Crypto analyst Dark Defender (@DefendDark) has shared a technical outlook on XRP that points to a significant price move ahead. The analysis covers the daily chart and identifies a clear stru
Crypto analyst Dark Defender (@DefendDark) has shared a technical outlook on XRP that points to a significant price move ahead. The analysis covers the daily chart and identifies a clear structure that has been building over recent months. According to Dark Defender, the setup favors bulls as long as one critical level holds.
The Structure Taking Shape
Dark Defender identifies a Bull Flag pattern on the daily chart. XRP rallied sharply to form Wave 1 before a pullback. The move was swift, sending XRP to a peak at $1.68 after an over 50% surge in under 3 days.
Since then, price has consolidated within a defined range. The analyst describes the movement as sinusoidal, noting the up-and-down oscillation within the green support zone is normal behavior for this pattern.
The green zone sits roughly between $1.27 and $1.33. XRP has tested this range repeatedly without breaking below it. Each test reinforces it as a floor for the current structure.
XRP Key Levels
Dark Defender sets $1.33 as the key support level. XRP is currently at $1.36, just above that level. The 50% retracement level on the chart is marked at $1.2939, providing an additional technical reference just below.
The RSI indicator at the bottom of the chart shows readings of 59.58 and 51.33. These sit in neutral-to-slightly-bullish territory, suggesting the asset has room to move higher without being overbought.
On the upside, Dark Defender puts the target at $1.88. The analyst states the Bull Flag pattern continues, and investors can expect a strong reversal if the green zone remains intact.
The Descending Trendline
The orange descending trendline on the chart captures the pullback following Wave 1. Price is currently trading below this trendline. A breakout above it would be a significant development for the pattern to progress further.
The Ichimoku cloud overlay shows price trading below the cloud. This area often acts as resistance during a recovery phase. A sustained move above the cloud would give the Bull Flag additional technical confirmation.
The low marked on the chart sits at $0.9852, which represents the base of the Wave 1 rally. XRP hit that bottom in August, and it served as a base for the move toward $1.68. The analyst now anticipates a move toward $1.88.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post Dark Defender Reveals XRP’s Crucial Support and Target appeared first on Times Tabloid.