XRP Analyst Sees Bullish Setup, Eyes Targets Up to $36.77

XRP has been gaining attention after a technical analysis by crypto analyst Dark Defender.

The analysis centered on the 100-month exponential moving average (EMA), which has repeatedly acted as dynamic support for XRP during its multi-year legal dispute with the US Securities and Exchange Commission (SEC).

According to Dark Defender, three technical conditions are now met: XRP is above the Ichimoku Cloud, the 100-month EMA is well defended, and the August candle closed above the 50-month EMA.

The analyst emphasizes that these factors together indicate a shift in technical structure and signal that XRP could be on the verge of significant price movement.

XRP's current value is close to $1.36, near the first Fibonacci target of $1.3798.