A crypto analyst, Dark Defender, is predicting big things for XRP. They believe the cryptocurrency is poised for significant gains.
Short-Term Targets: $2.75 and Beyond
XRP has recently shown some upward momentum, briefly hitting $2.56. While it faced resistance and dipped, it found support around $2.36 and started climbing again. Dark Defender sees this as a positive sign, suggesting XRP is breaking through resistance. They predict XRP will reach $2.75 relatively easily, with a further target of $5.85. The analyst acknowledges potential difficulty around $2.55, a level where XRP was previously rejected. Despite this, Dark Defender remains bullish, stating simply that XRP “looks excellent.”
Long-Term Potential: Reaching Three Digits?
Dark Defender’s optimistic outlook extends far beyond $5.85. Using complex technical analysis like exponential Fibonacci levels and Elliott Wave theory, they’ve outlined a much more ambitious long-term projection. They believe the idea that XRP can’t go above $10 is wrong. Their analysis suggests that, based on current wave patterns and other factors, XRP could potentially reach $77.7, and even beyond into the triple digits! This prediction relies on several factors aligning perfectly, including sustained volume, RSI behavior, and historical patterns. A key support level to watch is $2.3951. Staying above this level could trigger a run to $8, potentially leading to a price range between $18 and $23.
Current Price and Conclusion
At the time of writing, XRP is trading at $2.42. Dark Defender’s analysis paints a very bullish picture for XRP, suggesting significant potential for growth in both the short and long term. However, it’s important to remember that these are predictions and the cryptocurrency market is inherently volatile.
