XRP Analyst Says ‘We Will All Be Surprised’ By October With This Breakout

Dark Defender, a prominent XRP analyst, has drawn significant attention to the token, suggesting that XRP may be setting up a move that could take the market by ￰0￱ its struggle to decisively break above the $3 mark, XRP is now forming a Falling Wedge pattern that signals the potential for a powerful breakout by ￰1￱ Wedge Signals XRP Breakout By October In a recent XRP price analysis, published on Monday, Dark Defender noted that the third-largest cryptocurrency has once again respected its key support levels at $2.85, despite being rejected at $3.13. The XRP price tapped into the primary support trendline, highlighted in orange on the chart, which has consistently held as a structural ￰2￱ Reading: Analyst Predicts XRP Price Will Definitely Reach $10,000, Gives Reasons Why Importantly, the Relative Strength Index (RSI) is edging closer to oversold territory, a signal often associated with potential price ￰3￱ skepticism spreads across the market, Dark Defender insists that the XRP bullish structure remains intact and that disbelief itself is a sign that many could be caught off guard by what’s to ￰4￱ analyst notes that the cryptocurrency has been consolidating within a Falling Wedge pattern between July and ￰5￱ to him, October could be the month when XRP finally breaks free from the wedge and delivers a rally strong enough to surprise the broader ￰6￱ on this momentum, Dark Defender has forecasted three potential price targets for XRP by October: $4.17, $4.92, and $5.85.

These levels correspond to upper Fibonacci Extension zones, specifically 261.8%, 361.8%, and 236.8%, respectively. Meanwhile, XRP has its closest supports set at $2.80 and $2.64, ensuring a strong base for the projected Falling Wedge ￰7￱ Bullish Run Just Starting Following his earlier predictions, Dark Defender further reinforced his bullish case by asserting that XRP has not begun its true ￰8￱ suggested a power shift is underway, hinting that what the market has seen so far is only the beginning of a larger bullish ￰9￱ Reading: Analyst Unveils 3-Month Prediction For Bitcoin, XRP, And Dogecoin – It’s Very Bullish This perspective arrives at a time when XRP has already delivered a remarkable performance in ￰10￱ to CoinMarketCap’s data, the cryptocurrency has gained 384% Year-to-Date, a surge fueled by increasing demand, rumors of a potential XRP ETF, and renewed confidence after the conclusion of the Ripple-SEC ￰11￱ XRP reaching a high of $3.65 earlier this year and trading just over 5% shy of reclaiming its former all-time high of $3.84, Dark Defender remains certain that the asset’s real growth is still ￰12￱ on this view, the recent pullback below $3 is not seen as a weakness, but rather as a consolidation phase before the next leg ￰13￱ highlighted that XRP is nearing the end of this corrective ABCDE consolidation phase and preparing for a ￰14￱ to his chart analysis, once the cryptocurrency reclaims the $3.33 level, it could pave the way for double-digit ￰15￱ image from iStock, chart from ￰16￱