Analyst Dark Defender predicts a bullish rally for XRP, citing a breakout on the weekly chart.
XRP faces strong resistance at $0.57, a breakout could lead to $0.62 and a rejection would stabilize the $0.57-0.47 level.
The next key resistance targets for #XRP are $0.6044 and $0.6649, which could lead to a significant rise.
the #Ripple native #token , XRP, is back in the spotlight, having risen by 25% over the past week: after falling to $0.3911 in July, XRP is now trading above $0.53, showing a strong recovery in a volatile market. However, renowned crypto analyst Dark Defender predicts a bullish rally for XRP, citing a breakout of the bullish pattern seen on the weekly chart.
Analyzing XRP's recent performance, crypto analyst Dark Defender believes that XRP is showing promising signs of a strong uptrend. This positive outlook is based on the weekly chart of the Fisher indicator, which recently confirmed a bullish reversal.
Ladies and gentlemen, #XRP has confirmed a bullish reversal on the weekly chart of the Fisher indicator.
the initial resistance was immediately broken at $0.4623! \\The intermediate Fibonacci level at $0.5286 is now being tested, and it would be great if we could close this week's candle above $0.53. Having broken the initial resistance at $0.4623, XRP is now ready to test higher resistance levels. Meanwhile, analysts are particularly interested to see if XRP can maintain its momentum and close above the key $0.53 level by the weekend.
Now XRP is testing the intermediate Fibonacci level of $0.5286. A weekly candle closing above $0.53 will please traders and investors, which means that the bullish trend is likely to continue.
What's next for the XRP price?
Ripple is showing a strong uptrend, caused by the growing interest in the $0.50 level. This rise pushed XRP above $BTC the next important target is the second medium-term resistance level at $ 0.
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