Over the past month, XRP has become one of the fastest-growing cryptocurrencies, posting double-digit growth and setting a long-term target of over $1.
In a recent analysis, crypto analyst Dirk Defender outlined a clear roadmap for #XRP , predicting a path from the current price of around $0.6 to an ambitious $36 target.
The analyst believes that XRP's price movement is mainly driven by its technical structure rather than external factors such as the lawsuit between #Ripple and the U. S. Securities and Exchange Commission (SEC).
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Notably, XRP is currently trading near the key support level of $0.61, which has provided price stability recently. Dark Defender emphasizes that this support is important to maintain XRP's bullish momentum. If XRP manages to hold on to this level, the next immediate target will be $0.66; a break above $0.66 would not only signal short-term bullishness, but would also open the door to a higher price target. In Dark Defender's opinion, the current chart suggests that XRP is in wave 3.
the main resistance is at $0.66. A sustained move above this level could take XRP to the first intermediate target at USD 1.03. This level is especially important as it represents the threshold of the extreme bullish area of the Ishimoku cloud on the monthly chart. A move above USD 1.03 would indicate a strong bullish trend and could trigger a longer rally.
From here, XRP is expected to encounter resistance at USD 1.88, which corresponds to the 161.8 percent Fibonacci extension; exceeding USD 1.88 could open the door to the next major resistance at USD 5.85, which has historically been a major barrier to price movement.
Analysis shows that if XRP maintains its bullish momentum, it could reach the 361.80% Fibonacci level of $18.22 with an ultimate target of $ 36.76.
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