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After reflecting Bitcoin’s strong rupture During the past week, XRP Recently increased A maximum intradic of $ 2.47 before returning on return to a lower daily closure. Despite this, the broader perspective for XRP is optimistic, with the Altcoin generally moving in closing with Bitcoin and the broader cryptographic rally. According to a recent analysis, a key technical signal simply blinked, one that previously preceded a massive 600% rally in November 2024.
RSI’s weekly signal of family return after 200 days
According to cryptographic analyst Dark Defender, XRP has once again He produced a rare golden cross in its weekly RSI indicator, an event that happened for the last time on November 4, 2024. That signal directly preceded the XRP 600% Rally explosive, and its reappearance points to the possible appearance of a Similar trajectory for cryptography.
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In particular, the appearance of the new Cruz RSI coincides with the elimination of A long -standing weekly resistance line after XRP broke to $ 2.59 on May 14. The analyst’s list clearly highlights this rupture, with a bright green trend line now raped and a bullish bar candlestick that forms just above, adding strength to the upward case.
The RSI behavior in the 1W candlestick time table is also particularly revealing. The purple RSI line has crossed above the yellow mobile average once again, exactly as it did in early November 2024. At that time, XRP showed the cross when its price quoted around $ 0.5. However, the resulting price action saw it explode in more than 600% To reach a maximum point in a maximum of several years around $ 3.31 on January 12, 2025.
$ 3.33 in sight, but $ 5.85 can be the real award
Considering the action of the previous price After the Weekly RSI Cross at the end of 2024, Crypto Analyst Dark Defender’s perspective is based on repeating the same 600% rally or closing in the coming weeks. After this development, Dark defend has outlined two key price objectives.
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The first is $ 3.33, near the peak of several years in January 2025. XRP must break that level, the next main objective is around $ 5.85, corresponding to the Fibonacci level of 261.8%. The analyst refers to this upper range such as the parapet, which means that this level could be the next high peak of all time after the price rally.
The Elliott wave structure drawn on the table describes a five -wave impulsive movement, and XRP is now about to enter Ola III, the longest and most powerful wave in a bullish cycle. If this structure is developed as expected, XRP could quickly exceed $ 2.59, keep above $ 3.33 and meet towards the upper limit of the projection range.
Interestingly, none of these price objectives Use a complete 600% rally repetition. The objective of $ 3.33 is 43% of the current price level, while $ 5.85 represents a profit of 150% of the current price. At the time of writing, XRP is quoted at $ 2.34.
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