Breakthrough and Rise: XRP Price Dynamics Take a Dramatic Turn

XRP Price Breaks Out On The Daily Chart, Rise To $5.85 Is Possible If This Happens

In a stunning turn of events, the XRP price has broken out on its daily chart, opening up new possibilities for further upside. According to Dark Defender, a renowned analyst in the crypto space, this breakout could be the precursor to a massive surge that would take the token’s value all the way up to $5.85.

Currently trading at $2.51 with a market capitalization of $144 billion, XRP has already shown impressive strength despite bearish pressure. The analyst is now confident that the coin will not be deterred by recent downturns and instead, will continue its ascent towards higher resistance levels.

The first critical hurdle that needs to be cleared is the $2.72 mark, followed by a retest of the 2024 high at $2.92. A successful breach above these key levels would set the stage for another upward surge, potentially reaching as far as $5.85.

This price target represents a whopping 133% increase from current prices and would put XRP’s market capitalization at an astonishing $351 billion. The analyst believes that the momentum behind this potential breakout is strong enough to carry the coin through any resistance it may encounter along the way, ultimately culminating in a long-term target of $5.85.

As we watch this dramatic development unfold, investors and traders alike would be wise to keep a close eye on XRP’s price action, paying particular attention to its ability to maintain momentum above the aforementioned critical levels.

Source: bitcoinist.com