Crypto analyst Dark Defender recently analyzed the XRP price, suggesting that a massive surge could be on the horizon for the crypto token. Interestingly, the analyst predicts that XRP could rise to as high as $18 when this parabolic move occurs.
How XRP Price Will Rise To $18
Dark Defender stated in an X (formerly Twitter) post that the XRP price could extend toward $18.22 when Wave 3 occurs. He believes that Wave 3 will initially cause XRP’s price to rise to between $1.88 and $5.85 and could then further move to the $18 price level thanks to the Fibonacci levels, “which can extend exponentially.”
He also mentioned that the regular ABC corrective wave had been completed while noting that the only thing that could “spoil the current balance is the expanded Wave C possibility.” The accompanying chart showed that he was referring to how XRP could drop again to $0.3917. A decline to that level could hinder the Wave 3 targets from being actualized.
Source: X
However, Dark Defender claimed that XRP staying above $0.5286 makes this less of a possibility. Meanwhile, the crypto analyst revealed that he will “discuss the Wave 4 possible retrace and Wave 5 completion” when the market hits those Wave 3 targets. He had earlier outlined how Wave 1 and 2 ended at the $0.9327 and $0.4367 price levels, respectively.
Wave 1 occurred in July 2023 when Judge Analisa Torres ruled that XRP wasn’t a security in itself, with the crypto token rising to $0.9 after that. Wave 2, on the other hand, closely followed Wave 1 as XRP lost those gains soon after, dropping to as low as $0.39 in the process.
XRP’s Road To $5 In 90 Days Still In Motion
Crypto analyst Egrag Crypto “confidently” declared in his most recent X post that “April to July is the golden window for XRP Army to make life-changing gains.” While making this statement, he alluded to his previous prediction that XRP would hit $5 in 90 days, suggesting that these were the life-changing gains that they were about to experience.
Moreover, based on his 90-day timeline, XRP was set to hit this price level sometime in April, thereby correlating with his recent statement. Egrag, however, warned that “even the best chart analysts can’t predict where XRP is headed.” As such, he urged XRP investors to remember to sell in portions, implying that they should take profits whenever the opportunity arises.
At the time of writing, the XRP price is trading at around $0.51, up over 1% in the last 24 hours, according to data from CoinMarketCap.
by Scott Matherson via Bitcoinist.com
Comments
Post a Comment