Based on Elliott Wave Principle, Analyst Details XRP Path To $1.05

Accurate price analysis and informed decision-making are crucial for investors seeking to navigate the market effectively. Dark Defender (@DefendDark), a seasoned cryptocurrency analyst, and a trusted voice in the XRP community, has provided a detailed analysis of XRP’s path to $1.05.

Dark Defender delved into the intricacies of XRP’s price movements, shedding light on the coin’s recent performance, potential future price trajectories, and the underlying technical factors that drive its behavior.

Read Also: Following This Prediction, Wall Street Veteran Anticipates XRP Price Reaction After Ripple Swell

Dark Defender’s Confirmed Predictions

Dark Defender’s XRP price analysis began by acknowledging an earlier prediction regarding XRP’s support level at $0.6131. XRP stayed above this level, which he labeled a crucial support level.

Furthermore, Dark Defender accurately predicted the horizontal movement between $0.66 and $0.61, a consolidation phase that allowed XRP to gather momentum before its recent upward breakout.

Anticipating Price Surges and Embracing Correction as Opportunity

Dark Defender also highlighted the expected move to $0.73 on November 13th. This prediction came true, with XRP almost hitting the exact price, thanks to the BlackRock Spot XRP ETF hoax. Dark Defender points out that the fake ETF filing does not affect the predictions, although it helped actualize them.

Wave 4 Correction and Subsequent Targets

While acknowledging the recent correction in XRP’s price, Dark Defender attributed it to Wave 4 of the Elliott Wave Principle, a natural and cyclical phenomenon within the cryptocurrency market.

Rather than viewing this correction as a setback, Dark Defender perceived it as an opportunity for investors to accumulate XRP at lower prices, laying the foundation for future price appreciation.

Despite the temporary correction, Dark Defender remained steadfast in his bullish outlook for XRP, setting targets of $0.87 to $1.05 in the short term.

Read Also: XRP Price Abruptly Surged To $247 On CryptoCom Exchange, Sparking Speculation Among Pundits

Parabolic Movement Potential

Dark Defender also suggests that XRP is close to initiating a parabolic move, a characteristic of significant price surges.

This prediction aligns with his bullish sentiment on XRP’s long-term prospects. A parabolic move would propel XRP to new all-time highs and potentially send it past the giants in the crypto industry.

This prediction was met with favorable responses from the community, with many anticipating this big move for XRP. Dark Defender’s XRP price analysis provides valuable insights into the digital asset’s recent movements and potential future trajectory.

His predictions have been largely accurate, demonstrating expertise in cryptocurrency technical analysis. He has also provided a detailed analysis of XRP’s potential road to $18.

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