This Trader Maps Out XRP Price Road to New All-Time High

The XRP price performed fairly well this week as the bulls successfully protected the strong support around $2.35-2.40 before pushing the price to $2.80 yesterday.

Crypto analyst ‘Dark Defender’ has shared a new XRP price analysis, highlighting key resistance and support levels as the token eyes a new all-time high.

According to the analysis, XRP/USD is currently testing a crucial daily resistance trendline on the daily timeframe. XRP price has been consolidating beneath this resistance level, attempting multiple times to break through. The analyst’s chart suggests a bullish breakout could be imminent, illustrated through carefully plotted directional indicators.

Several critical price levels are highlighted by the analysis. Immediate resistance sits at $2.90, which needs to be cleared for further upside potential. Beyond that, the 261.8% Fibonacci extension level at $5.85 emerges as a major target, with $8.03 identified as an extended target should bullish momentum persist. On the downside, strong support zones are established at $2.44 and $2.33, with the Ichimoku cloud providing additional technical support below current prices.

It’s great seeing the #XRP at $2.777 on February 14th. After clearing the $2.90+ levels, XRP is expected to proceed to our critical Fibonacci level of $5.85.

RSI had the Golden Cross, which is Bullish

Short-Term Targets: $2.90, $5.85, $8.03

Supports: $2.44, $2.33… pic.twitter.com/vRlPAtzdnd

What’s also notable is the formation of a Golden Cross on the Relative Strength Index (RSI). This pattern, where the RSI line crosses above its moving average, traditionally signals building bullish momentum. The indicator is now recovering from a recent low, suggesting a potential trend reversal.

For context, XRP’s previous all-time high stands at approximately $3.84, achieved in January 2018. If the price manages to clear the $5.85 level as projected, XRP would enter uncharted territory in price discovery mode. The analyst’s technical setup suggests this scenario could materialize if the price successfully breaks above the daily resistance trendline and maintains momentum above key support levels.