XRP “Silent Candle”: Analyst Explains the Significance

Crypto analyst Dark Defender has released a detailed technical analysis of XRP’s current price behavior, highlighting an unusual daily candle pattern that he refers to as “A Silent Candle.” In his tweet, Dark Defender emphasizes that in his years of analyzing XRP, he has rarely encountered a daily candle of this nature. According to him, the candle appears almost static, suggesting there was minimal price movement throughout the trading day. He describes it as “just a scratch” sitting directly under a key daily resistance level. The chart shared in his analysis shows XRP testing a major descending resistance line, represented by an orange trendline. The candle, which reflects very low volatility, sits precisely below this resistance. It indicates a moment of uncertainty in the market, as buyers and sellers seem to have reached a temporary equilibrium. I have been analysing #XRP for years. Have you ever seen this type of daily candle before? It is almost as if it has never moved today. Just a scratch, under daily resistance. I call this “A Silent Candle”! pic.twitter.com/lGCAPlyEjG — Dark Defender (@DefendDark) June 29, 2025 Key Technical Indicators and Market Position Dark Defender’s chart contains several technical components, including the Ichimoku Cloud, Fibonacci retracement levels, and Relative Strength Index (RSI). The Ichimoku Cloud, which often serves as a dynamic support and resistance indicator, shows that XRP is approaching a dense resistance area. The chart highlights the 61.8% Fibonacci retracement level at $2.1958, which aligns closely with the current price action. Above this level, further resistance is visible near the 70.2% retracement at $2.2895. The RSI at the bottom of the chart indicates a consolidation pattern as it flattens near a descending trendline. This setup suggests that momentum is neutral at the moment, awaiting a breakout in either direction. A green circle on the RSI highlights this key technical point, while another green circle around the price candle indicates the importance of this current consolidation zone. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP Community Sentiment and Price Predictions Other market participants have also weighed in on the analysis. An X user named Eric commented on Dark Defender’s tweet, suggesting that the observed price behavior is influenced by large holders who are preparing for a significant event. Eric predicts that XRP will reach $2.35 by Friday and rise to $5 by the end of July. This sentiment aligns with the technical view that XRP is on the verge of testing a major resistance level, which could lead to a breakout if successfully surpassed. Another user, CryptoTiger 589, says XRP’s trading volume has dropped compared to previous days. According to him, the price has been moving within a very narrow range over the last day or two. He describes the current phase as “the calm before the storm,” implying that a significant move could be imminent. Conclusion Based on Current Analysis Dark Defender’s identification of the “Silent Candle” under major daily resistance underscores a crucial moment for XRP. The confluence of resistance levels, including the Fibonacci retracement zones, the Ichimoku Cloud, and the descending trendline, all suggests that the asset is at a pivotal point. If the price manages to break above the highlighted resistance, the bullish predictions offered by community members could become more plausible. On the other hand, failure to break this resistance could result in a pullback toward lower Fibonacci support levels. The analysis provided by Dark Defender reflects a cautious but highly observant approach to XRP’s short-term market behavior. It remains to be seen whether this “Silent Candle” will precede a significant price movement or continue the pattern of consolidation witnessed in recent days. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP “Silent Candle”: Analyst Explains the Significance appeared first on Times Tabloid .

Source: TimesTabloid