Most people in crypto have noticed Ripple’s victory against the SEC. Among the notable reactions is from Dark Defender, a top crypto influencer, who shared a detailed price prediction for XRP.
Moreover, his analysis focuses on technical patterns and provides a comprehensive outlook on XRP’s potential future movements.
Related: Ripple Triumphs in SEC Lawsuit: Analyst Predicts XRP Price to Hit $16 – Here’s How
What you'll learn 👉
XRP Price Prediction
Dark Defender provided an update on XRP’s monthly time frame. He highlighted his previous predictions and their accuracy. He noted that XRP nearly reached his target of $0.93 after being around $0.28.
He also identified $0.3917 as a critical level, which XRP touched before rebounding to $0.6649. According to him, XRP is currently in Wave 3, targeting $1.88, $5.85, $18.22, and $36.76 with Wave 5.
He detailed the importance of surpassing $0.66, which could lead to a rapid ascent to the $1.03 mid-level target. Remaining above $1.03 would place XRP in an extreme Bullish Zone on the monthly time frame, according to the Ichimoku Clouds.
Additionally, the MACD Monthly Indicator has turned bullish, reinforcing the positive outlook.
Addressing Market Sentiment and Lawsuit Impact
Dark Defender addressed the community’s curiosity regarding the lawsuit’s impact on XRP’s price. He emphasized that XRP’s price is primarily driven by its technical pattern rather than external decisions.
Consequently, he advised the community to stay relaxed and anticipate upcoming events. This clarification has been key in maintaining confidence among XRP investors.
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Community Response and Market Implications
The analysis by Dark Defender has resonated well with the crypto community, sparking discussions and increased interest in XRP’s potential.
His structured approach, grounded in Elliott Wave theory and supported by bullish indicators, offers a positive outlook for XRP. This technical perspective, combined with Ripple’s legal victory, has boosted investor confidence.
Dark Defender’s detailed prediction of XRP’s price movements highlights how technical patterns dominate over external factors. His analysis, based on Elliott Wave theory and bullish indicators, provides an optimistic forecast for XRP investors.
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