Crypto analyst Dark Defender continues to support his highly optimistic forecast for XRP, maintaining that the asset could reach $280. In a recent update, he raised his projection even further, suggesting that XRP might climb to $333. Despite skepticism from the crypto community, the expert remains confident in his analysis.
Dark Defender Justifies His Bullish Outlook
Dark Defender recently responded to criticism regarding his price target. His analysis is based on historical market patterns and Fibonacci levels, which, according to him, align closely with the $280 target. However, he clarified that the precise Fibonacci level suggests an even higher potential peak of $333.
Previously, he had drawn parallels between XRP’s current market trajectory and its performance in the 2017 bull run, a period that saw explosive growth. He believes similar conditions could propel the asset toward new highs. While many market participants have questioned the feasibility of these projections, especially in terms of market capitalization, Dark Defender dismissed these concerns.
Addressing the argument that reaching $280 would require XRP’s market capitalization to surge to approximately $1.6 trillion, he countered that the market cap is often misunderstood in crypto markets. According to him, it does not directly represent the amount of capital flowing into an asset but rather serves as an indicative metric. He emphasized that market cap in crypto is largely an illusion when predicting price potential.
Market Analysis: Key Support Levels to Watch
Amid discussions of long-term price targets, another analyst, CrediBULL Crypto, provided insight into XRP’s immediate price action. He observed that the token recently pulled back from range highs and is now testing previously flipped resistance levels, which should act as new support zones.
According to CrediBULL Crypto, maintaining support at these levels would be a strong bullish indicator. However, a failure to hold could push the token below the $2 mark. While this might concern short-term traders, he believes it would create a strategic buying opportunity.
The analyst sees two key scenarios for traders; If XRP holds above support, investors should remain patient and ride the trend toward higher levels. On the other hand, If the price dips below $2, traders should look for long opportunities starting at $1.80.
Regardless of the short-term fluctuations, CrediBULL Crypto asserts that both scenarios present favorable opportunities, as long as investors position themselves wisely.
On-Chain Data Suggests Strength
Despite recent volatility, on-chain metrics suggest growing interest in XRP. Data from Santiment indicates that the number of active addresses on the network has surged to a record high of over 1.15 million in the past week. Additionally, transaction volumes have risen, signaling increased engagement among holders.
While predictions of a $280–$333 XRP price remain controversial, they are based on technical analysis rather than speculation, and the community is filled with similar price predictions. Dark Defender’s argument about market cap highlights an important nuance in crypto valuation, while CrediBULL Crypto’s perspective offers a balanced view of XRP’s immediate price movement. With rising on-chain activity and critical support levels being tested, XRP’s market performance in the coming weeks will be crucial in determining whether these ambitious projections remain viable.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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