breakout above the descending trendline would mark a significant shift in market behavior, with the RSI movement supporting the potential continuation of upward momentum.

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 advised to conduct thorough 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.

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