According to Dark Defender, a top crypto analyst, XRP is approaching a crucial breakout point on its weekly chart. The analysis posted on X highlights resistance levels and indicators that could shape XRP’s future price movement.
Key Resistance Levels
[XRP is testing a crucial resistance level around $0.6044](https://coinmarketcap.com/currencies/xrp/), identified by Dark Defender as pivotal for a potential breakout. This level aligns with a long-term descending resistance trendline on the weekly chart, which has been a barrier for XRP’s upward movement.
Interaction with Ichimoku Clouds
One popular technical indicator important to this analysis is the Ichimoku Cloud. According to Dark Defender, XRP is “teasing” the $0.6044 mark, which is near the weekly Ichimoku Cloud’s last section. Breaking through this cloud could position XRP in what the analyst calls the “Final Battlefield zone,” potentially clearing the way for further price gains.
Historical Resistance at $1.03
The $1.03 resistance level, tied to XRP’s January 2018 high, remains a critical point for long-term investors. Dark Defender emphasizes that surpassing this historical level could lead to broader upward momentum, marking a shift in XRP’s market dynamics. The analysis suggests that XRP is at a crossroads. Clearing the $0.6044 and $0.6649 resistance levels would pave the way for a test of $1.03.
Analysts and traders will closely monitor these developments to gauge XRP’s future trajectory.
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