The past week has been all green for XRP. The token succeeded in breaking above $0.55, attaining a maximum price of approximately $0.576 within the week. Data from CoinGecko revealed that the digital asset recorded price increments of about 12.7% in the past 14 days. XRP seemed poised for a potential rally judging by its impressive market indices.
Renowned XRP and crypto analyst Dark Defender appeared to have sensed what the remarkable readings in XRP’s market variables seemed to hint at, and he had taken to X to reveal his findings.
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According to the crypto analyst, XRP’s rise to $0.66 price level is imminent. However, he noted that the digital asset will face some sort of support and resistance at specified price levels.
Hi all. #XRP's current price ranges between $0.66 & $0.52. It won't be a surprise to see $0.66 shortly.
— Dark Defender (@DefendDark) October 25, 2023
Supports: $0.52, $0.46
Resstncs: $0.66, $1.88, $5.85
But the real surprise will be when things go
Parabolic.#FreeDAI @X @digitalassetbuy pic.twitter.com/9qAXFkmdhd
Price Targets For XRP Support Levels
Dark Defender highlighted support levels at $0.52 and $0.46 levels. According to him, XRP attaining the first resistance level at $0.66 would imply that the digital asset broke above the support level at $0.52.
However, the crypto analyst noted that market conditions might not be favorable, necessitating the need for a much lower support level, which he pegged at $0.46.
At the time of writing, XRP is changing hands at approximately $0.55, which implies a value above the proposed support levels and could corroborate Defender’s claim of an imminent $0.66 price level playing out soon.
XRP’s Price Trajectory – Timeline
Per Dark Defender, breaking above the support levels would set the stage for three resistance levels at $0.66, $1.88, and $5.85. His tweet and shared XRP’s price chart hinted at how these set price targets for resistance levels would play out.
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As stated earlier in this insight, breaking above the support levels would see XRP surge to $0.66. According to the XRP enthusiast, the achievement of $0.66 would set the stage for an XRP rally that would catapult the digital asset to the next price level of $1.88.
Finally, exceeding the resistance at the $1.88 price mark would orchestrate XRP’s ascent to a new record high beyond $3.8. The price target, according to Dark Defender, is $5.85. It is left to see how events unfold. Per the shared chart, the proposed prices will play out between 2024 and 2025.
Meanwhile, based on XRP’s current price of $0.55, potential ascents to $0.66, $1.88, and $5.85 would imply increments of about 20%, 241.82%, and 963.64%, respectively.
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