Featured image created with DALL\u00b7E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Dark Defender (@DefendDark) has updated his 108,000 followers on X about the XRP\/USD market outlook with a 3-monthly chart. In his latest analysis, he points to an imminent major price movement before the end of this quarter, in other words by the end of September. XRP Price On The Verge Of Ultimate Breakout The chart shared by Dark Defender illustrates a symmetrical triangle pattern, a typical continuation formation where converging support and resistance lines suggest decreasing market volatility and potential for a significant breakout. This pattern is formed by the convergence of a downward-sloping resistance line and an upward-sloping support line. In XRP’s case, the candles are compressing toward the apex of the triangle, suggesting that volatility is decreasing as the market consensus builds strength. This setup is crucial as it implies that the price could make a substantial move once it breaks out of the triangle, either upward or downward. Related Reading: Shiba Inu, XRP Forming Bullish Divergence, Analytics Firm Reveals The chart labels the downward sloping trendline as ‘Ultimate Resistance’. This line represents a psychological or historically significant price level that XRP has struggled to surpass in previous rallies. On the contrary, the upwards trending line marks the ‘Ultimate Support’. Notably, the XRP price has already dipped below this support line in July, but managed to find support at the 23.60% Fibonacci retracement level at $0.3917. The XRP is now heading north. At the time the chart was created, the price was already slightly above the trend line. However, this does not mean anything yet; a candle close at the end of the quarter, on September 30, 2024, will be the ultimate challenge. If the XRP price closes above the trendline, the way would be clear for Dark Defender’s extremely bullish price targets. Price Targets The 70.20% mark at $0.6649 is posited as an immediate resistance in an upward journey. A breach above this point could confirm the bullish sentiment. Moreover, it could validate the \u201cultimate breakout\u201d from the multi-year trend. Related Reading: Wall Street Expert Sees 20x Potential In Ripple Via XRP And IPO The 100.00% level at $0.9327 represents a full retracement of previous decline which started in July last year after the summary judgment in the Ripple vs. the US Securities and Exchange Commission (SEC) case was made. Further extending into bullish territory, the 161.80% level at $1.8817 offers a mid-range target for a post-breakout rally, suggesting a substantial upside potential if the momentum continues. According to the Dark Defender\u2019s analysis, the 261.80% level at $5.8579 outlines a more aggressive bullish outlook, marking a scenario where market fundamentals and investor sentiment align to drive prices significantly higher. Finally, the 361.80% level at $18.2364 represents the ‘ultimate breakout’ target, a highly optimistic projection that would require a major shift in market dynamics, potentially driven by impactful macro economic trends and the news from the Ripple and XRP ecosystem. At press time, XRP traded at $0.5989. Featured image created with DALL\u00b7E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":632181,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89561],"tags":[4531,83637,13172,16289,15573,78763],"class_list":["post-632180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrp-technical-analysis","tag-xrpusdt"],"acf":[],"yoast_head":"\n
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Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Poised For ‘Ultimate Breakout’ With $18 Price Target: Crypto Analyst","url":"http:\/\/uniquehot.com\/xrp-news\/xrp-price-ultimate-breakout-18-target-crypto-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/xrp-news\/xrp-price-ultimate-breakout-18-target-crypto-analyst\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-30-08.37.59-A-wide-format-image-featuring-the-official-Ripple-XRP-logo-designed-with-its-precise-and-official-colors-of-blue-and-silver.-The-logo-is-prominentl.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-30-08.37.59-A-wide-format-image-featuring-the-official-Ripple-XRP-logo-designed-with-its-precise-and-official-colors-of-blue-and-silver.-The-logo-is-prominentl.png?fit=1534%2C905"},"articleSection":"XRP News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["xrp","xrp news","xrp price","xrp price prediction","xrp technical analysis","xrpusdt"],"dateCreated":"2024-07-30T07:30:14Z","datePublished":"2024-07-30T07:30:14Z","dateModified":"2024-07-30T07:30:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Poised For ‘Ultimate Breakout’ With $18 Price Target: Crypto Analyst\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/xrp-news\\\/xrp-price-ultimate-breakout-18-target-crypto-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/xrp-news\\\/xrp-price-ultimate-breakout-18-target-crypto-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/DALL\\u00b7E-2024-07-30-08.37.59-A-wide-format-image-featuring-the-official-Ripple-XRP-logo-designed-with-its-precise-and-official-colors-of-blue-and-silver.-The-logo-is-prominentl.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/DALL\\u00b7E-2024-07-30-08.37.59-A-wide-format-image-featuring-the-official-Ripple-XRP-logo-designed-with-its-precise-and-official-colors-of-blue-and-silver.-The-logo-is-prominentl.png?fit=1534%2C905\"},\"articleSection\":\"XRP News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"xrp\",\"xrp news\",\"xrp price\",\"xrp price prediction\",\"xrp technical analysis\",\"xrpusdt\"],\"dateCreated\":\"2024-07-30T07:30:14Z\",\"datePublished\":\"2024-07-30T07:30:14Z\",\"dateModified\":\"2024-07-30T07:30:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-30-08.37.59-A-wide-format-image-featuring-the-official-Ripple-XRP-logo-designed-with-its-precise-and-official-colors-of-blue-and-silver.-The-logo-is-prominentl.png?fit=1534%2C905","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/632180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=632180"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/632180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/632181"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=632180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=632180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=632180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"XRP](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GTpAD07XMAAHo4C.jpg?resize=3005%2C1816\")
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