Billy

Cardano

2024

Dark

<ul> 
 <li>Dark Defender predicts a significant XRP rally based on historical price movements and technical analysis.</li> 
 <li>The Ichimoku Cloud indicator and RSI trends may confirm XRP’s bullish breakout.</li> 
</ul> 
After reclaiming a critical support level of $0.40, the XRP price is showing signs of a slow rebound. According to its price structure, the token’s next key goal is to retain its bullish foundation by staying above the $0.425 mark. 
Today, prominent crypto analyst and trader Dark Defender <a href="https://x.com/DefendDark/status/1810230591792521382">revealed</a> his technical analysis of the XRP price, indicating the possibility of a major surge ahead. 
In a tweet, Dark Defender used previous price patterns to predict a similar upward rise. With recent gains and a bounce at the 23.60% Fibonacci support level of $0.3917, <a href="https://www.crypto-news-flash.com/analyzing-xrps-path-to-35-what-investors-should-know/">XRP</a> initially seeks resistance at $0.50. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 When you see, you see. 
 It was never easy for <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> &amp; will not be, but in the end, 
 History repeats itself. 
 Believe In Miracles? <a href="https://t.co/BWz14ScY7X">pic.twitter.com/BWz14ScY7X</a> 
 — Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1810230591792521382?ref_src=twsrc%5Etfw">July 8, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-xrp-set-for-breakout-and-bullish-reversal-strong">XRP Set for Breakout and Bullish Reversal&nbsp;</h2> 
According to the forecast, XRP will break out of a triangle pattern on the weekly chart that Dark Defender shared, with targets at $1.88, $5.85, and $18.22. Furthermore, a breakout of the Ichimoku Cloud signal will validate the Ripple token’s strong bullish trend. 
The RSI indicator appears to be going downward into the oversold zone, which normally indicates a decrease in selling pressure and the possibility of a bullish price reversal. 
On the other hand, a previous <a href="https://www.crypto-news-flash.com/former-goldman-analyst-critiques-xrp-and-cardano-nothing-other-than-cult-memecoins/">report</a> by CNF highlighted former Goldman Sachs analyst Murad Mahmudov, who labeled XRP as a “cult memecoin” with Cardano (ADA). Despite these opposing viewpoints, XRP continues to demonstrate resilience. As of this writing, XRP is trading around $0.4409, up 1.62% over the last 24 hours. 
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
Also, as we previously <a href="https://www.crypto-news-flash.com/bill-morgan-buys-more-xrp-amid-market-dip-and-uncertainty/">reported</a>, pro-crypto attorney Billy Morgan recently acquired XRP for roughly $0.40. Despite the market’s conflicting sentiments, this transaction demonstrates that certain investors are becoming confident in XRP’s potential for a bullish breakout.

XRP Price Eyes Major Rally: Technical Analysis Insights by Popular Analyst

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Crypto News Flash

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