Dark Defender, a prominent cryptocurrency analyst, has made predictions about the future price of XRP. According to an analysis posted on X (formerly Twitter), the price of XRP is expected to go parabolic in the near future. The analyst identified two support levels at $0.52 and $0.46, and three resistance levels at $0.66, $1.88, and $5.85 for the digital asset.
If XRP manages to break through the $0.66 resistance level, the analyst believes that it could surpass the $1 mark, with the next resistance level being $1.88. This projection suggests a potential price surge of 210.64% if XRP breaks through the $1.88 resistance level, possibly reaching $6.
The analyst’s predictions are based on an examination of XRP’s weekly market trajectory over the past two years. A chart posted by Dark Defender shows similarities between the trends prior to the July surge and the current market conditions, indicating a potential bullish run for XRP between 2024 and 2025.
Other experts in the cryptocurrency space have also expressed optimism about the potential price surge of XRP. In September, Wells Fargo manager Shannon Thorp predicted that XRP could reach as high as $500. Another figure in the crypto community, known as CryptoInsight, has drawn comparisons to the Bitcoin fractal from 2017, speculating that XRP could outperform following a five-year period of consolidation.
Despite facing a lawsuit from the SEC, XRP has shown a significant 13% surge in price over the past week, with a trading volume of $2.3 billion. It is currently trading at $0.55.
With its recent growth, XRP has surpassed leading altcoins such as Solana (SOL) and Chainlink (LINK) in the crypto market.
These predictions and developments indicate a positive outlook for the future price of XRP.
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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