XRP Breaks $3: Is $5.85 the Next Target?

Ripple’s XRP is once again in the spotlight as it breaches the $3 mark, sparking optimism about its potential trajectory toward $5.85. According to market analysts, Fibonacci analysis suggests that XRP could achieve this target, driven by growing investor interest and favorable regulatory developments.

Analyst Dark Defender Predicts a Strong Rally for XRP

Prominent crypto analyst Dark Defender has highlighted $3.24 as a critical resistance level for XRP. The analyst believes that once this level is surpassed, XRP could enter a robust bullish trend. However, investor sentiment has been shaky, with XRP temporarily losing support just hours before President Donald Trump’s inauguration. Despite this, many remain confident that XRP could rally to new highs, reaching $5.85 based on Fibonacci projections.

XRP Price Outlook: Key Levels to Watch

Dark Defender’s analysis reveals that XRP’s recent test of the $3.24 resistance is pivotal. Although XRP failed to break this level initially, a renewed upward movement could push the price toward its Fibonacci-based target of $5.85.

Chart data indicates that XRP has broken out of its recent downtrend and is preparing for a new upward trajectory. The analyst asserts that XRP has left the $3 level behind and will likely maintain its position above this threshold. Some members of the crypto community also believe that XRP’s days of trading below $2 are now in the past.

Positive Sentiment and Regulatory Developments

The overall sentiment in the crypto market supports a bullish outlook for XRP. Additionally, regulatory changes—such as the resignation of SEC Chairman Gary Gensler—have bolstered investor confidence. Many hope that Gensler’s departure will remove some of the barriers XRP has faced in the United States.

Recently, XRP climbed to $3.39, marking the first time it has crossed $3 since 2018. Experts believe this level could become a strong base for future growth.

Conclusion: A Promising Future for XRP?

With strong technical indicators and a favorable regulatory landscape, XRP appears poised for further gains. However, investors are advised to stay cautious and monitor market dynamics closely.

Turkish NY Radio will continue to provide updates on XRP and its performance in the evolving crypto market.