Dark Defender (@DefendDark), a well-known crypto analyst on X, has shared compelling insights into an impending XRP price surge. The digital asset has demonstrated resilience, closing above $3 for the longest consecutive days in its history.
The end of January marked a historic milestone for XRP as it closed above $3 for the first time ever in a monthly timeframe. Analysts, including Dark Defender, see a bullish future ahead, with technical indicators reinforcing an optimistic outlook.
Historic Breakout Signals Massive Upside
Dark Defender’s latest analysis highlights a significant breakout on the three-month chart, potentially setting the stage for XRP to skyrocket to $333. The chart identifies a long-term downward trendline that XRP has now successfully breached. This pattern mirrors the price movement leading to its all-time high of $3.84 in January 2018.
The $XRP Bull Run. https://t.co/2bdYaU3LzF pic.twitter.com/NHvQgniLEn
— Dark Defender (@DefendDark) January 31, 2025
The recent breakout suggests that XRP is following a similar trajectory to the 2017/18 bull cycle, with an even higher target in sight. Since November, XRP’s price has been steadily climbing, forming a bullish candle that Dark Defender believes signals the start of a parabolic move.
Fibonacci Extension Supports $333 Target
A crucial technical indicator bolstering this bullish prediction is the Fibonacci extension level. According to Dark Defender’s chart, XRP’s current trend aligns with the 161.8% Fibonacci extension—a key resistance level traders use to forecast price movements. If this projection holds true, XRP could surge to an astonishing $333.
Dark Defender has reiterated his confidence in this price target, emphasizing that he will not sell his XRP below this level. This conviction has further fueled excitement within the XRP community.
Can XRP Reach $333?
As of press time, XRP is trading at $2.93, following a market-wide dip that temporarily pushed it below the $3 threshold. While it briefly reclaimed this level, volatility has kept traders on edge. However, the broader market sentiment remains optimistic.
Despite the short-term pullback, XRP’s sustained breakout above $3 marks a significant milestone. Historical patterns suggest that this correction could be a stepping stone for further gains, reinforcing Dark Defender’s ambitious $333 target.
With bullish momentum building, the coming months will be crucial in determining whether XRP can fulfill this prediction and enter uncharted price territory.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.