XRP Breakout Imminent: Analyst Targets $3.61

Sean Williams
XRP

Key Takeaways

  • Technical indicators, including trendlines, Fibonacci levels, and EMA squeezes, signal XRP is primed for a breakout.
  • Analyst Dark Defender sets short-term price targets at $2.22 and $3.61, with market tension nearing a decisive moment.

XRP is nearing a critical inflection point, and according to prominent analyst Dark Defender, the market is on the verge of a decisive move. In a new analysis, the respected chartist highlights a powerful convergence of technical indicators, suggesting XRP is poised for an imminent breakout.

Currently trading around $2.15, XRP’s price action is building tension across key chart formations—setting the stage for what could be an explosive move.

Key Technical Alignment Signals Incoming Breakout

At the core of Dark Defender’s analysis is a rare alignment of multiple technical factors. These include a long-standing major trendline, a key Fibonacci retracement level, and the upper boundary of a cup pattern—all converging at current price levels. Each of these signals carries significant weight on its own, but their combination creates what the analyst calls a “hot” setup, one that typically precedes sharp price movements.

Dark Defender notes XRP is now tightly squeezed between support at $2.0706 and key resistance formed by the upper trendline. The presence of a fully formed cup pattern, often the precursor to a bullish cup-and-handle breakout, indicates that XRP may have completed its consolidation phase—suggesting a breakout is imminent.

Tight EMAs Add to Market Pressure

Adding further to the tension is the behavior of XRP’s Exponential Moving Averages (EMAs). On multiple timeframes, these EMAs have compressed into an unusually tight range—a classic indicator that the market is coiling for a move.

This EMA squeeze typically signals declining volatility and building energy, often leading to a strong directional breakout. According to Dark Defender, this is the final stage before XRP’s “decision moment,” with little room left for prolonged sideways movement.

Price Targets and Support Zones

The analyst projects short-term price targets of $2.22 and $3.61. The $2.22 target aligns with minor resistance and a Fibonacci extension level, while a successful breakout could propel XRP toward the $3.61 mark.

On the downside, $2.0706 remains the key support. While a drop below this level could trigger a short-term pullback, Dark Defender remains bullish as long as XRP holds within the current trading range.

Also Read: XRP Price Forecast: Potential Value of 5,000 or 10,000 XRP at $1 Trillion Cap

This setup is more than a typical technical forecast—it’s the culmination of months of pattern formation and market coiling. As Dark Defender puts it: “The setup is hot, and the decision moment is imminent.”

With XRP hovering just below key resistance at $2.15, the next 24–72 hours could prove pivotal. Whether XRP surges toward $3.61 or briefly retests lower support, the days of low volatility are ending.

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

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