Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto analyst remains highly optimistic about\u00a0 XRP Ledger\u2019s native token, XRP, predicting the appearance of multiple God candles that could potentially propel the cryptocurrency into a strong bullish rally.\u00a0 Breaking Resistance Could Trigger God Candles In an X (formerly Twitter) post on June 14, a crypto analyst identified as \u2018Dark Defender\u2019 provided a detailed interpretation of technical indicators and resistance levels that could signal a bullish uptrend for XRP. The analyst revealed that XRP has experienced a highly bullish reversal for the Fisher Indicator on the weekly chart. Related Reading: Crypto Analyst Says Ethereum Price Is Headed To $4,000, Here\u2019s Why The Fisher Indicator is a versatile technical tool used to pinpoint trend reversals and highlight when prices have moved to the extreme. Based on this technical indicator, Dark Defender has revealed that the altcoin has broken through an initial price resistance at $0.04623, indicating strength and momentum in the cryptocurrency\u2019s price movement.\u00a0 Sharing a price chart depicting XRP\u2019s movements, the crypto analyst unveiled that the altcoin’s price is currently testing the interim Fibonacci levels at $0.5286. He expressed bullish optimism about XRP closing above the week\u2019s candle around the $0.53 price mark.\u00a0 Dark Defender also highlighted the next significant resistance level for XRP\u2019s price. The analyst expects XRP to test secondary mid-level resistance points at $0.6044, as breaking this level would be a positive signal for a higher upward momentum for XRP.\u00a0 Interestingly, Dark Defender expects XRP to trigger God candles if it successfully breaks all the aforementioned resistance levels. He highlighted another key support level at $0.6649, labeling it the master fundamental level. The crypto analyst disclosed that it was crucial to not underestimate this level, signaling the potential for strong bullish surge in XRP if it surpasses this key threshold.\u00a0 The analyst has predicted multiple God candles that indicate sharp price increases for XRP, possibly opening up a path to \u201cHeaven\u2019s Stairway.\u201d Update On XRP Price Analysis Amidst recent legal challenges with the United States Securities and Exchange Commission (SEC) and broader market downtrend, XRP has been displaying strong bullish signals and healthy price fundamentals. At some point this year, the cryptocurrency plummeted below the $0.5 price mark, experiencing unexpected price declines.\u00a0 Related Reading: Ethereum Bulls Gear Up For Recovery \u2013 Can Spot ETFs Push Price To New Highs? However, recently, the altcoin has been on a roll, recording multiple bullish surges that have pushed its price to its current value of $0.538. According to data from CoinMarketCap, XRP has soared by almost 30% over the past week and risen by another 1.41% in the last 24 hours.\u00a0 The cryptocurrency has been performing relatively well despite market volatility. Its recent gains have also positioned it at a critical point where its price could potentially surge above the $0.6 threshold. Additionally, with the Ripple vs. SEC legal battle nearing conclusion and a settlement on the horizon, XRP is poised to overcome bearish sentiment fueled by regulatory concerns.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-629990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n
Crypto Analyst Predicts Multiple God Candles For XRP, How High Can It Go?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n