Crypto analyst Dark Defender (@DefendDark) has reiterated his bullish stance on XRP, citing a technical chart showing an upward trajectory for the digital asset. His analysis aligns with previous predictions of a bullish phase this week following a price movement consistent with anticipated trends. 📈
Dark Defender’s prediction was based on the asset reaching new highs and confirmed by its performance exceeding $2.60 per token.
The analyst also highlights that the recent surge in XRP price is attributed to the announcement of a US-UK trade agreement, igniting a market rally across various cryptocurrencies.
Market analysts are closely observing the potential for XRP to sustain its momentum and overcome major resistance levels indicated by Dark Defender’s chart. The asset currently ranks sixth by 24-hour trading volume at $5.8 billion, representing a significant increase of 21.75% compared to earlier periods. This surge in trading activity could contribute to the continued ascent of XRP.
The analyst’s bullish outlook is further supported by the recent SEC settlement agreement between Ripple and the U.S. SEC, which has ignited excitement within the market. XRP’s historical volatility suggests it may continue to experience sharp movements driven by legal, political, and macroeconomic factors.