As a seasoned crypto investor with over a decade of experience in the digital asset market, I find the recent predictions about XRP by Dark Defender and CasiTrades quite intriguing. While I’ve seen my fair share of bullish calls that didn’t pan out, these analysts seem to have done their homework.
Crypto analyst Dark Defender has predicted that the XRP price could soon rally to as high as $5. The analyst further revealed what needs to happen in the short term for XRP to reach this target, which would mark a new all-time high (ATH) for the crypto.
XRP Price To Reach $5
In a recent post, Dark Defender foretold that the price of XRP might surge towards $5. This projection was made after he disclosed that XRP is almost done with the ABC corrective wave pattern in the daily time frame. The crypto expert opines that for this upward trend to materialize, XRP must first break past the significant resistance at $2.52.
According to Dark Defender’s forecast, XRP is likely to surpass its current resistance level within the next 24 hours, potentially leading the way to approximately $5.85. The crypto analyst then speculates that XRP might continue to climb and possibly reach a peak of around $18.22 in this market cycle, which could be the highest point for the price of XRP in this particular phase.
According to his Elliot Wave theory forecast, it was projected that the price of XRP might hit a certain target. Previously, he indicated that by mid-2025, the value of XRP could potentially reach around $18.
It is worth mentioning that XRP also boasts bullish fundamentals. Ripple Labs just secured NYDFS approval for the RLUSD stablecoin, which will launch soon. This launch will inject more liquidity into the XRP ecosystem and could boost the crypto’s price.
In light of speculation, it’s possible that the new Securities and Exchange Commission (SEC) leadership under Paul Atkins might decide not to pursue the ongoing legal action against Ripple. If this were to happen, it could significantly benefit XRP as the lawsuit has had a detrimental effect on its price.
Meanwhile, it is worth mentioning that XRP whales have been actively accumulating the crypto. CoinGape reported that Ripple Whales acquired 100 million coins amid the recent price dip.
A Big Move Could Be Coming
In a recent analysis on X, digital currency expert CasiTrades expressed optimism about the potential rise in XRP’s value, predicting a significant surge may be imminent. According to her assessment, XRP has demonstrated resilience by rebounding from a key support level of approximately .382.
After examining and confirming the .382 support, CasiTrades suggested that the price of XRP could potentially reach $3.46 next, stating that this advance would be significant since surpassing the current all-time high (ATH) is crucial. She also warned that if XRP fails to break its ATH, there’s a possibility it might create resistance instead of continuing upward momentum.
Read More
- FIS PREDICTION. FIS cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- EUR CAD PREDICTION
- XRP PREDICTION. XRP cryptocurrency
- EUR ARS PREDICTION
- OSRS: Best Tasks to Block
- Tips For Running A Gothic Horror Campaign In D&D
- ULTIMA PREDICTION. ULTIMA cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- INR RUB PREDICTION
2024-12-12 00:47