XRP Price Prediction: XRP Broken Key Resistance Now Aiming To Break $3.39 Level
*XRP Breaks Key Resistance as Analysts Predict a Bullish Surge**
Crypto analyst **Dark Defender** has presented a bullish outlook for XRP, highlighting key resistance and support levels that could shape its next price movement. In a recent update, he revealed that XRP has successfully **broken its 4-hour resistance level**, a critical technical signal that suggests the token is gearing up for a strong rally. However, for further gains, XRP must surpass the crucial **$3.3999 resistance level**.
### **XRP Breaks 4-Hour Resistance, Signaling Potential Breakout**
XRP, Ripple’s native token, has been experiencing fluctuations in recent weeks. However, fresh **technical signals indicate a strong upward move** may be on the horizon. According to Dark Defender, breaking the **4-hour resistance level** marks a shift toward an **uptrend**, increasing the probability of a sustained rally.
His analysis suggests that XRP needs to **hold above $2.22** as a key support level while eyeing **$3.30 as the next major resistance**. If the token clears this hurdle, it could **skyrocket toward $5.85**, which analysts have identified as a crucial price target.
Additionally, the **Relative Strength Index (RSI)** has formed a **Golden Cross**, a classic bullish indicator that signals strong upward momentum. This pattern suggests that buying pressure is increasing, which could trigger a breakout in the coming sessions.
### **Bearish Signals Could Slow XRP’s Growth**
Despite its **bullish setup**, XRP is facing resistance in its price movement. One of the key reasons could be the **recent surge in exchange inflows**. Data from **Coinglass** reveals that investors have **deposited nearly $13 million worth of XRP on exchanges**, a move that may contribute to increased selling pressure and slow down its momentum.
Further, the **Open Interest (OI)-Weighted Funding Rate** dropped from **0.0103% on March 3 to -0.0022%**, indicating a shift toward bearish sentiment. The funding ratio also **fell below 1.0 to 0.9798**, suggesting that if selling pressure persists, XRP could face further price corrections.
### **XRP Price Momentum & Market Sentiment**
With a **17% weekly gain**, XRP is currently trading at **$2.61**, reflecting a nearly **5% increase** in the past 24 hours. This **upward momentum** showcases investors’ confidence in XRP despite ongoing regulatory challenges.
As the broader crypto market shows signs of recovery, XRP’s **bullish technical setup** could present a **significant investment opportunity**. If the asset continues to hold key support levels and breaks through critical resistance, **a major price rally could be on the horizon**.
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