Crypto Analyst Dark Defender has published A Fat prints outlook for XRPWith the specification of X that the asset is on a clear path towards several upward destinations. His comments come at a time when the asset bulls try to achieve a level of support of 2.42 US dollars, whereby technical patterns indicate that the asset may be preparing for a significant outbreak.
XRP is on the way on the way to $ 2.75, $ 5.85 in sight
The price campaign of XRP begins to see some positive gradeRecently up to $ 2.56 in a 7-day period. Although it fulfilled the resistance and was the other way around at the beginning of last week on a downward trend, it finally found support at 2.36 US dollars and started a new upward trend. This up-and-down movement is apparently an average price action playout, but the technical analysis of the daily candlestick timeframe charts shows that the price has tacitly changed a trend line of downfight in the downward violation of $ 2.36.
Now the next outlook for the Altcoin Is an upward movement After this fresh upward trend above the resistance trend line. In this sense, the dark defender of Crypto Analyst forecast that The cryptocurrency is on 5.85 US dollars. The analyst also made a closer price target of 2.75 US dollars, although he found that XRP may have difficulty breaking through $ 2.55.
The predicted difficulty at $ 2.55 lies in response to its rejection last week. However, the wording of the Dark Defender was uncomplicated. “XRP looks excellent” and, after his analysis, reflects a strong conviction in the current setup of the token.
Exponential Fibonacci: USD 5.85 is not the limit for the altcoin
The prediction of a price target from Dark Defender for XRP would consider the crypto over the current all -time high. However, this fades compared to the long -term projection of the analyst.
The projection to $ 5.85 is only part of the wider analysis of the Dark Defender. In an earlier contribution, He outlined A The more ambitious long-term scenario using exponential fibonacci values and Elliott Wave Theory. According to him, the general conviction that XRP 10 US dollars must not exceed is a misunderstanding of exponential modeling. He argued that the Altcoin is currently in an impulse shaft 3 in a period of several years. If wave 3 fully In this phase it was able to achieve $ 77.7, with Wave 5 aimed at a three-digit price zone.
His roadmap emphasizes that it remains over the median of $ 2.3951 since November. From there, the diagram proposes a run to 8 US dollars, which could lead to a new range between 18 and 23 US dollars. These projections are not only based on wave extensions, but also on volume trends, RSI behavior and repeated historical patterns that the analyst believes that everyone is designed to support an incoming rally.
At the time of writing, XRP acts with USD $ 2.42.
Selected picture of iStock, diagram of tradingview.com
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