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Cryptographic analyzer Dark Defender It revealed a target to watch out for as XRP price targets a new all-time high (ATH). The analyst made this prediction based on his wave analysis, which showed that XRP remains bullish.
XRP price reaches a new ATH at $5.85
in Share XDark Defender predicted that XRP price could reach a new ATH of $5.85 based on ABC wave analysis. The analyst stated that XRP set wave ABC when the cryptocurrency was at wave A. He also noted that XRP rebounded from wave A. Support level is $1.88.
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With this development, the analyst is confident that the rise in XRP prices to $5.85 has begun. The analyst recently revealed that A Taurus flag It appeared on the weekly chart of XRP, which showed that the cryptocurrency could reach $11 by early 2025. Based on his Elliot Wave theory, the analyst also previously predicted that the market high of XRP could reach around $18.
In the meantime, the goal is for XRP to exceed the current ATH price of $3.80 and reach $5.85, Dark Defender predicted. XRP has seen a price correction after its parabolic rise of more than 200% last month. However, cryptocurrencies look well poised for the next step higher.
From a fundamental perspective, the price of XRP has a bullish outlook, especially after New York approval From the stablecoin RLUSD. Ripple CEO Brad Garlinghouse confirmed that exchange and partner listings are set to follow and that RLUSD will launch soon. This development caused the price to rise significantly.
Meanwhile, cryptoanalyst TheXRPguy is listed RLUSD was launched as one of the events that market participants wait for before they consider selling their coins. The launch of the stablecoin will inject more liquidity into the XRP ecosystem, which could lead to a significant rise in the price of XRP.
The stars are aligning for XRP
Posted by X, Cryptocurrency Analyst credipool encryption He said that the stars are preparing for a massive bull run for the XRP price. He made this statement while alluding to the fact that experts predict that the US Securities and Exchange Commission (SEC) may reject its appeal against Ripple when the new administration takes office.
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He noted that the SEC lawsuit is the last “single cloud” remaining over the XRP community. As such, the rejection of the appeal could boost investor confidence in cryptocurrencies, providing a bullish outlook for the price of XRP. CrediBULL Crypto suggested that XRP could reach $10 That’s bull run Noting that there must be more than one upward wave remaining.
At the time of writing, the price of XRP is trading at around $2.34, up more than 8% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
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