XRP News Today: XRP Faces Critical Juncture With 161.8% Fibonacci Breakdown Risk

Renowned crypto analyst Dark Defender has indicated that XRP is on the brink of a significant price movement. In a recent post, the analyst presented a monthly chart, stating that "no room is left" in the current formation, suggesting that XRP is at a critical juncture. The chart highlights a multi-month compression within a triangle bounded by two key trendlines: the ultimate resistance line and the ultimate support line. These lines are converging sharply toward June and July, leaving minimal space for price action to continue without a clear breakout or breakdown. The convergence has been labeled as an "Explosive Trigger," signaling a possible catalyst ahead.

Dark Defender's analysis is supported by another prominent analyst who recently reiterated the belief that XRP must decide on a direction as it has hit the end of its consolidation phase. The ultimate resistance trendline connects lower highs formed since XRP’s previous peak in January, creating a consistent ceiling on upward movements. Conversely, the support trendline, in place since the major low around late 2024, has held up over several candles. The price currently sits close to $2.17, narrowly above this support and under the resistance, forming a tight wedge. Below the support level, the chart references a Fibonacci extension at the 161.8% level, located around $1.88. This area could act as the next significant target in the event of a breakdown. However, the focus of the chart and annotations leans heavily toward a breakout scenario.

Dark Defender concluded the chart with a bold statement that the XRP army is ready, indicating confidence in an imminent and significant move. An expert recently stated that June and July will separate the believers from the regretters, suggesting that the asset’s performance in these months could validate the faith the community has held for years. The pattern has been forming over several months, with diminishing volatility leading to this critical decision point. Whether this results in a breakout toward previous highs or a retest of lower Fibonacci levels remains to be seen. However, from a structural standpoint, the conditions for high-magnitude upward movement are now in place.