In the world of cryptocurrency, during the bull season of 2021, Ripple (XRP) had shocked its investors with its performance. While most cryptocurrencies were showing parabolic increases and challenging their previous peaks, XRP had failed to bring a smile to its investors’ faces. Now, as preparations for a new bull season are underway, an analyst has made an assessment for XRP. Let’s look at the details.
Unveiling XRP’s Potential: The Insight of Dark Defender
While the crypto community battles impatience due to the apparent sluggishness of XRP, Dark Defender stepped in to shed light on the underlying dynamics.
Acknowledging the disappointment, Dark Defender reassured the community by emphasizing the importance of patience and pointing out that XRP has historically been a slow-moving cryptocurrency.
Leading Indicators Support XRP’s Rise
Examining technical indicators, Dark Defender pointed out positive signals from indicators such as the Wave Trend and RSI, especially on the monthly time frame. According to the analyst, these indicators are in harmony with an upward trend for XRP and instill confidence in the cryptocurrency’s potential for an upward trajectory.
Dark Defender highlights a critical point for XRP to surpass the $0.6649 barrier. The analyst not only emphasizes the importance of overcoming this level but also maintaining it for at least two consecutive days. This breakthrough is seen as a precursor to XRP’s move towards the second resistance level.
ETFs on the Horizon: A Catalyst for XRP’s Fluctuation
Awaiting the arrival of ETFs (Exchange-Traded Funds), Dark Defender sees a favorable environment for XRP. Asserting that all indicators are ready, Dark Defender expresses optimism by stating that there’s no apparent reason for XRP to underperform in the current climate.
While Dark Defender promises to keep the community informed of any changes and calls for continued patience, it is a reality that crypto investors are experienced from the year 2021. Reminding that XRP historically moves later in the game can serve as a reassuring sign for those eagerly awaiting positive developments.
If even the analyst for the cryptocurrency XRP is advising patience, as the author of these lines, it’s my duty to tell my readers that you should do your own research before investing in Ripple (XRP). Although XRP is particularly strong in terms of community support, we occasionally come across sentences in some comments saying “it becomes neither a village nor a town.” When doing your research, consider past price movements as well.
