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Cryptocurrency expert Dark Defender has shared a positive prediction for XRP, suggesting its price could go up to $0.91. This comes at a time when XRP, like many other digital currencies, is facing challenges in the market. Despite these difficulties, Dark Defender, known for being optimistic about cryptocurrencies, remains hopeful about XRP’s future.
Analyst’s Positive View on XRP
Dark Defender has consistently shown confidence in XRP’s potential for growth. Meanwhile, in a tweet post on February 17, Dark Defender pointed out that XRP approached a crucial resistance level on the daily chart, suggesting important short-term support levels.
Hi all. On 17-Feb, we checked XRP hitting the orange resistance in the daily chart and supports in the short term should be considered.
Below is the update of the same structure; the last point of Wave 2, the corrective wave, ends between $0.5198 and $0.5066. #XRP will then… pic.twitter.com/AnVmbPcudE
— Dark Defender (@DefendDark) February 21, 2024
He further analyzed XRP’s second wave as a corrective phase, identifying a potential bottom in the range of $0.5198 to $0.5066.
Looking ahead, Dark Defender highlighted the importance of XRP breaking through the daily Ichimoku Clouds, a technical indicator used to assess support and resistance. As per the analysis a successful breakthrough is seen as a positive signal, setting the target for XRP to hit these levels, $0.6649, $0.7707, and $0.9191.
Going further into the analysis analyst suggested a potential peak of $1.88 in the third phase of their price targets. These positive projections from Dark Defender continue to capture the attention of XRP enthusiasts, providing a hopeful perspective amid market challenges.
XRP’s Current Market Situation
As of now, XRP has seen a 2.77% drop in the last 24 hours, currently trading at $0.5400. This decline follows a brief increase past $0.5, initially driven by positive expectations about a possible XRP ETF, as mentioned by Brad Garlinghouse.
The recent fluctuations in the market have triggered substantial sell-offs, wiping out $300 million worth of positions in a single day. This has impacted not only the broader altcoin market but also influenced the overall valuation of XRP.
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