- Renowned crypto analyst Dark Defender predicts a potential 2,300% surge in XRP’s price to $14.61, based on its performance against Bitcoin.
- This projection comes amidst bullish market sentiments and technical analyses suggesting a significant uptrend for XRP.
In the midst of a buoyant crypto market, where digital assets are surging to new heights, XRP has emerged with a promising outlook. Renowned crypto analyst Dark Defender has stirred excitement by unveiling a potential trajectory that could see XRP skyrocket to $14.61, marking an astonishing 2,300% surge from its current position.
Dark Defender’s forecast hinges on a meticulous analysis of XRP’s performance against Bitcoin, particularly scrutinizing the XRP/BTC pair. Delving into the historical data of this pair, the analyst uncovers a significant underperformance trend that has persisted since mid-2023. Over this period, XRP has lagged behind Bitcoin by a staggering 60%.
However, recent market dynamics have set the stage for a potential reversal. Dark Defender identifies a crucial support level, characterized by a pattern of higher lows dating back to 2015, currently situated at 0.00000914. The recent bounce off this support, coupled with a projected breakout to 0.00024351, suggests an imminent resurgence in XRP’s value.
We had the Orange and the Green Arrows on the #XRP/#BTC pair.
— Dark Defender (@DefendDark) March 6, 2024
We reached the Support, Ultimate.
The #Purple Arrow is here.
It will be the awakening of 6 years.
Some can see, & some can't. pic.twitter.com/yyqhwjopiX
The analyst draws parallels with previous instances where similar bounces heralded substantial gains for XRP against Bitcoin, with over 5,000% outperformance witnessed during the 2017-2018 bull run. Dark Defender boldly declares, “It will be the awakening of 6 years.”
In projecting specific price points, Dark Defender emphasizes the correlation between XRP’s appreciation against BTC and its ultimate value in fiat currency. Should Bitcoin stabilize around $60,000, an ascent of the XRP/BTC pair to 0.00024351 could catapult XRP to $14.61. If Bitcoin were to surge to $100,000 and maintain that level, XRP’s price could soar even higher, potentially exceeding $20.
At its current trading price of $0.6205, these forecasts imply unprecedented gains for XRP investors. A leap to $14.61 or $20 would signify an extraordinary surge of 2,250% and 3,120%, respectively, from the current valuation.
Dark Defender’s bullish stance finds resonance among fellow analysts in the crypto sphere. Jaydee, another prominent analyst, underscores XRP’s breakout from a six-year trendline, hinting at further upward momentum. Additionally, technical analysis utilizing the Elliott Waves theory points to a potential march towards $1 by March, a milestone not reached since May 2021.
As investors eagerly await the unfolding of these predictions, the prospect of XRP’s meteoric rise stands as a testament to the enduring allure and volatility of the cryptocurrency market.