XRP has moved above a major technical barrier following a breakout on the 8-hour chart, according to prominent cryptocurrency analyst Dark Defender. The analyst, who closely tracks developments in the digital asset space via his X (formerly Twitter) account, shared insights suggesting that the token has completed the first four waves of a five-wave pattern and has now entered the fifth stage, provided that it maintains support above $1.13.
Breakout signals shift in trend
Recent chart analysis shows XRP overtaking a descending trendline that constrained its price since early June. This move coincides with the structure proposed by Dark Defender, where the breakout could mark the start of a new upward phase.
A detailed look at the chart reveals XRP is now trading atop the Ichimoku Cloud, with the current price at $1.1342, aligning closely with the $1.13 support identified by Dark Defender. If XRP stays above this level, momentum may carry it to higher targets, notably the $1.22 region associated with the projected fifth wave.
Fibonacci extension levels are also plotted, with the 161.80% extension positioned near $1.109 and the 361.80% extension marking the $1.2265 level. These technical markers support the outlook that additional gains could materialize if the present trend persists.
Mini dictionary: Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a technical analysis indicator that defines support, resistance, trend direction, and momentum within a single chart overlay.
| Technical Level | Price |
|---|---|
| Current support | $1.13 |
| Fibonacci 161.80% | $1.109 |
| Projected target (Fibonacci 361.80%) | $1.2265 |
RSI underlines momentum shift
XRP’s Relative Strength Index (RSI), a momentum indicator in financial technical analysis, climbed to approximately 63.9 and has crossed above its moving average near 51.3. This move followed a recovery from historic lows seen in June and signifies strengthening bullish sentiment, though the RSI remains below the overbought threshold of 70.
Dark Defender noted in his analysis that the bullish RSI cross on the weekly chart aligns with the start of the anticipated wave 5 move. The indicator continues to signal that buyer momentum persists and that there may be room for further upside if trend conditions remain stable.
Dark Defender pointed to the recent bullish RSI cross on the weekly chart, emphasizing that “Wave 5 officially starts. Road to double digits #XRPArmy!” He identified $1.13 as the key support required for the next leg higher.
Next technical targets for XRP
Sustained trading above $1.13 would confirm the bullish technical structure proposed by Dark Defender. If maintained, this could propel XRP toward the $1.22 target, which coincides with the upper Fibonacci extension mapped in the analyst’s outlook.
The analysis comes as traders continue to observe if XRP can consolidate new gains after a protracted period under downward pressure. A move to $1.22 would represent a notable recovery and bring the asset closer to multi-month highs, provided that bullish signals remain intact.
