đđ An explosion for XRP in sight? đđ
Cryptocurrency Analyst Announces Series of 'God Candles' for XRP, Could Crypto Reach Unimaginable Highs?
Breaking Resistances Could Trigger Divine Candles
In a post on X (formerly Twitter) on June 14, the crypto analyst known as "Dark Defender" shared a detailed analysis of technical indicators and resistance levels that could herald a dramatic uptrend for It reveals that XRP has seen a significant bullish reversal on the Fisher indicator on the weekly chart.
The Fisher indicator is a versatile technical tool used to identify trend reversals and highlight extreme price movements. According to this indicator, Dark Defender revealed that the altcoin broke an initial resistance at $0.04623, demonstrating strength and momentum in the cryptocurrency's price movement.
Sharing a chart of XRP's movements, the crypto analyst revealed that the altcoin's price is currently testing interim Fibonacci levels at $0.5286. It expresses bullish optimism regarding XRP closing above the weekly candle around the $0.53 price level.
Dark Defender also highlighted the next significant resistance level for XRP price. The analyst expects XRP to test the secondary intermediate resistance points at $0.6044, as crossing this level would be a positive signal for stronger bullish momentum for XRP.
Interestingly, Dark Defender expects XRP to trigger divine candles if it manages to break through all the mentioned resistances. It highlighted another key support level at $0.6649, calling it a master fundamental level. The crypto analyst indicated that it is crucial not to underestimate this level, signaling the potential for a strong bullish surge for XRP if it exceeds this key threshold.
The analyst predicted several divine candles indicating sharp price increases for XRP, potentially opening a path to the âStairs to Heaven.â
Updated XRP Price Analysis
Despite recent legal challenges with the United States Securities and Exchange Commission (SEC) and the broader market bearish trend, XRP is showing strong bullish signals and healthy price fundamentals. At one point this year, the cryptocurrency dipped below the $0.5 threshold, experiencing unexpected price drops.
However, recently the altcoin has been on an upswing, recording several bullish surges that have pushed its price up to its current value of $0.538. According to CoinMarketCap data,
The cryptocurrency has performed well despite market volatility. Its recent gains have also positioned it at a critical point where its price could potentially surpass the $0.6 threshold. Additionally, with the Ripple vs. With SEC nearing its conclusion and settlement in sight, XRP is poised to overcome bearish sentiment fueled by regulatory concerns.
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