Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The XRP price action continues to dominate analysts’ discussionsas bullish technical setups point toward a potential breakout. Popular crypto analyst Dark Defender has shared insights that reinforce this bullish sentiment, noting that regardless of which technical framework traders apply, the outcome points to the same conclusion: XRP is poised to explode. XRP Price Predicted To Explode Soon
Dark Defender has declaredthat “all roads lead to Rome” as XRP’s long-awaited Cup and Handle formationis now nearing completion. On the weekly chart, XRP successfully carved out a rounded cup portion after months of consolidation. The cryptocurrency is finishing the “handle” portion of the pattern, a final corrective move before a potentially powerful breakout. Related Reading Analyst Says It Doesn’t Matter What Analysis You Use, XRP Price Is Set To Explode 6 hours ago
In addition to the Cup and Handle pattern, Dark Defender highlighted in his post on X social media that Elliott Wave analysisaligns with this bullish theory. The ABC correctionwithin the handle suggests that XRP may have already finalized its retracement, now positioning itself higher for the next impulsive wave. Fibonacci retracement levels further confirm this setup, with price action reportedly holding firmly above the 23.06% retracement at $2.85 and establishing strong support for the next move. Source: Chart from Dark Defender on X
Dark Defender emphasized that the next major target for XRPcould be as high as $5.85, corresponding with the 261.8% Fibonacci Extension level. According to the analyst, the convergence of multiple technical methods—whether through the Cup pattern, historical patterns, or Elliott Wave—all confirm the same bullish outcome for XRP. Bull Flag Scenario Repeats
Another critical factor adding to the bullish sentiment is XRP’s possible repeat of a Bull Flag formationthat has historically preceded breakouts. In a new analysis on X, Dark Defender referenceda scenario from November 2024, when XRP was trading at $1.13. At the time, the analyst anticipated a move toward $2.40 based on a Bull Flag setup. That pattern played out successfully, with the cryptocurrency’s price rallying exactly as predicted. Related Reading Key Levels To Watch In Light Of XRP’s Macro Future 6 days ago
Now, XRP appears to be setting up for a repeat performance. On the current weekly chart, the cryptocurrency is consolidatingwithin another Bull Flag following a sharp upward leg. The flag is tightening just above the $3 mark, with immediate support levels at $3 and $2.85. Dark Defender indicated that holding these levels is critical, as it could validate the bullish continuationpattern and potentially set the stage for the next breakout.
Based on the analysis, the upside targets of this Bull Flag formation are substantial. Fibonacci extensions identify XRP’s next bullish targets at $3.35 (70.2%), $4.39 (161.8%) and an ultimate move toward $5.85 (261.8%). Dark Defender has highlighted that this repeating pattern is a clear signal that XRP is getting ready for its next major bullish phase, just as it did in late 2024. XRP trading at $2.94 on the 1D chart | Source: XRPUSDT onTradingview.com Featured image from Getty Images, chart from Tradingview.com