The cryptocurrency landscape is filled with opinions, analysis and predictions, some of which may take the market by surprise. The latest major revelation in this scenario comes from Dark Defender, a recognized analyst in the crypto universe.
This expert is causing a wave of discussion by announcing a surprising outlook for the price of XRP, suggesting that the currency has the potential to grow an astronomical 1,100%, reaching the level of US$5.85.
This ad he was released on X, a platform that gained prominence after replacing the old Twitter. In the post, Dark Defender detailed its analysis and substantiated its prediction based on XRP’s recent performance. An interesting detail mentioned was the closing price of XRP in September.
The cryptocurrency started and ended the month with very similar prices, which, in technical terms, is called Doji. More precisely, XRP began September at US$0.511 and ended at US$0.516.
For Dark Defender, this price behavior bodes well for XRP, indicating that the coin could test the $0.66 value soon. It is worth noting that the cryptocurrency has already broken its first resistance barrier, and the expert signals that, if the price of XRP reaches US$0.55 and surpasses this value, this could be the trigger that the currency needs to take off for good.
He mentions that XRP will be in an advantageous position above the weekly Ichimoku Clouds, signaling strong optimism in the market. At the time of publication, the price of XRP was priced at $0.5120 down 2.1% in the last 24 hours.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.