In the world of cryptocurrency, the bull season of 2021 was a shock to investors, especially in terms of Ripple‘s (XRP) price point. While most cryptocurrencies were experiencing parabolic increases and challenging their previous peaks, XRP’s performance failed to bring a smile to its investors’ faces. Now, as preparations for a new bull season are underway, an analyst has made an assessment for XRP. Let’s delve into the details.
Unveiling XRP’s Potential: The Insight of Dark Defender
As the crypto community grapples with impatience over XRP’s apparent lethargy, Dark Defender stepped in to shed light on the underlying dynamics.
Acknowledging the disappointment, Dark Defender reassured the community that XRP has historically been a late mover in the cryptocurrency market and emphasized the importance of patience.
Leading Indicators Supporting XRP’s Rise
Examining technical indicators, Dark Defender pointed to positive signals from indicators such as the Wave Trend and RSI, particularly on a monthly time frame. According to the analyst, these indicators are in harmony with an upward trend for XRP and instill confidence in the cryptocurrency’s potential trajectory.
Dark Defender highlights a critical point for XRP to surpass the $0.6649 barrier. The analyst stresses not only the importance of breaking this level but also maintaining it for at least two consecutive days. This breakthrough is seen as a precursor to XRP’s advance towards its second resistance level.
ETFs on the Horizon: A Catalyst for XRP’s Fluctuation
With the anticipation of Exchange-Traded Funds (ETFs), Dark Defender sees a favorable environment for XRP. Asserting that all indicators are ready, Dark Defender expresses optimism, stating there is no apparent reason for XRP to underperform in the current climate.
Although Dark Defender promises to keep the community informed of any changes and calls for continued patience, it is a fact that cryptocurrency investors have learned from the experiences of 2021. Reminding that XRP has historically been a late mover in the game can serve as a reassuring sign for those eagerly awaiting positive developments.
If even the analyst advises patience for the cryptocurrency XRP, as the author of these lines, it falls upon me to tell my readers that you need to do your own research before investing in Ripple (XRP). While XRP is particularly strong in terms of community support, we sometimes come across sentences in various comments that read “neither here nor there.” When conducting your research, also take into account past price movements.