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<p>Dark Defender (@DefendDark) shared insights regarding the price action of XRP, emphasizing a pivotal moment for the cryptocurrency. According to Dark Defender, XRP has successfully closed the last three monthly candles above the initial support level, indicating a significant bullish signal.</p>
<p>The analyst noted that the new three-month candle (covering October, November, and December) is now forming, suggesting that the conditions for a breakout are ripe and expecting an extraordinary breakout.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/heres-how-high-the-xrp-price-will-be-if-ripple-is-able-to-secure-only-10-of-the-100-trillion-derivatives-market-share/" target="_blank" rel="noopener noreferrer nofollow">Here’s How High The XRP Price Will Be If Ripple Is Able To Secure Only 10% Of The $100 Trillion Derivatives Market Share</a></em></strong></p>
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<h2 class="wp-block-heading" id="key-observations-from-dark-defender-sm-xrp-price-chart">Key Observations from Dark Defender’sm XRP Price Chart</h2>
<p>The <a href="https://x.com/DefendDark/status/1844680098487898304?t=SJQXLc9WY8vIZZj54PDT2Q&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">chart presented by Dark Defender</a> illustrates a triangle pattern formed by converging trendlines. The upper trendline, representing resistance, extends from the 2018 high, while the lower trendline, indicating support, corresponds to the mid-2020 low. <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> has been confined within this triangular structure since its peak in 2018 and is nearing a critical breakout point.</p>
<p>The focus is on the candle from July to September, which closed above the initial resistance line at approximately $0.6649. Despite this achievement, XRP remains below more significant resistance levels. The upcoming October-November-December candle is noted as crucial for determining the next major price movement, with the potential for a breakout from the triangle.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/blackrock-sells-over-11-million-in-bitcoin-btc-accumulates-this-major-token/" target="_blank" rel="noopener noreferrer nofollow">BlackRock Sells Over $11 Million in Bitcoin (BTC): Accumulates This Major Token</a></em></strong></p>
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<p>Dark Defender plotted several important Fibonacci retracement levels, including:<br>23.6% retracement at about $1.3917.<br>70.7% retracement at $0.6649, which currently acts as both resistance and support.<br>Higher targets include the 161.8% Fibonacci extension near $1.8815 and the 261.8% extension around $5.8653. A breakout from the triangle could position XRP to test these Fibonacci levels.</p>
<h3 class="wp-block-heading" id="impending-xrp-price-breakout">Impending XRP Price Breakout</h3>
<p>Dark Defender asserts that the new three-month candle is “ready,” indicating that the time for a breakout is imminent. The phrase “no space anymore” suggests that XRP has reached a juncture where significant price movement is likely, signaling the end of the sideways consolidation within the triangle.</p>
<p>The closure of the July-September candle above the initial resistance line serves as a <a href="https://crypto.com/university/top-10-bullish-crypto-trading-indicators" target="_blank" rel="noopener noreferrer nofollow">bullish indicator</a>, even though this move occurred in relative “silence,” without significant momentum. The upcoming candle could act as a catalyst for larger price movements as XRP continues to compress within the triangle.</p>
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<p>The post <a href="https://captainaltcoin.com/ripple-xrp-price-action-hints-at-only-one-direction-analyst-reveals-timeline-for-extraordinary-breakout/" rel="noopener noreferrer nofollow">Ripple (XRP) Price Action Hints at Only One Direction: Analyst Reveals Timeline for ‘Extraordinary Breakout’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple (XRP) Price Action Hints at Only One Direction: Analyst Reveals Timeline for ‘Extraordinary Breakout’

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