As a seasoned crypto investor with a knack for spotting promising trends and a keen eye for market analysis, I find myself intrigued by Dark Defender’s latest predictions about XRP. Having been in this game since the early days of Bitcoin, I’ve seen my fair share of bullish momentum turning into bearish crashes, but with XRP, there seems to be a different story unfolding.
Currently, the value of XRP is surging due to its bullish trend, which has led it to overtake BNB and claim the fifth-largest spot among cryptocurrencies in terms of market capitalization. In light of these events, analyst Dark Defender has shared his predictions about potential price targets for XRP as this bullish trend persists further.
XRP Price To Reach $3.4 Next As It Eyes ATH
In a recent post on social media, crypto expert Dark Defender speculates that the price of XRP might climb to approximately $3.4176 in the near future, potentially hitting its previous record high ($3.84). This forecast is based on the analyst’s observation that XRP surpassed a significant resistance level at $1.44 and subsequently tested $1.63 after this breakout, suggesting continued upward momentum.
After the successful retrial, Dark Defender noted that XRP might reach one of the significant Fibonacci levels, specifically $1.88. Furthermore, he suggested that investors should monitor $3.41 as a potential new target, as the cryptocurrency could surge to this point once it hits the Fib level.
According to the analyst’s accompanying chart, there’s a possibility that the price of XRP could surge to around $3.41 by December. Additionally, the crypto might even surpass its current all-time high (ATH) next month, as Dark Defender has indicated that $5.85 is a potential target for XRP to watch out for.
It’s worth noting that the crypto analyst is not believing the XRP rally will end at its current point. Instead, he’s pointed out a potential new target of $11.3 for the cryptocurrency during this bull run. According to Dark Defender’s projection, reaching $11 might still be an underestimation as he anticipates XRP could climb up to $18 by next year, based on the Elliot Wave theory.
$1.44, $1.28, $1.14, and $1.03. For Ripple (XRP) to continue its upward trend, it should stay above these levels. Interestingly, XRP has moved ahead of Binance Coin (BNB), placing itself as the fifth-largest cryptocurrency by market capitalization.
Is Solana The Next?
In another post, Dark Defender proposed that XRP might surpass Solana in value as the price of XRP continues to rise. At present, Solana’s price stands roughly at $244 with a total market capitalization of about $115 billion. On the other hand, XRP currently has a market cap of approximately $96 billion.
If XRP’s price increases to $3.4, it would result in a market capitalization of approximately $193 billion, potentially allowing XRP to surpass Solana (SOL) in rank. However, this is contingent on the height SOL reaches during that timeframe. Crypto expert CrediBULL Crypto has also suggested a more optimistic perspective for XRP, asserting that it aims to regain its position among the top 3 cryptocurrencies.
In simpler terms, it’s possible that the value of XRP could surpass Solana and Tether to rank as the third-largest cryptocurrency by market capitalization. Notably, prior to the Ripple vs. SEC legal battle starting in 2020, XRP had even held a higher position than Ethereum.
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2024-11-29 20:40