XRP Price to Reach $5 as Dark Defender Predicts Big Move

Crypto analyst Dark Defender has predicted that the XRP price could soon rally to as high as $5. The analyst further revealed what needs to happen in the short term for XRP to reach this target, which would mark a new all-time high (ATH) for the crypto.

Breaking the Crucial Resistance

According to Dark Defender, XRP needs to break the crucial resistance at $2.52 for the rally to occur. The analyst expects this resistance to be broken within 24 hours, which would first pave the road to $5.85. Additionally, the crypto analyst predicts that XRP could further rally to $18.22, which could mark the top for the XRP price in this market cycle.

XRP’s Fundamentals Looking Up

Furthermore, XRP boasts bullish fundamentals. Ripple Labs recently secured NYDFS approval for the RLUSD stablecoin, which will launch soon. This launch will inject more liquidity into the XRP ecosystem and could boost the crypto’s price. Meanwhile, there are predictions that the new SEC administration under Paul Atkins could drop the appeal against Ripple. Given the lawsuit’s negative impact on XRP’s price, this would provide a major boost for XRP.

A Big Move Could Be Coming

In an X post, crypto analyst CasiTrades also provided a bullish outlook for the XRP price, stating that a “big move” could be coming for the crypto. She revealed that XRP has seen a solid wave bounce off the.382 support. Having hit and tested this.382 support, CasiTrades remarked that the XRP price is ready for its next target, which she claimed is $3.46. She added that a rally to this level would be huge because breaking the current ATH is critical. The crypto analyst added that if XRP doesn’t push through its ATH, there is a risk of forming resistance instead of continuation.

Conclusion

It appears that XRP could be gearing up for a significant price rally in the near future. With both Dark Defender and CasiTrades predicting a “big move” for the crypto, it will be interesting to see if this prediction comes to fruition. As the crypto continues to trade and the fundamentals continue to improve, only time will tell if XRP will reach its predicted targets.

FAQs

Q: What does Dark Defender predict for XRP’s price?
A: Dark Defender predicts that XRP could soon rally to as high as $5, with the short-term target being $2.52 and then potentially reaching $5.85 and $18.22.

Q: What are the fundamentals looking up for XRP?
A: Ripple Labs has recently secured NYDFS approval for the RLUSD stablecoin, which will inject more liquidity into the XRP ecosystem. Additionally, the new SEC administration under Paul Atkins could drop the appeal against Ripple, providing a major boost for XRP.

Q: What does CasiTrades predict for XRP’s price?
A: CasiTrades predicts that XRP could rally to $3.46 and that breaking the current ATH is critical. If XRP doesn’t push through its ATH, there is a risk of forming resistance instead of continuation.

Q: How can I stay up to date with XRP’s price movement?
A: You can stay up to date with XRP’s price movement by following reputable sources of cryptocurrency news and monitoring price charts and graphs.

Q: Can I invest in XRP?
A: Yes, XRP is a publicly traded cryptocurrency and can be bought and sold on various exchanges and platforms. However, please do your own research and consider your own financial risk tolerance before making any investment decisions.

Q: What are some potential risks associated with XRP’s price movement?
A: As with any investment, there are potential risks associated with XRP’s price movement. These could include market volatility, regulatory changes, and competition from other cryptocurrencies.

Q: How does Dark Defender’s prediction affect XRP’s price movement?
A: Dark Defender’s prediction that XRP could reach $5 has likely added fuel to the fire and is likely to have a bullish effect on the crypto’s price movement.