XRP Price Could Surge to New All-Time High, Analyst Predicts
A crypto analyst is anticipating a significant rally for XRP, with the altcoin potentially reaching a new all-time high above its 2018 peak. The analyst, known as Dark Defender, uses wave theory to support this prediction, highlighting the importance of the third wave.
According to Dark Defender’s analysis, the first wave occurred when Ripple won its initial legal battle against the SEC and XRP surged to $0.91. The second wave followed as the price retraced downward and temporarily dropped to $0.39 before recovering.
The analyst believes that XRP has completed its correction and is now poised for the third wave. Dark Defender suggests that if this wave materializes, the XRP price could rise to $5.85, representing a potential 1,137% increase.
Further Waves and Potential Price Movements
Dark Defender’s analysis also includes predictions for the fourth and fifth waves. The fourth wave is expected to be bearish in the short term, with a drop below $4. However, the fifth wave is projected to continue the bullish trend and could lead to a rise above $7.5.
This recent forecast aligns with Dark Defender’s previous prediction for XRP’s price. It serves as a reaffirmation of their earlier stance.
Hot Take: XRP Poised for Explosive Rally
Crypto analyst Dark Defender has expressed optimism about an upcoming rally for XRP. Based on their wave theory analysis, they predict that XRP could surge to $5.85, surpassing its previous all-time high. This would represent a significant increase of over 1,100%. While their analysis suggests potential short-term fluctuations, Dark Defender remains bullish on XRP’s long-term prospects. It will be interesting to see if their predictions come to fruition and how the market responds to XRP’s price movements.
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