{"id":36141,"date":"2025-06-20T11:44:23","date_gmt":"2025-06-20T11:44:23","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=36141"},"modified":"2025-06-20T11:44:23","modified_gmt":"2025-06-20T11:44:23","slug":"xrp-aims-for-3-61-in-the-short-run-as-cup-formation-heats-up","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/xrp-aims-for-3-61-in-the-short-run-as-cup-formation-heats-up\/","title":{"rendered":"XRP Aims for $3.61 in the Short Run as Cup Formation Heats Up"},"content":{"rendered":"\n

Currently, the price of XRP remains subdued in the wake of the recent cryptocurrency market downturn, falling below the crucial level of $2.2. This dip has broken through several support levels, with only the $2 mark standing firm against the bearish pressure. Despite this, recent developments on the XRP price chart indicate potential bullish movements. Analyst Dark Defender has highlighted various formations that suggest a possible upward trajectory for XRP in a recent post on social media.<\/p>\n

<\/span>Prospects of XRP Reaching $3.61<\/span><\/h2>\n

In his analysis shared on Twitter<\/a>, Dark Defender points out that multiple technical indicators are signaling a bullish trend for XRP. According to him, the current pressure keeping the price down is on the verge of dissipating.<\/p>\n

This pressure is particularly pronounced near the $2.1 mark, where the price has stabilized without further declines, and support continues to build. Clearing this level could set the stage for a significant upward movement.<\/p>\n

Moreover, the strength of the trend lines and the proximity to key Fibonacci levels and the Cup Surface all suggest that this area is pivotal for future price action.<\/p>\n

Dark Defender also noted that XRP’s moving averages are narrowing, which heightens the potential for a breakout. As these indicators converge, a significant price increase could be on the horizon.<\/p>\n

In light of the bullish indicators emerging, the analyst suggested two potential price targets. The first is a modest increase of 5% towards $2.22, which represents a significant resistance level. If this threshold is successfully surpassed, it paves the way for a more ambitious target of $3.61, reflecting a 50% increase.<\/p>\n

<\/p>\n

<\/span>Community Calls for Regulatory Clarity<\/span><\/h2>\n

While bullish signals are emerging, the XRP market remains constrained by ongoing legal battles, notably the Ripple-SEC lawsuit. Community member and crypto analyst Jaydee conducted a poll<\/a> to gauge sentiment on what might catalyze the next bullish phase.<\/p>\n

The results revealed that 44.3% of participants believe that obtaining regulatory clarity and resolving the SEC lawsuit will be crucial in driving price growth. Other contributions to this bullish outlook included technical analysis at 34.3%, partnerships and adoption at 11.5%, while the Ripple IPO garnered 9.9% support.<\/p>\n

\"XRP<\/p>\n","protected":false},"excerpt":{"rendered":"

Currently, the price of XRP remains subdued in the wake of the recent cryptocurrency market downturn, falling below the crucial level of $2.2. This dip has broken through several support levels, with only the $2 mark standing firm against the bearish pressure. Despite this, recent developments on the XRP price chart indicate potential bullish movements. […]<\/p>\n","protected":false},"author":14,"featured_media":36142,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"XRP Aims for $3.61 in the Short Run as Cup Formation Heats Up - Bitrabo","description":"Currently, the price of XRP remains subdued in the wake of the recent cryptocurrency market downturn, falling below the crucial level of $2.2. This dip has brok"},"footnotes":""},"categories":[316],"tags":[11854,1634,467,2855,480,4054,1899,517],"class_list":["post-36141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-cup","tag-hot","tag-price","tag-short","tag-targets","tag-term","tag-turns","tag-xrp"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/36141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=36141"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/36141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/36142"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=36141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=36141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=36141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}