Ripple’s XRP Following Expert’s Prediction, a 15% Rally to This Price Level Is Next

Cryptocurrency analyst “Dark Defender” shared an optimistic update on XRP’s price action to his over 100k followers on X today. He stated that the price of the token connected to the Ripple payment network has been moving upwards as expected.

XRP Hits Target Price Level

“Dark Defender’s” tweet thread began by saying “Let’s have an update on the Daily Time Frame. #XRP moved towards $0.52-$0.53 as we expected.” Last week, he had projected that XRP would reach a target price of $0.5286. On Sunday he reported that it had closed just above that target.

This was a positive sign for the token’s momentum. “Dark Defender” also pointed out that XRP’s relative strength index (RSI), a technical indicator of price momentum, was showing a favorable breakout.

15% Price Surge to $0.60 Could Be Next

Buoyed by XRP achieving the recent price projection, “Dark Defender” now has set his sights higher for the token’s value. “This is a great sign for $XRP shortly to try the $0.60 Resistance, the orange line on top,” he tweeted. That would represent a 15% price increase from current levels around $0.52.

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In an optimistic conclusion to the thread, “Dark Defender” says that longer-term, he would “be more than happy to see XRP breaking $0.6649 first & proceed with the initial Fibonacci Target of Wave 3 at $1.88.” That wave price target would mean a gain of over 250% from today’s XRP valuation.

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Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.