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XRP Price Breaks Out on the Daily Chart, Rise to $5.85 Is Possible if This Happens
In a surprising turn of events, XRP’s price has broken out on the daily chart, leaving analysts scrambling to re-evaluate their predictions. The breakout comes as part of a larger upward trend that shows no signs of slowing down.
According to Dark Defender, a well-respected analyst in the cryptocurrency space, this sudden surge could be just the beginning. In his latest market analysis, he suggests that $2.42 would set the stage for another upward surge towards higher resistance levels.
In his analysis, he highlights the importance of breaking above $2.72 and retesting its current 2024 high of $2.92. A successful break above this level would open up XRP to new price highs in over six years.
Should the token successfully breach the $2.92 mark, Dark Defender predicts a sure climb towards an intermediate target at $3.43 – its current all-time high price that has stood for over seven years.
The analyst believes that continued bullish momentum would drive the token to a long-term target of $5.85.
Source: bitcoinist.com
