Dark Defender(@DefendDark), a well-known crypto analyst on X, has shared intriguing insights into an impending XRP price surge. The digital asset has shown resilience recently, closing above $3 for the longest consecutive days in its history.
The end of January also marked the first time the asset closed the month above $3, and many experts are seeing a bullish future. Dark Defender has spotted an additional Bullish signal on the digital asset’s chart, showing a breakout on the 3-month chart that could send XRP as high as $333.
The $XRP Bull Run. https://t.co/2bdYaU3LzF pic.twitter.com/NHvQgniLEn
— Dark Defender (@DefendDark) January 31, 2025
Repeating a Historic Breakout
The chart from Dark Defender presents a compelling case for XRP’s continued bullish movement. The analysis highlights a downward trendline, which XRP has now broken out of. This breakout resembles a pattern that led to its all-time high of $3.84 in January 2018.
The chart shows that the trend is already repeating. XRP began forming another downward trendline following its all-time high, and the asset’s current surge, which began in November, broke above this trendline. The asset has formed the first candle, and Dark Defender expects its trajectory to mirror 2017/18, but with a much higher target.
A key technical indicator supporting this bullish outlook is the Fibonacci extension level. The chart suggests that XRP’s current trajectory could target a 161.8% extension, a level commonly used by traders to predict the next potential resistance point. If this projection holds, XRP could reach an astonishing $333.
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Notably, Dark Defender has previously predicted a move to $333 , and XRP’s recent performance has reinforced the bullish sentiment and the belief that the asset can reach this lofty target.
Can XRP Climb to $333?
At the time of press, XRP is trading at $2.93, following a market-wide decline that sent it below $3. It briefly reclaimed this level but lost it again shortly. However, this has not affected the excitement in the community for a price rally.
XRP’s recent breakout and sustained position above $3 mark a significant milestone for the cryptocurrency. Despite the recent decline, Dark Defender’s analysis suggests that historical patterns are repeating, potentially setting the stage for further gains.
Dark Defender has previously stated that he will not sell his XRP below $333, and it will be intriguing to see if the digital asset can reach his target over the next few months.
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