Analyst Foresees a Repeat of November 2024 XRP Golden Cross, Sets Price Target

Crypto analyst Dark Defender (@DefendDark) has identified a significant technical signal on XRP’s weekly chart that mirrors a pattern last observed in November 2024. According to his recent analysis, XRP has once again produced a golden cross on the Relative Strength Index (RSI), a development that preceded a substantial price rally late last year. This rally sent XRP to a multi-year high of $3.39, outperforming expectations. The RSI signal, which occurred after 200 days, coincides with a bullish price structure, eliminating key resistance levels. On 4 November, #XRP had a Golden Cross Signal on weekly RSI. We warned in October. Today, XRP RSI has produced the same signal after 200 days! XRP is targeting $3.33 in the short term, and is expected to fire the bullet, which will then likely flatten itself against the $5.85… pic.twitter.com/SthErQvaJE — Dark Defender (@DefendDark) May 22, 2025 Weekly Resistance Line Breached The chart provided by Dark Defender illustrates that XRP has successfully broken through a longstanding weekly resistance trendline. This resistance, which constrained its upward movement for several months, formed after XRP’s surge in November and was invalidated following a sequence of higher lows and a decisive bullish candle. This technical breach is further supported by a bullish pin bar formation, which is often interpreted by traders as a signal of strong buying pressure. The pin bar suggests a positive market response to the cleared resistance and the confirmation of the new RSI signal. RSI Golden Cross Repeats A key feature of the current setup is the golden cross on the RSI, marked on both the chart and in the accompanying commentary. The same signal emerged in November 2024 and was followed by a significant upward movement. The RSI indicator, which measures momentum, shows the purple line (RSI) crossing above the yellow line (typically the moving average of RSI), signaling a shift from bearish to bullish momentum. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Dark Defender emphasizes that the setup has returned under similar technical conditions, suggesting that the previous pattern could be a precursor to another move toward a higher target. Price Targets and Elliott Wave Structure The chart also presents projected targets based on Elliott Wave Theory , with wave counts labeled from I to V. According to this analysis, XRP is positioned at the beginning of a third wave, traditionally the strongest in Elliott Wave progressions. The initial target is marked at $2.5932, derived from the 161.8% Fibonacci extension. The subsequent target is $4.2838 (361.8% extension), with a final projected move toward $5.8563, representing the 261.8% extension. XRP is currently trading at $2.46. Dark Defender notes that XRP is targeting $3.33 in the short term, with expectations for the price to continue climbing toward the $5.85 target following the RSI confirmation and trendline break. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Foresees a Repeat of November 2024 XRP Golden Cross, Sets Price Target appeared first on Times Tabloid .