Top market analyst Dark Defender has placed XRP in the spotlight, noting that recent price volatility will not ask its potential rally
Dark Defender, a prominent crypto analyst on X has made a bold prediction on XRP about the future outlook of the coin. In a post to the XRP community, Dark Defender shared charts to support his predictions of a positive price trajectory for XRP.
XRP Critical Price Resistance Levels
According to the analyst, a bullish momentum is ahead for XRP as the weekly candle for the asset is nearing a close. The pattern indicates that it could commence a significant upward price movement soon. He urged followers and investors in the XRP community to stay calm despite the seeming market volatility.
“Sit back, relax, and ignore the FUD,” Dark Defender stated.
The analyst maintained that despite the fear, uncertainty, and doubt (FUD) circulating in the market, XRP will still soar. Dark Defender noted that XRP has promising technical signals which indicates a positive outlook. As such, rather than worry, XRP holders should “prepare a cup of coffee and enjoy.”
The analyst’s stance aligns with his previous predictions as it concerns XRP’s future trajectory. In an earlier call, Dark Defender projected that XRP could reach $5.85. The analyst used technical indicator charts to support his position then.
This current analysis flows from the Fibonacci levels with the key markers pointing to higher price levels for XRP. According to Dark Defender, notable XRP resistance levels include $2.60, $3.11 and $5.85. So far, XRP has flipped the first level and is currently consolidating on the second.
As of this writing, XRP is trading at $3.199, which represents a 1.68% surge in the last 24 hours. The asset had hit a high of $3.35 before suffering a decline to the current level.
Experts however believe that supported by market dynamics, XRP could test the bold prediction of $5.85 which Dark Defender has projected. These will include a surge in trading volume which currently has dropped by 21.86% to $15.9 billion.
Can XRP Soar Above Regulatory and Legal Hurdles?
Interestingly, another analyst, Egrag Crypto in his prediction saw the $4 level as a critical barrier to XRP. He maintained that if XRP succeeds in breaching the mark and sustains the tempo before March 10, 2025, the asset could witness astronomical growth.
Although XRP has hit an all-time high of $3.84, flipping $3.9 has been difficult for the asset. However, Egrag Crypto believes crossing that level might propel XRP to new heights.
Experts hold that for these price levels to materialize for XRP, investors need to support the asset while hoping the new administration in the U.S would adopt a clear pro-crypto stance. Notably, a new Securities and Exchange Commission (SEC) Chair has been nominated to replace the outgone Gary Gensler.
Despite Gensler’s exit, the SEC has a case seeking to overturn a previous court ruling in its ongoing case against Ripple. The issue in the clash is whether Ripple’s XRP sales to everyday investors are illegal under securities laws.
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