XRP Price Approaches Key Resistance Level for Potential Breakout
XRP may be on the verge of a significant price breakout, according to analyst Dark Defender. Key points include:
- XRP is currently testing critical resistance levels above $2.33.
- A daily close above this level could invalidate the existing downtrend and signal an upward movement.
- The potential target for XRP is $3.39, representing a 61.43% increase from its current price of $2.1.
- Technical indicators support a bullish outlook, with a rising Relative Strength Index (RSI) and pricing above key Exponential Moving Averages (EMA).
- The market structure suggests strengthening momentum as buyers regain control.
If XRP maintains candle closes above $2.33, it may initiate a stronger uptrend.
