Dark Defender, a top Ripple analyst, has provided a detailed analysis of XRP’s price levels on X. His tweet highlighted crucial resistance points and potential price movements for XRP. This analysis comes at a time when XRP shows promising bullish trends.
Ladies & gentlemen, #XRP had the highly bullish Reversal approval for the Fisher Indicator weekly.Initial resistance instantly broke at $0.4623!Our interim Fibonacci Level, $0.5286, is being tested. It would be great to close this week's candle above $0.53.Next week, we… pic.twitter.com/lYR7QAdblB
— Dark Defender (@DefendDark) July 14, 2024
XRP Price Analysis
Dark Defender noted that XRP recently achieved a highly bullish reversal approval for the Fisher Indicator weekly. The initial resistance at $0.4623 was instantly broken. Currently, XRP is testing the interim Fibonacci level of $0.5286.
The analyst emphasized the importance of XRP closing the weekly candle above $0.53. He stated, “It would be great to close this week’s candle above $0.53.” This closure would confirm the bullish momentum and potentially set the stage for further gains.
Looking ahead, the next resistance level to watch is $0.6044. Breaking this level would indicate further bullish momentum. However, the critical level to monitor is $0.6649.
Dark Defender refers to the $0.6649 price point as the “master fundamental level” for XRP. He believes that breaking above this level could trigger a series of powerful price movements.
The analyst stated, “Above it, we can expect multiple God Candles, which will open the path to Heaven’s Stairway.”
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Current Market Data
Per Coingecko data at press time, XRP trades at $0.5303, with a daily trading volume of $1,497,192,223. This price represents a 0.41% increase in the past day and a 21.73% rise over the last seven days. These figures support Dark Defender’s bullish outlook and highlight the market interest in XRP.
Dark Defender’s analysis suggests that breaking through these resistance levels could result in substantial price movements for XRP. The term “God Candles” refers to large, rapid price increases that can propel the crypto to new heights.
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The post Ripple Analyst Identifies Key XRP Price Levels to Break Before ‘God Candles’ appeared first on CaptainAltcoin.
