Pseudonymous Analyst Predicts XRP Price Surge to $5.85
A well-known crypto analyst, Dark Defender, has made a bullish prediction for the price of XRP. According to the analyst, XRP has the potential to increase by 1,100% and reach a new all-time high of $5.85.
Positive Sign: XRP Closes September with Doji
Dark Defender highlights that XRP closed the month of September with a Doji candlestick pattern. This indicates that the price at the end of the month was similar to the starting price. The analyst believes this is a positive sign and expects XRP to retest $0.66 in the short term.
Breaking Resistance for Bullish Momentum
The analyst explains that if XRP can break above the $0.55 level, it will gain significant momentum. This would also position XRP above the weekly Ichimoku Clouds, which is considered highly bullish for the digital asset.
Morning US, afternoon EU & fijn avond Asia! #XRP closed the Sep candle with a doji.
I take this positive, as always, and expect a re-test towards $0.66 in a couple of days.
Breaking $0.55 gives tremendous momentum since XRP will be above the weekly Ichimoku Clouds, which will… pic.twitter.com/OQCFoP49mD— Dark Defender (@DefendDark) October 1, 2023
A Revised Forecast: $5.85 All-Time High
In the latest prediction, Dark Defender revises the target price for XRP to $5.85, suggesting a possible new all-time high. However, before reaching this level, XRP would need to break the resistance at $0.66 and then aim for $1.33.
Timeline and Market Position
According to Dark Defender’s chart, the analyst expects this surge to happen within the next three years, likely during the next bull market. Despite not performing as well as other top cryptocurrencies, XRP remains the fifth-largest cryptocurrency with a market cap of $27.9 billion.
Hot Take: XRP Bulls Hopeful for Major Price Surge
Pseudonymous crypto analyst Dark Defender has made a bullish prediction for XRP, suggesting that the digital asset could reach a new all-time high of $5.85. The analyst points to positive signs such as XRP closing September with a Doji candlestick pattern and breaking resistance levels. While other top cryptocurrencies have performed better, XRP remains one of the largest cryptocurrencies by market capitalization. If Dark Defender’s prediction holds true, it could lead to significant gains for XRP investors in the coming years.
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