XRP Price To Go Parabolic, Here’s When
27 Ottobre 2023 - 5:00PM
NEWSBTC
On Wednesday, October 25, a prominent cryptocurrency analyst Dark
Defender revealed that the price of XRP will go parabolic in the
future, highlighting how it is going to happen and when it is
expected to happen. Crypto Analyst’s XRP Price Projection The
XRP analyst recently took to X (formerly Twitter) to share his
predictions and optimism on the XRP price going parabolic and how
it is going to happen. In the Dark Defender X post, there are two
crucial support levels and three resistance levels for the digital
asset, which include $0.52 and $0.46 for the support levels, while
the resistance levels are $0.66, $1.88, and $5.85. According
to him, the XRP price could be on its way to surpass the $1 mark if
it manages to break through the $0.66 resistance level. And when
this happens, the next resistance level will be $1.88. The
analyst’s recent projection presents a 210.64% price surge if the
XRP price breaks through the $1.88 resistance level, which will see
the cryptocurrency potentially heading toward the coveted $6 mark.
Related Reading: XRP Price Set To Surge Amid Heightened Whale
Accumulation One interesting thing about the analyst projections is
the fact that his projections are based on an examination of the
XRP’s weekly market trajectory over the past two years. According
to the chart posted by Dark Defender, the trends that were evident
prior to the July surge seem to be resurfacing, suggesting a
potential bullish run for XRP between 2024 and 2025. So far, the
XRP analyst is not the only one who believes in a potential price
for XRP. Several other experts have shown increased credence about
the XRP’s potential price surge this year. In September, Wells
Fargo manager Shannon Thorp predicted the price of XRP could go as
high as $500, presenting a bullish concept for the cryptocurrency.
Another prominent figure in the crypto space who has expressed his
optimism about the XRP price potential is CryptoInsight, drawing
comparisons to the Bitcoin fractal from 2017. This is because the
question that has been swelling among the crypto community is
whether XRP will mirror the 2017 Bitcoin fractal in the coming
weeks. Leaving the result open-ended, he speculated that there is a
possibility that XRP will outperform following a five-year period
of consolidation. According to CryptoInsight, this is because most
of the cryptocurrencies now basically began their bull market after
surpassing their previous peak, but the XRP seems to have plummeted
due to the SEC’s lawsuit on Ripple being dropped. However, a
recent rally has shown a significant 13% surge in the price of XRP
over the past week, with a trading volume of $2.3 billion. The
cryptocurrency is currently trading at $0.55 as of the time of
writing. Related Reading: XRP Price Prediction – Bulls Could Take
Advantage Of Price Dip To Restart Rally With XRP’s recent growth,
the cryptocurrency seems to have surpassed some of the leading
altcoins in the crypto market, such as Solana (SOL) and Chainlink
(LINK). Featured image from AltcoinsBOX, chart by Tradingview.com
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