The XRP price action continues to dominate analysts’ discussions as bullish technical setups point toward a potential breakout. Popular crypto analyst Dark Defender has shared insights that reinforce this bullish sentiment, noting that regardless of which technical framework traders apply, the outcome points to the same conclusion: XRP is poised to explode.
XRP Price Predicted To Explode Soon
Dark Defender has declared that “all roads lead to Rome” as XRP’s long-awaited Cup and Handle formation is now nearing completion. On the weekly chart, XRP successfully carved out a rounded cup portion after months of consolidation. The cryptocurrency is finishing the “handle” portion of the pattern, a final corrective move before a potentially powerful breakout.
Related Reading
In addition to the Cup and Handle pattern, Dark Defender highlighted in his post on X social media that Elliott Wave analysis aligns with this bullish theory. The ABC correction within the handle suggests that XRP may have already finalized its retracement, now positioning itself higher for the next impulsive wave. Fibonacci retracement levels further confirm this setup, with price action reportedly holding firmly above the 23.06% retracement at $2.85 and establishing strong support for the next move.
Dark Defender emphasized that the next major target for XRP could be as high as $5.85, corresponding with the 261.8% Fibonacci Extension level. According to the analyst, the convergence of multiple technical methods—whether through the Cup pattern, historical patterns, or Elliott Wave—all confirm the same bullish outcome for XRP.
Bull Flag Scenario Repeats
Another critical factor adding to the bullish sentiment is XRP’s possible repeat of a Bull Flag formation that has historically preceded breakouts. In a new analysis on X, Dark Defender referenced a scenario from November 2024, when XRP was trading at $1.13. At the time, the analyst anticipated a move toward $2.40 based on a Bull Flag setup. That pattern played out successfully, with the cryptocurrency’s price rallying exactly as predicted.
Related Reading
Now, XRP appears to be setting up for a repeat performance. On the current weekly chart, the cryptocurrency is consolidating within another Bull Flag following a sharp upward leg. The flag is tightening just above the $3 mark, with immediate support levels at $3 and $2.85. Dark Defender indicated that holding these levels is critical, as it could validate the bullish continuation pattern and potentially set the stage for the next breakout.
Based on the analysis, the upside targets of this Bull Flag formation are substantial. Fibonacci extensions identify XRP’s next bullish targets at $3.35 (70.2%), $4.39 (161.8%) and an ultimate move toward $5.85 (261.8%). Dark Defender has highlighted that this repeating pattern is a clear signal that XRP is getting ready for its next major bullish phase, just as it did in late 2024.
Featured image from Getty Images, chart from Tradingview.com