Dark Defender, an important XRP analyst, attracted significant attention to the token, suggesting that XRP could be set A move that could surprise the market. Despite his struggle to break definitely above the sign of $ 3, XRP is now forming a cuneo model that marks the potential for a Powerful breakout by October.
Falling Wedge Signals XRP Breakout by October
In a recent Price analysis XRPPosted Monday, Dark Defender noted That the third largest cryptocurrency has again respected its key support levels at $ 2.85, despite being rejected at $ 3.13. The XRP price exploited the primary support support line, highlighted in Orange on the graph, which was constantly held as a structural base.
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Important, the Relative resistance index (RSI) A signal often associated with potential price inversions is approaching the territory of Hyper -Fed. While skepticism spreads through the market, the dark defender insists this The upward structure XRP It remains intact and that same disbelief is a sign that many could be caught abroad from what will come.
The analyst notes him The cryptocurrency was consolidated Within a cuneo model that falls between July and September. According to him, October could be the month in which XRP finally gets rid of the Cuneo and offers an event strong enough to surprise the largest market.
Based on this momentum, Dark Defender has provided three potential price objectives for XRP by October: $ 4.17, $ 4.92 and $ 5.85. These levels correspond to the areas of extension of higher fibonacci, in particular to 261.8%, 361.8%and 236.8%, respectively. In the meantime, XRP has its closest supports set at $ 2.80 and $ 2.64, guaranteeing a strong base for the expected Falling Wedge Breakout.
XRP Bullish Run just started
Following its previous forecasts, Dark Defender further strengthened His bullish case stating that XRP has not started his real event. He suggested that a power shift is underway, suggesting that what the market has seen so far is only the Beginning of a larger bullshit.
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This perspective arrives at a time when XRP has already offered a remarkable performance in 2025. According to CoinmarketCap data, the cryptocurrency has gained 384% since the beginning of the year, an immense fueled by the growing demand, voices of A Etf XRP potentialand renewed trust after the conclusion of the Cause of wave-sec.
With XRP which reaches a maximum of $ 3.65 At the beginning of this year and exchange just over 5% of reclaiming its ex -maximum of all times of $ 3.84, Dark Defender is certain that the real growth of the activity is still in advance. Based on this point of view, the recent Pullback under $ 3 It is not seen as a weakness, but rather as a consolidation phase before the highest subsequent leg.
Him highlighted That XRP approaches the end of this corrective ABCDE consolidation phase and is prepared for a lifting. According to his analysis of the graph, once the cryptocurrency claims the level of $ 3.33, it could open the road to two -digit prices.
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