XRP has continued its upward trend by surpassing BNB, becoming the fifth largest cryptocurrency by market capitalization. In light of this development, crypto analyst Dark Defender has made predictions regarding the future price levels of XRP.
XRP’s Target of $3.4 and All-Time High
Dark Defender predicts that XRP could reach $3.4176, targeting its all-time high of $3.84 in the near future. The analyst noted that XRP successfully broke through the critical resistance level of $1.44 and tested the $1.63 level thereafter.
Following this successful test, Dark Defender expressed that XRP might touch one of its main Fibonacci levels at $1.88. He advised market participants to closely monitor the $3.41 level, suggesting that the cryptocurrency may continue to rise after reaching this Fibonacci level.
Future Prospects of XRP
In another post, Dark Defender emphasized the possibility of XRP surpassing Solana $240. Currently trading around $244, Solana has a market capitalization of $115 billion, while XRP stands at approximately $96 billion.
If XRP rises to $3.4, its market capitalization could reach $193 billion, enhancing its potential to surpass Solana. However, this situation may vary depending on how much Solana increases during that period. Another analyst, CrediBULL Crypto, provided a more optimistic viewpoint, stating that XRP wants to reclaim its position among the “top 3.”
Dark Defender highlighted that the upward trend for XRP won’t stop here, suggesting it could reach $11.3. He also predicts that XRP might reach $18 by 2024, noting key support levels at $1.44, $1.28, $1.14, and $1.03, stressing the importance of XRP remaining above these levels.
XRP’s rise to surpass BNB is regarded as a significant development in the cryptocurrency market. It was emphasized that the dynamics of the crypto market can change rapidly, recalling XRP’s prior position above Ethereum $3,695 before the Ripple $2 SEC lawsuit.
As crypto investors closely monitor XRP’s future performance, it is noted that market conditions and support levels play crucial roles in determining the cryptocurrency’s value. Should the upward trend continue, XRP is expected to climb higher in market capitalization.
- XRP surpassed BNB, rising to the fifth position.
- Analysts predict XRP could reach the $3.4 target.
- XRP has the potential to surpass Solana in the future.