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**Analyst Maps XRP Path from $3.33 Breakout to $5.85 in Bullish Scenario**
A recent analysis from crypto-economic analyst Dark Defender has sparked significant attention among XRP enthusiasts, as it outlines a potential path for the asset’s price action following its imminent breakout above the critical resistance level of $3.33.
As XRP continues to hover around $3.29, it is increasingly likely that this key threshold will be breached, paving the way for further upward momentum. The analyst highlights three distinct stages in his bullish scenario, which could propel XRP toward unprecedented gains.
**Initial Breakout and Short-Term Gains**
The initial breakout above $3.33 would see XRP potentially surge to $4.44, marking a substantial 34% increase from the current price level. This short-term target is reinforced by the Ichimoku Cloud’s strong support zone between $2.92 and $3.2, which has thus far prevented deeper losses.
**Mid-Term Correction and Reversal**
Following this initial breakout, Dark Defender anticipates a brief corrective pullback to around $4, as the market digests its gains. This modest decline would serve as an attractive entry point for investors seeking to participate in the ongoing uptrend.
**Long-Term Upside Potential**
The most ambitious projection envisions XRP climbing toward $5.85, representing a stunning 78% gain from the current price level. This trajectory is fueled by the asset’s increasing bullish momentum and supportive technical indicators.
In conclusion, the analyst’s bullish scenario paints an optimistic picture for XRP’s short-term and mid-term prospects. However, market participants should remain cautious and await confirmation of each milestone before committing to new positions or adjusting existing ones.
The analysis highlights a potential path from the $3.33 breakout to $5.85 in a bullish scenario, offering insights into key support zones and Fibonacci projections.
Source: coincentral.com
