XRP appears to be at a pivotal juncture, as prominent analyst Dark Defender (@DefendDark) recently shared his optimistic outlook for the digital asset, predicting an explosive future fueled by key technical levels and potential Elliott Wave patterns.
At the heart of Dark Defender’s analysis is the $0.6649 price, which he says XRP is retesting. He emphasizes how critical this level is for XRP’s progress, suggesting that a successful breakout could trigger a significant price surge to about $1.
Read Also: Gemini Spotlights XRP Price Action Amidst Bullish Trends
Dark Defender’s predictions didn’t end there. He envisions an even more explosive future for XRP, suggesting that once it surpasses the $1.88 level, XRP will go “Kaboom,” potentially soaring to unprecedented heights.
The analyst’s bullish sentiment is further reinforced by the 5-wave Elliott Wave structure that he identifies on the monthly chart. This structure, if validated, could propel XRP towards a remarkable $18.22 in the short to mid-term, presenting a lucrative opportunity for investors.
Hi all, #XRP is retesting the $0,6649. This level is not a joke, but if you fully understand its criticality, you will be absolutely fascinated by the upcoming XRP moves right after here.
This is the Key at the moment.
Let's check this on the #Monthly Time Frame.
As you see… pic.twitter.com/9RUU641RLE
— Dark Defender (@DefendDark) December 9, 2023
The Community’s Reaction
The community responded favorably to Dark Defender’s bullish predictions for XRP. One user thanked the analyst, asking him to keep up the good work, and another shared that he has been following Dark Defender for a long time and is looking forward to this prediction coming true.
However, some users don’t expect this prediction to materialize anytime soon. On Dark Defender’s $18.22 prediction for the short to mid-term, one user stated that it would take years for XRP to reach that price, and another agreed, adding that this would happen by the end of 2025.
Another user also questioned Dark Defender’s short-term prediction, arguing that from the monthly chart, the 5th Wave in the Elliott Wave pattern, which would send XRP to $18, is not short-term.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Analyst Says $100 XRP Price Is Inevitable, Citing Certain Bitcoin Trends From 2010
Other users showed a complete lack of faith in Dark Defender’s prediction, with one user stating that XRP is retesting a price point like it always does and describing XRP’s behavior as “going nowhere fast.”
While Dark Defender’s analysis provides a compelling reason for optimism, it’s vital to approach crypto investments cautiously. Readers should conduct thorough research and understand the associated risks before making financial decisions.
Ultimately, Dark Defender’s analysis offers a valuable perspective on XRP’s potential, and many prominent figures in the crypto community share his sentiment on XRP.
Bitboy Crypto recently gave XRP very high ratings, describing it as the standard for the next bull run. XRP’s trajectory going forward is sure to be captivating for crypto investors.
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