XRP Just Broke Key Level—Analyst Says Next Stop Could Be $6.39

XRP has officially broken through a significant resistance level, reigniting bullish sentiment across the crypto market. The price climbed past the $2.2222 mark, reaching a high of $2.3620 before experiencing a minor correction to around $2.07.

According to market analyst Dark Defender, this movement marks the confirmed end of Wave 4 in the ongoing Elliott Wave cycle. He said that price pullback was predicted, adding more confirmation to the upcoming rise. Another new wave, which is being referred to as Wave 5, is currently developing, and outcomes point to tremendous gains over this already high level.

From the monthly timeline, XRP is shifting into Wave 5, which has a unique five-wave subpattern. These movements generally involve short price fluctuations amid a rising one. In existing forecasts, XRP might hit prices ranging from $5.85 to $6.39 as Wave 5 takes shape.

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RSI Momentum and Fibonacci Levels Reinforce Bullish Outlook

The analysis includes Fibonacci extension levels that emphasize the $5.8563 level. This level aligns with the 261.8 percent extension and serves as a key technical marker for the potential top of the fifth wave. The chart suggests that this range is where XRP could peak if the current pattern holds.

Dark Defender also identified that the Relative Strength Index (RSI) indicates a bullish crossover. It is now above its moving average after moving into the mid-range region RSI. This momentum shift implies added buying momentum and supports the possibility of an elevated bullish phase.

He highlighted that although price oscillations are expected as the trend continues, the overall tendency is positive. The chart arrangement, the breaking out point, and the RSI readings indicate downward movement. If the price of the XRP keeps up with its existing pattern, it might enter the upper zone of resistance or test it.

At the time of reporting, XRP trades near $2.36 and remains aligned with the forecasted Wave 5 pattern.

The confirmed breakout above $2.2222 has strengthened XRP’s technical outlook. Analysts now suggest the next primary price target could land between $5.85 and $6.39.

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