Dark Defender Cryptocurrency Analyst Provide an in-depth analysis of XRP Price Action Using the Elliott Wave Theory, in his analysis, the analyst revealed what to expect from the cryptocurrency token and where its price will eventually head.
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XRP Price May Rise to $18 in Its Next Ride
Dark Defender Revealed on X (formerly Twitter) mail XRP is here now The third wave Based on the chart structure he shared, the cryptocurrency is targeting $1.88, $5.85, and $18.22 in this bullish wave. The chart also showed that XRP could reach this price target of $18.22 early next year when the third wave is completed.
The fourth wave, a corrective move, could see XRP drop to $9 from the expected price of $18.22. However, the cryptocurrency will enjoy an upward movement in the fifth wave, as Dark Defender predicts that XRP price will peak at $36.76 When that time comes. XRP holders We may have to wait a while for such a massive rise, as the chart shows that this move will not happen until 2026.
Meanwhile, Dark Defender also offered insights into what to expect from XRP price in the near term. He stated that market participants can “quickly expect” the cryptocurrency to reach $1.03 once it successfully breaks above $0.66. As crypto analyst RLinda put it: mentioned A break above the $0.6 range will open a “new path” for XRP.
Dark Defender added that XRP remaining above 1.03 “represents an extreme bullish zone above the Ichimoku cloud on the monthly timeframe.” The analyst also highlighted the monthly moving average convergence/divergence (MACD) indicator, which he indicated has turned bullish for the coin.
External decisions do not affect the price of XRP
Dark Defender made a bold statement, stating that the price of XRP is not determined by external decisions but by its pattern. He made this statement while addressing the reason for the recent conclusion of the lawsuit between US Securities and Exchange Commission (SEC) Ripple did not affect the token price.
Despite Dark Defender’s claim, it is worth noting that XRP rose more than 18% to $0.6 after Judge Analisa Torres’ rulingwhich ended with the case Between the SEC and RippleHowever, it has since calmed down, as it seems that this price action did not live up to the expectations of many coin holders. Before now, the end of the lawsuit was expected to be one of the catalysts that could easily push the altcoin above $1.
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XRP holders may have to be patient. Cryptocurrency analysts like CrediBULL Crypto Confident The conclusion of the case between the US Securities and Exchange Commission and Ripple has paved the way for XRP to reach a new all-time high (ATH) in This bull is running.
Featured image by Pexels, chart by TradingView