Analyst Predicts XRP to Reach $5.85: Repeat of 2024 Golden Cross

Crypto analyst Dark Defender (@DefendDark) has identified a significant technical signal in XRP’s weekly chart that suggests a potential repeat of the bullish pattern observed in November 2024. The RSI, a momentum indicator, has shown a golden cross on both the chart and commentary after 200 days, mirroring the same signal prior to a notable price rally last year. This latest signal coincided with an increase in XRP’s price, exceeding expectations, reaching a multi-year high of $3.39. This bullish momentum is further evidenced by a weekly resistance line breach and a bullish pin bar formation that indicates strong buying pressure. The analysis suggests that XRP is poised to continue its upward trend, targeting $3.33 in the short term before potentially breaking through the $5.85 resistance level.