Altcoins
XRP Price Will Go Parabolic, Here’s When
On Wednesday, October 25, prominent cryptocurrency analyst Dark Defender revealed that the price of XRP will go parabolic in the future, highlighting how it will 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 his optimism on the XRP the price goes parabolic and how this will happen.
In the Dark Defender of $0.66, $1.88 and $5.85.
According to him, XRP price could be on its way to surpassing the $1 mark if it manages to break through the $0.66 resistance level. And when that happens, the next resistance level will be $1.88.
The analyst’s recent projection features a 210.64% price rise if XRP price breaks through the $1.88 resistance level, which will see the cryptocurrency potentially heading towards the coveted $6 mark .
One interesting thing about the analyst projections is the fact that their projections are based on a review of the weekly trajectory of the XRP market over the past two years.
According to the chart published by Dark Defender, trends that were evident before the July surge appear to be resurfacing, suggesting a potential uptrend for XRP between 2024 and 2025.
So far, the XRP analyst is not the only one who believes in the potential price of XRP. Several other experts have shown increased credibility regarding XRP’s potential price rise this year.
In September, Wells Fargo CEO Shannon Thorp predicted the price of XRP could reach $500presenting a bullish concept for cryptocurrency.
CryptoInsight is another prominent figure in the crypto space who has expressed optimism about the price potential of XRP, drawing comparisons to the Bitcoin fractal of 2017. Indeed, the question within the crypto community is whether find out if XRP will mirror the Bitcoin 2017. fractal in the coming weeks.
Leaving the outcome open, he speculated on the possibility of XRP outperforming after a five-year consolidation period.
According to CryptoInsight, this is because most cryptocurrencies have now started their bull market after surpassing their previous high, but XRP appears to have fallen due to the SEC lawsuit against Ripple being dropped.
However, a recent rally showed a significant increase of 13% of the price of XRP over the past week, with a trading volume of $2.3 billion. The cryptocurrency is currently trading at $0.55 at the time of writing.
With the recent growth of XRP, the cryptocurrency appears to have overtaken some of the major altcoins in the crypto market, such as Solana (SOL) And Chain link (LINK).
Featured image from AltcoinsBOX, chart from Tradingview.com