XRP Bulls Eye $3 as Rectangle Breakout Looms

Crypto analyst Dark Defender has shared an optimistic price analysis for XRP, indicating a potential breakout from a bullish rectangle formation. He detailed a chart in a tweet, noting that XRP is attempting to claim the $2.7740 level.

The chart provided by Dark Defender illustrates a bullish rectangle formation, a continuation pattern that often signals an impending breakout to the upside. The formation consists of an upper resistance level and a lower support level, with price movements oscillating within these boundaries.

The Ichimoku Cloud indicator on the chart suggests that XRP has been trading above key support levels, reinforcing the bullish sentiment. A strong upward move could follow if XRP successfully breaks out of this rectangle formation. The target levels highlighted by Dark Defender suggest that once XRP surpasses $3, it may enter a new price discovery phase, potentially leading to higher valuations.

The crypto community responded enthusiastically to Dark Defender’s analysis. X user XRBerry expressed confidence, stating, “The charts are lining up, momentum is building, and the #XRPArmy is ready for liftoff. Strap in, because the real fireworks are just getting started!” Similarly, another user, Pump Fun Alerts, encouraged XRP holders to stay optimistic, commenting, “Keep the faith! If XRP breaks that level, it could be a game-changer for the community. Exciting times ahead!” These responses indicate strong bullish sentiment among traders and investors, reinforcing the idea that XRP’s price action could be approaching a decisive moment.

XRP is currently testing the key resistance level of $2.7740, and a successful breakout could pave the way for further upward movement. Beyond that, $3.00 is a significant psychological barrier; surpassing it could boost market confidence and drive buying pressure. According to Dark Defender, breaking out of the current trading channel could eventually push XRP into the double-digit price range, though the timeline remains uncertain.

As XRP continues to test key resistance levels, the coming days will be critical in determining whether it can achieve the breakout analysts and investors anticipate.