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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Mar 06, 2025 13:54 UTC
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Crypto Analyst Predicts Strong XRP Rally to $5.85 – Key Levels to Watch
Analyst predicts potential XRP rally after breaking 4-hour resistance, with key targets at $3.3999 and $5.85.
Technical indicators like a Golden Cross RSI signal bullish momentum, but exchange inflows and funding rate drops could create selling pressure.
XRP shows a weekly gain, indicating investor confidence and potential for further growth.
Crypto analyst Dark Defender has shared a bullish outlook for XRP, highlighting important resistance and support levels that could shape its next move. He noted that XRP has broken a key 4-hour resistance level, a strong sign that it may be gearing up for a rally. However, for further gains, XRP must break above $3.3999.
XRP Breaks Resistance – Is a Bigger Move Coming?
Ripple’s native token, XRP, has been moving up and down in price recently. But now, technical indicators suggest it may be ready for a strong upward move. Dark Defender pointed out that XRP’s break above the 4-hour resistance signals the start of an uptrend.
To maintain this momentum, XRP needs to stay above $2.22. The next major hurdle is the $3.30 resistance level—breaking past this point could push the price even higher.
If XRP clears the $3.30 resistance, it could rally toward $5.85, a level that has acted as a strong barrier in the past. Adding to the bullish case, the Relative Strength Index (RSI) has formed a Golden Cross—a signal that suggests buyers are gaining control and the uptrend could continue.
Exchange Inflows Could Slow the Rally
Despite these positive signs, XRP is struggling to push higher. One reason could be the recent increase in exchange inflows. Data from Coinglass shows that investors have deposited nearly $13 million worth of XRP onto exchanges, which could lead to more selling and slow down its growth.
Additionally, the Open Interest (OI)-Weighted Funding Rate dropped from 0.0103% on March 3 to -0.0022%, showing a rise in selling pressure. The ratio also fell below 1.0 to 0.9798, suggesting XRP could face further declines if this trend continues.
Investors Remain Optimistic
Despite these challenges, XRP has gained 17% over the past week and is currently trading at $2.61, up nearly 5% today. This rally shows that investors remain confident in XRP, even as Ripple continues to face legal battles.
With the overall market showing signs of recovery, XRP’s bullish setup could be an opportunity for investors. If this momentum continues, a new all-time high may not be far off.
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