Crypto analyst Dark Defender set a new short-term price target for XRP, predicting the cryptocurrency could reach $1.88 to $2 within two days. He based his projection on a chart pattern from November 13, 2024, noting a similar setup to the conditions that sparked a 500% surge in XRP during that month.
Market momentum and historical parallels
XRP began last week trading below $1, continuing a decline that had persisted since 2025. Early in the week, however, the trading environment shifted quickly after the U.S. Treasury announced plans to double its long-term bond buybacks starting September 9.
This policy move triggered significant gains in Bitcoin and boosted wider crypto market sentiment. XRP rode this momentum and posted stronger advances than Bitcoin over subsequent days.
XRP could reach $1.88 to $2 within two days if it follows the November 2024 chart pattern observed previously.
Key events in Washington influence sentiment
Following the Treasury announcement, President Donald Trump hosted several high-profile crypto industry leaders at the White House. Ripple CEO Brad Garlinghouse, Coinbase CEO Brian Armstrong, and executives from Robinhood were present, alongside key regulators like SEC Chair Paul Atkins and CFTC Chair Michael Selig. Ripple is a blockchain-based payments company known for the XRP token.
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AAPLDuring the same week, the US Securities and Exchange Commission proposed a new framework for crypto regulation. This structure features two exemption mechanisms for fundraising and a safe harbor provision. Under the safe harbor, digital tokens can move out of securities classification once their blockchains are operating independently.
CFTC Chair Michael Selig stated that the Commodity Futures Trading Commission will proceed with formal crypto market rules regardless of the CLARITY Act’s outcome in the Senate on September 15. XRP reached $1.68 by the end of the rally before pulling back to $1.48.
Mini dictionary: The CLARITY Act is draft U.S. legislation designed to provide regulatory certainty for digital asset markets and clarify whether certain crypto tokens should be classified as securities or commodities.
Community reaction and skepticism
The crypto community provided varied reactions to Dark Defender’s price forecast. Some praised his analysis and encouraged him to continue posting, expressing concern after he declared he would cease activity on X (Twitter) until his verified status was restored. Others appealed directly to Elon Musk, hoping his blue check mark would be reinstated to restore visibility to his updates.
Many community members remain optimistic, with one stating he has held his XRP position for three years and is prepared to wait longer. Another interpreted the current rally as likely to continue at least until the Senate addresses the CLARITY Act, predicting additional gains if the legislation is approved.
However, more skeptical voices pointed out that relying strictly on past chart patterns may overlook changes in the market structure. One cited the shifting Binance Top Trader ratio and the rise of algorithmic trading as evidence that the landscape for XRP has evolved considerably, casting doubt on the accuracy of historical analogies. Others dismissed the forecast outright, noting that past projections often missed the mark before eventually aligning with price action.
Some observers cautioned that algorithmic trading and changing market dynamics have made past chart patterns less reliable for predicting future price moves.
