Just caught this interesting XRP technical setup that's got analysts talking. Dark Defender dropped a detailed chart analysis showing three key signals aligning - and if this plays out, we could be looking at a potential new all time high territory.

So here's what caught my eye: XRP's Elliott Wave pattern suggests that brutal correction wave C finally bottomed out around $1.31. The token has been getting hammered since it peaked at $3.65, but the analyst is pointing to a triangle breakout on the charts plus an RSI bullish crossover at oversold levels. Basically saying the worst might be behind us.

The price action has been bouncing off support around that level, and now it's broken above the resistance line that was capping it for months. Current price is sitting around $1.43, up about 2% in the last 24 hours. If this reversal thesis is correct, the upside targets get pretty spicy - first resistance at $1.66 (roughly 27% from here), then $1.88, and the longer-term all time high target they're eyeing is around $5.85. That would be a 350%+ move from current levels, which obviously sounds wild but that's what the technical setup is suggesting.

Not saying it's guaranteed, but the alignment of these technicals does look worth watching. The key is whether XRP can hold above that breakout level and continue rallying toward a new all time high. We'll see if this actually develops into the bullish impulse wave they're projecting or if it fades.