Per a recent tweet, Dark Defender, a renowned crypto chartist, revealed that an XRP surge to the $333 price level is imminent. The crypto analyst quoted historical records while observing the possibility of a grand wave occurrence.
It is worth noting that Dark Defender, in one of his previous tweets in April 2023, highlighted price targets for three waves, which he termed W1, W2, and W3. The crypto chartist noted that W3 above $1.33 will precede grand wave 3.
Dark Defender’s Insights On XRP Grand Wave
Having announced grand wave 3 in March, Dark Defender projected a $1 price target for XRP as we approach summer.
Intriguingly, XRP almost attained the $1 price level after it spiked to $0.9380 after Judge Torres’s ruling that categorized XRP as a digital asset.
Analyzing further, Dark Defender stated that XRP would exceed the resistance level at $0.9380 and advance toward a potential $1.33 level. The crypto chartist noted that XRP would ascend from $1.33 to a range between $1.67 and $1.73 after it must have retested the $0.89 price mark.
However, the stiff resistance witnessed at the $0.93 level prevented XRP from attaining the above-predicted price targets. The crypto analyst had to re-analyze his projections based on a Wave 1 completion at the $0.93 market value.
The outcome of the readjusted price predictions birthed the new price protections at $1.88, $5.85, and $18.22 price levels.
Hinting at a potential XRP rally, the crypto expert said that the green signal represents an impending bullish run. He added that the green indicator had previously predicted XRP’s rallies in 2017 and 2021.
It was March, and we announced Grand Wave 3.
— Dark Defender (@DefendDark) August 23, 2023
In April and we set the $1 target for summer was almost achieved by summer, where #XRP hit $0.93.
Our target for XRP was to continue breaking $0.93 towards $1.33 & $1.67-$1.73 after the successful touch to $0.89.
XRP struggled to… pic.twitter.com/hSt2da2CVb
Technical Basis Of Dark Defender’s Grand Wave 3 Price Targets
Backing his seemingly convinced $333 grand wave 3 XRP price projection, Dark Defender reiterated that a similar event played in 2017 and 2021. He added that XRP is preparing to repeat similar trends.
As XRP trades at around $0.52 at the time of press, Dark Defender’s $333 prediction implies a massive surge of 64,038%.
While a surge of 64,000% might seem ridiculous, it is worth mentioning that XRP’s bullish run in 2017 printed a similar percentage increase when it spiked by approximately 66,000% between February 2017 and January 2018.
Although present market conditions might prove unfavorable for a repetition of XRP’s massive bullish trends, the possibility remains achievable.
In addition, the crypto chartist stated that the grand wave is calculated as the first wave of grand wave 3, which he projected to be between $18 and $36.
Dark Defender also mentioned that smaller wave structure targets could be dynamic but do not serve as the grand wave.
Concluding his analysis, Dark Defender highlighted some significant factors that would contribute to XRP’s potential rally.
These fundamentals include the current XRP supply on different exchanges, top crypto exchanges like Blackrock, which appeared to be developing interest in XRP, a broad playing field on every aspect of digital payment infrastructure, XRP’s seamless transaction capabilities, a potential win over SEC in the court of law, etc.
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