XRP Targets $2.22 Resistance Amid Bullish Technical Signals

Popular crypto analyst Dark Defender has identified a potential short-term breakout scenario for XRP, highlighting key resistance and support levels to watch. According to his analysis, XRP is nearing a long-term daily resistance level that has previously rejected upward movements. The analyst suggests that XRP could attempt a move toward $2.12 to $2.2 shortly, as it progresses within the fourth wave of its current Elliott Wave structure.

Dark Defender's chart analysis shows XRP forming multiple consistent RSI dips over recent months, which correspond to price bottoms. The most recent dip fell below support at $1.8815, marking the 161.8% Fibonacci extension level. However, the asset’s price did not stay down, trading near $2.2199 at the time of the analysis. The asset is now trading at $2.11 after another dip below the $2.2 resistance level. Despite the dip, the asset has remained above the $2.04 resistance, suggesting a rebound could come soon.

The technical setup indicates that a breakthrough above the descending trendline, which has acted as resistance since late 2023, could initiate a significant rally. Dark Defender highlighted $2.22 and $2.55 as crucial resistance levels to watch. The chart illustrates a potential path where, upon clearing this zone, XRP could surge rapidly toward $2.85 and potentially $5.85 over time. Notably, Dark Defender has continuously reiterated the $5.85 target and believes the asset will soon rise to this new all-time high.

The RSI indicator has been highlighted as a key factor, with Dark Defender marking a series of consistent dips in RSI followed by price rebounds. This pattern adds credibility to the latest price bounce and suggests renewed momentum building as the market approaches this key technical point. The analysis also suggests XRP is still within wave 4 of its broader Elliott Wave count, meaning further upside could follow if the wave structure completes as expected. On the chart, Dark Defender advised followers to monitor the $2.222 level closely, adding that the next moves would depend on how XRP behaves around this resistance.

XRP’s ability to close above the trendline and confirm strength above $2.222 will likely determine its short-term direction. While the asset has failed to rise with positive news developments, a daily close beyond the outlined level would challenge the longer-term downtrend and potentially shift market sentiment, paving the way toward higher targets identified by Dark Defender.

Top crypto analyst Ali Martinez recently shared a technical analysis indicating that XRP is currently trading within an ascending triangle pattern. This pattern suggests a potential breakout if the price can surpass key resistance levels. Martinez's analysis highlights that XRP is consolidating between $2.10 and $2.15, signaling short-term indecision among traders. If bullish momentum resumes, a break above $2.18 could trigger a significant upward movement, potentially pushing the price towards $2.25 or even higher in the short term.

The current price of XRP is holding strong above the $2.06 level, which has given traders renewed confidence in its short-term outlook. This stability is supported by steady demand from both retail and institutional investors, who see XRP as a reliable asset for global payments. The asset's ability to maintain this level indicates a solid foundation for future growth.

Prominent crypto YouTuber and investor Austin Hilton has shared insights on becoming an XRP millionaire. Hilton emphasizes the importance of understanding one's investment cost basis and the strategy of buying more XRP over time. He advises investors to know exactly how much XRP they own and at what price they acquired it. This knowledge is crucial for determining potential profits as the price of XRP rises. Hilton's strategy involves consistent buying, which allows investors to take advantage of dollar-cost averaging (DCA). This approach mitigates the risk of market volatility by investing at different price points, lowering the overall cost per token and positioning investors to benefit from long-term price appreciation.

Hilton also highlights the power of time in investing. He believes that the real trick to becoming an XRP millionaire is patience. While investing is vital, Hilton stresses that holding onto XRP for the long term is essential. He points to previous instances of massive growth in XRP, such as the over 500% increase in the last quarter of 2024, suggesting that similar gains could occur again. For those holding enough tokens, waiting for XRP to reach higher price levels, such as $100 or $200, could ultimately make them millionaires. Hilton's message is clear: to become an XRP millionaire, one must focus on building a solid investment strategy, stay consistent, and trust the process. Success in crypto comes from having a strategy, staying consistent, and being patient.