XRP’s price has been on a tear lately! It recently jumped over $2.70, although it didn’t stay there long. But the overall trend is still looking pretty bullish.
The $2.72 Breakout
Crypto analyst Dark Defender, a known XRP bull, thinks this recent price action is a big deal. He correctly predicted XRP hitting $2.72 a couple of days before it happened. He sees this as confirmation of his bullish outlook. This $2.72 level was a key support point, and breaking through it on December 15th (after breaking a downward trendline) is a significant event.
Key Support Levels to Watch
Even after the quick dip from $2.72, Defender points to $2.42 and $2.52 as important support levels. If XRP bounces off $2.42, he believes another big upward move is likely.
The Path to $5.85
Defender’s prediction? A climb to $5.85! But it’s not a straight shot. First, XRP needs to break above $2.72 and then retest its 2024 high of $2.92. Breaking $2.92 would be huge – a new high in over six years!
From there, he sees a move to $3.43 (its all-time high, standing for over seven years), before the final push to $5.85. That would be a massive 133% price increase, boosting its market cap from around $144 billion to a whopping $351 billion.
Current Status
Currently, XRP is trading around $2.51. Will it follow Defender’s prediction? Only time will tell. But the recent price action and his analysis suggest a potentially exciting future for XRP.
