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 …
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