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.
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.
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.
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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