XRP Bulls Charge as RSI Breaks Out

XRP, the native cryptocurrency of the Ripple network, has been the subject of intense analysis by top crypto analysts following a recent Relative Strength Index (RSI) breakout. The digital asset, currently trading at $2.48, has shown signs of a potential bullish recovery, with analysts predicting price targets in the near future.

Dark Defender (@DefendDark), a well-known crypto analyst, recently shared an analysis of XRP's price action. The asset has rebounded from the support around $2.33, the last Fibonacci retracement level in the four-hour chart. This level is significant as it could serve as a turning point for a bullish recovery. With the asset resurging, Dark Defender's analysis provides insight into its short-term trajectory.

His analysis shows that XRP might experience a rebound toward the $2.70 and $2.99 targets. Failure to maintain the $2.33 level would have forced a retest of $1.99, but the 7.05% climb over the past 24 hours has put it well above the support levels. The RSI on the 4-hour time frame has not yet returned bullish, but a reversal is expected with some sagging here.

The market downturn was caused by concerns over tariff threats made by U.S. President Donald Trump against Mexico and Canada. Despite this uncertainty, the market is recovering, as traders return with renewed confidence in the crypto market's future. Dark Defender's chart also includes an analysis of the Relative Strength Index (RSI), which provides further insight into XRP's current momentum. At the time of his analysis, the RSI had not yet turned fully bullish, indicating that a reversal was uncertain. Although the asset is climbing now, its RSI standing at 39.99 firmly in the neutral zone.

One important aspect of the RSI is the resistance trendline, which has prevented previous recovery attempts. A breakout above this trendline would signal renewed strength, supporting the case for an upward move toward the projected price targets. XRP's RSI is still below this level. If it fails to break through the resistance, the cryptocurrency could struggle to sustain momentum, increasing the likelihood of another test of support levels.

Based on Fibonacci levels and market structure, the analyst has outlined two potential short-term