đ„đ„đ„ #CryptoAnalyst Predicts Multiple God Candles For $XRP , How High Can It Go?
Analyst Predicts Bullish Surge for XRP with Potential for Multiple God Candles
A crypto analyst remains highly optimistic about XRP, the native token of the XRP Ledger, forecasting a strong bullish rally with the potential appearance of multiple âGod candlesâ if certain resistance levels are breached.
Key Resistance Breakthrough Could Trigger #BullishMomentum
In a June 14 X (formerly Twitter) post, the analyst known as âDark Defenderâ provided an analysis of technical indicators suggesting a bullish trend for XRP. According to Dark Defender, XRP has shown a significant bullish reversal on the weekly Fisher Indicator chart, a tool used to identify trend reversals and extreme price movements.
The analyst highlighted that XRP has surpassed an initial resistance level of $0.04623, indicating strong momentum. The current price is testing the interim Fibonacci level at $0.5286, with bullish expectations for XRP to close above this mark around $0.53.
Dark Defender identified the next significant resistance level at $0.6044. A breakout above this level would signal further upward momentum. The analyst pointed out that breaking through this resistance could trigger multiple âGod candles,â which are sharp price increases. Another critical support level to watch is $0.6649, deemed the master fundamental level. Surpassing this level could lead to substantial bullish gains for XRP.
Current XRP Price and Market Conditions
Despite legal challenges with the SEC and a market downturn, XRP has shown strong bullish signals. After dropping below $0.50 earlier this year, it recently surged to $0.538, gaining nearly 30% in the past week and 1.41% in the last 24 hours.
XRP has shown resilience amid market volatility and is at a crucial point. With the Ripple vs. SEC legal battle nearing resolution, XRP might surpass $0.60 and set the stage for further gains.
Source - newsbtc.com
