XRP has recently captured the attention of the cryptocurrency market with a notable surge, reaching above $2.7 briefly after a strong 9% increase. Despite facing a brief rejection at this level, the digital asset has continued to exhibit solid bullish momentum, prompting analysts to forecast further price movement upward. One of the most vocal supporters of this bullish sentiment is Dark Defender, a seasoned XRP analyst, who has outlined key price levels that could trigger a significant rise, potentially pushing the token toward a price target of $5.85.

Key Support Level: $2.72

According to Dark Defender’s technical analysis, the $2.72 mark is a crucial support level for XRP, playing an essential role in its recent price movement. This level has proven to be a critical bounce point for the cryptocurrency. Dark Defender notes that XRP’s price trajectory has followed the analyst’s predictions closely, with the token achieving the $2.72 target. This validation of the price forecast provides strong support for the idea that XRP could continue its upward trend, assuming it can maintain or surpass this key level.

The breakout from a downward-sloping resistance trendline on the chart, which had been in place since early December, further bolstered the bullish outlook for XRP. After breaking out from this trendline, the price rallied to hit the $2.72 level before facing a short-term decline. This price action suggests that the next crucial levels to monitor are support points that could trigger additional bullish movement if the token consolidates or bounces from these zones.

Critical Support Zones: $2.42 and $2.52

Looking ahead, Dark Defender highlights $2.42 and $2.52 as the next major support levels for XRP. If the price drops to the $2.42 zone and shows signs of rebounding, this could reignite buying pressure and help the cryptocurrency resume its bullish movement. A successful rebound from this level could set XRP on a path toward higher price points, with $2.52 acting as the first significant resistance to overcome.

The analyst warns that the $2.52 level will be a key point to watch. If XRP successfully maintains above this level, it will likely move toward its next resistance target, further reinforcing the ongoing bullish trend. These levels provide a roadmap for XRP’s potential price progression in the short term.

Surge to $5.85

Looking at XRP’s longer-term price outlook, Dark Defender predicts that if the altcoin can break through several critical resistance levels, it could ultimately rise to $5.85. The first step toward this significant surge is breaking above the $2.72 level and then retesting the 2024 high of $2.92. A sustained breakout beyond this point would open the door for XRP to reach levels not seen in over six years. The next major target would be $3.43, XRP’s all-time high, which has stood strong for over seven years.

From there, Dark Defender forecasts that XRP could continue its upward trajectory, with the price moving towards $5.85. This represents an impressive 133% increase from its current trading price of around $2.51, which would push its market capitalization to a staggering $351 billion, significantly higher than its current $144 billion market cap.

Conclusion

XRP’s recent price action highlights its potential for substantial growth. While the token has encountered resistance at key levels, the overall outlook remains optimistic. If XRP can maintain its support levels and break through upcoming resistance zones, it could be poised for a remarkable rise. With key targets like $2.72 and $2.92 acting as significant milestones, the next few months could prove pivotal for XRP’s price trajectory. If the cryptocurrency reaches the long-term target of $5.85, it would mark a major achievement in its journey, making it one of the most exciting assets to monitor in the crypto market.