As a seasoned crypto investor with a keen interest in XRP, I find the analysis from Dark Defender and other respected analysts intriguing. The potential for XRP to replicate its 2017 price gains is an enticing possibility that has been on my radar for quite some time.
Expert’s take: Crypto prognosticator Dark Defender points to a significant signal that might prompt XRP‘s price to mirror its remarkable surge from the 2017 bull market. This prediction aligns with those of other analysts, who believe XRP could replicate its price growth during that period.
How XRP Price Could Replicate 2017 Price Gains
As a researcher, I’ve come across an intriguing claim made by Dark Defender in a recent post on X, formerly known as Twitter. He asserted that the pricing pattern of XRP mirrors its 2014-2017 trend and will likely continue in this fashion unless the $0.3917 “Point of Control” (POC) is effectively safeguarded. This POC signifies a significant price level where a substantial volume of trades have transpired since 2014.
Since XRP has held its current proof of concept (POC) since 2014, there’s a possibility that it could repeat its historic price surge from 2017, which saw a staggering gain of over 61,000% in just 280 days. In another post on the XRP community forum, Dark Defender made a similar observation. He noted that XRP’s current trend mirrors the one he previously identified during the 2013-2017 period. Given this correlation, Dark Defender expressed optimism about reaching prices above $5.85.
As an analyst, I’ve observed that Dark Defender brought up another promising sign for XRP‘s potential price increase. He pointed out that XRP’s daily and weekly Relative Strength Index (RSI) has reached the oversold territory. Furthermore, he mentioned that the monthly RSI is currently at the same level as it was in March 2020 and November 2022.
As a crypto investor, I’ve taken notice of the insights shared by crypto analyst Mikybull Crypto regarding XRP‘s potential price rally. Based on the current trend in XRP’s price action, he believes that we may witness a repetition of the token’s 2017 surge. Should this occur, XRP could reach and even surpass the $4 mark. Mikybull Crypto is optimistic about this possibility due to the prevailing pessimistic sentiment surrounding the crypto token.
As a crypto analyst, I’ve noticed XRP‘s recent price surge and have made a prediction based on my technical analysis. Specifically, using my Full Logarithmic Follow-Through indicator, I believe XRP could experience a remarkable price rally of up to 39,000%, potentially reaching a value of $200. This prediction is supported by historical data and trends observed in the market.
XRP To Still Rise To As High As $18.22
As a crypto investor following Dark Defender’s analysis, I’m excited about his latest prediction for XRP. In his recent post, he anticipates that the cryptocurrency could reach a peak of $18.22 based on the Fibonacci retracement levels and Elliott Wave theory. Specifically, he notes that XRP has touched the most recent Fibonacci support at $0.3917, which also serves as the point of control (POC). With this level holding, potential targets for further growth are set at $1.88, $5.85, and $18.22. However, a dip below $0.3917 could potentially change the structure he’s been observing.
Currently, the cryptocurrency expert expressed optimism about XRP‘s market trend. He pointed out that the token’s weekly Relative Strength Index (RSI) reached its lowest levels, indicating that XRP has been significantly sold down and may be due for a rebound.
Currently, XRP is priced approximately at $0.42 during my writing process. However, there’s been a decline of more than 4% within the previous 24-hour period as per the latest figures from CoinMarketCap.
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2024-07-09 02:10