The leading analyst Dark Defender recently shared his optimistic outlook for XRP. This analysis, fueled by shared technical levels and potential Elliott Wave patterns, excited XRP investors due to the bullish future prediction.
Analyst’s XRP Review
At the center of Dark Defender’s analysis is the price level of $0.6649, which he said XRP is retesting. He suggests that if this point, which he believes to be crucial for XRP’s progression, is broken, a significant price movement towards approximately $1 could begin.
Dark Defender’s analysis did not stop there. The analyst, who believes that the XRP price will not be limited to this, predicts that if there is a possible situation, XRP will “Kaboom” and potentially advance to unprecedented levels by surpassing the $1.88 level.
The analyst’s bullish expectation, which he identified with a 5-wave Elliott Wave structure on the monthly chart, suggests a stronger sentiment. If this structure is possibly confirmed, he believes that XRP could reach an incredible level of $18.22 in the short and medium term, delighting investors.
XRP Coin Future According to the Analyst
The community’s comments on Dark Defender’s bullish predictions for XRP were positive. However, according to some users, it does not seem very likely for this prediction to be realized in the near future.
Regarding Dark Defender’s short and medium-term price prediction of $18.22, one user pointed out that it could take years for XRP to reach this price, while another stated that this would not happen before the end of 2025.
Some users who shared similar views stated that they didn’t believe in Dark Defender’s prediction. One user pointed out that XRP has not made a movement different from what it always does and has not gone anywhere fast.
Despite the analysis made by the analyst and even though it is supported by charts, a cautious approach to cryptocurrency investments is of great importance.
Famous member of the XRP community, Bitboy Crypto, recently made a statement revealing his high expectations for XRP, stating that XRP is no different from other altcoins for the next bull run. On the one hand, while the outcome of the ongoing SEC lawsuit is awaited, on the other hand, it is wondered how the halving to take place in 2024 will affect cryptocurrencies. Nevertheless, it seems that how XRP’s future will shape will continue to be a matter of curiosity.
