Dark Defender, a top analyst, has shared insights on XRP’s price trajectory, highlighting critical levels and potential targets. Despite recent consolidation phases, the analysis suggests a promising outlook for the digital asset.
However, achieving these targets requires overcoming key resistance levels. The analyst’s long-term XRP analysis began over a year ago, with the first wave completing at $0.9327.
When XRP was trading around $0.28, Dark Defender had set a target of $0.89, which XRP managed to surpass, eventually peaking at $0.9327. This initial phase marked the completion of Wave 1, leading to a period of consolidation.
During this period, the lowest level established was $0.3917, which closely aligned with a key Fibonacci zone at $0.3814.
What you'll learn 👉
Crucial Resistance Levels at $0.6649
According to Dark Defender, $0.6649 is a pivotal level for XRP, serving as a “final boss” that the asset has yet to decisively break. The analyst emphasized that a sustained move above this level could lead to substantial upward momentum.
Previous attempts to breach $0.6649 have seen XRP face rejection, reflecting the strength of this resistance. The weekly indicators currently signal a bearish trend, suggesting caution.
However, the analyst believes these signals could be misleading, citing the broader trend on the monthly chart, which remains bullish. If XRP successfully maintains support levels at $0.5286, $0.4850, and most notably $0.3917, further gains appear feasible.
Long-Term Targets: $5.85 and Beyond
Dark Defender’s analysis lays out ambitious long-term targets for XRP, identifying $3.88, $5.85, and $18.22 as potential Wave 3 targets. Although he reiterated that these projections are not investment advice, the optimism for reaching higher levels persists, especially if XRP can sustain its key support zones.
Despite current market challenges, the analyst remains confident that XRP could eventually hit these levels, provided that $0.6649 is surpassed.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Read also: Legal Titans Clash Over Ripple’s Campaign Moves as XRP Price Struggles
XRP’s Price Outlook Remains Promising
While XRP’s weekly signals hint at a downturn, the analyst notes that maintaining the $0.48 and $0.3917 support zones will be essential for a positive outlook. Dark Defender pointed out that, historically, XRP’s price action has been resilient, and any further consolidation above $0.6649 could set the stage for stronger movements.
He also acknowledged that XRP’s community support is declining, but remains confident in Ripple’s efforts. Dark Defender’s forecast suggests that once these technical hurdles are cleared, XRP could see renewed bullish momentum, setting the stage for its long-term price targets.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
