A crypto market expert, possibly sipping Pan Galactic Gargle Blasters while charting the cosmos (or, you know, crypto charts), has sent ripples (pun intended) through the sector. Dark Defender, a name that inspires either fear or mild amusement, depending on your portfolio, has predicted XRP will hit $8.
This, apparently, is due to the tantalizing possibility of an XRP ETF and Ripple doing that IPO thing everyone’s been whispering about. Traders and investors, those eternally optimistic souls, are clinging to this prediction like a barnacle to a spaceship. Good luck with that. 🤞
Market Expert Predicts XRP Price To $8 Despite Turbulence
Currently, XRP is dawdling around the $2.35 mark, having experienced a 4% wobble in the last 24 hours. It briefly dipped to $2.33, possibly to contemplate the meaning of life, the universe, and everything. The weekly chart reveals a 6% dip, which, in crypto terms, is basically Tuesday. But fear not! (Or do fear, it’s your call). Experts, those beings of infinite wisdom and occasionally terrible predictions, believe it can rally.
According to an X post (formerly known as Twitter, before someone had a marketing-induced existential crisis) by Dark Defender on March 27th, XRP is aiming for $5.85 and then, gasp, $8.076! The analyst, armed with a 3-month time frame chart, claims to see bullishness. It’s probably there. Somewhere. Maybe.
Apparently, looking at January, February, and March (those months that stubbornly refuse to go away), reveals a 3-month candle that will close by the end of the month. “When you zoom out, you can see a clear bullish momentum,” the analyst declared. Which is either incredibly insightful or a masterful application of confirmation bias. 🤔
For those of you who haven’t memorized the sacred texts of technical analysis, longer time frames are used to assess the overall trend, while shorter ones are for short-term trading. So, Dark Defender, after gazing into the abyss of a 3-month chart, believes XRP is heading for $8. Make of that what you will. 🤷
Can $8 Prediction Come True? Ripple IPO & XRP ETF Odds Spark Optimism
Adding fuel to the speculative fire is the possibility of a Ripple IPO. Following a lawsuit settlement that probably involved more lawyers than anyone cares to think about, the market is now buzzing about an IPO. CoinGape (that’s us!) reported that, although there’s no official announcement, experts (again!) reckon it could happen in the next 12 to 18 months. Time, as they say, is relative.
And if that wasn’t enough excitement, there’s also the prospect of a Ripple ETF. Recent data suggests an 85% chance of approval by 2025. Which, in the grand scheme of the universe, is practically tomorrow.
Unsurprisingly, market sentiments are, shall we say, optimistic. The RLUSD stablecoin hype is also contributing to the general air of, well, hype.
XRP Derivatives Market Overview
Meanwhile, data indicates that XRP futures OI has risen dramatically. This suggests renewed market interest, or perhaps just a collective case of FOMO (Fear Of Missing Out). It’s hard to tell sometimes. 😅
The coin’s derivatives volume is also up, reaching a staggering sum. Overall, market watchers remain bullish on XRP’s long-term prospects. Whether that bullishness is justified, only time (and a healthy dose of luck) will tell. 🙃
Read More
- Devil May Cry Netflix: Season 1 Episodes Ranked
- Mr. Ring-a-Ding: Doctor Who’s Most Memorable Villain in Years
- You’re Going to Lose It When You See the Next Love and Deepspace Banner!
- Top 8 UFC 5 Perks Every Fighter Should Use
- How to Get the Cataclysm Armor & Weapons in Oblivion Remastered Deluxe Edition
- Nine Sols: 6 Best Jin Farming Methods
- Prestige Perks in Space Marine 2: A Grind That Could Backfire
- Get Ready for ‘Displacement’: The Brutal New Horror Game That Will Haunt Your Dreams!
- Choose Your Fate in Avowed: Lödwyn’s Ruins or Ryngrim’s Adra?
- Unlock Roslit Bay’s Bestiary: Fisch Fishing Guide
2025-03-27 16:58