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The cryptocurrency market continues its upward trend that started recently. Especially in the past hours, news about when spot Ethereum ETFs will begin has affected the entire market. This situation has also positively impacted XRP, which has been experiencing significant stagnation recently. In this context, a well-known figure for optimistic predictions about XRP has shared a new opinion.
Analyst’s XRP Comment
Dark Defender, known for his analyses on XRP, has once again shared his views and expressed his expectation of a rise in XRP, providing his insights on the market.
In a statement made on July 14, he pointed to the upward indicator presented by XRP. The analyst highlighted the upward signals from the market, suggesting that these signals could trigger a rise in the coming weeks.
One of the critical points in Dark Defender’s analysis was the breaking of the existing resistance at $0.4623. This break was significant as it triggered an upward movement. According to the analyst, closing above the already surpassed resistance level of $0.53 is of great importance.
In his analysis, the analyst also indicated that XRP could test the resistance level of $0.6044, referred to as the “Stairway to Heaven” this week.
It is crucial not to underestimate the main fundamental level of $0.6649 for XRP. Above this, we can expect multiple God Candles to open the way to the Stairway to Heaven.
How Much Is 1 XRP?
XRP has responded well to the small-scale price frenzy in the market. The price movements in the last 24 hours have also pleased investors. Although the XRP price has only risen by 1% in the last 24 hours, the over 25% increase in the last 7 days has brought the price to $0.5345.
XRP’s market cap has returned to just below $30 billion, while its trading volume lagged behind the market, reaching $1.78 billion after only a 0.60% increase. Whether XRP, which has a calm appearance compared to its competitors today, will rise to $1 again remains a topic of curiosity.
