Leading analyst Dark Defender shared an optimistic outlook for XRP. Based on technical levels and possible Elliott Wave models, this analysis has excited XRP investors with its prediction for a bullish market direction.
At the center of Dark Defender’s analysis is the price level of $0.6649, which XRP has retested and which he sees as a critical threshold. He suggests that if this point is surpassed, there could be a significant move towards approximately $1.
The analyst believes that the XRP price will not be limited to this level and envisions a scenario where XRP could “Kaboom” past the $1.88 mark and reach unprecedented levels.
Dark Defender’s expectation of a bull market, defined by a 5-wave Elliott Wave structure on the monthly chart, suggests a stronger sentiment. If this structure is confirmed, he believes that XRP could reach an incredible level of $18.22 in the short to medium term.
The XRP community has responded positively to Dark Defender’s bullish market predictions. However, some users think that the realization of this forecast in the near future is unlikely. The importance of a cautious approach in cryptocurrency investments is emphasized, and the future of XRP remains a subject of curiosity.