XRP overtakes BNB in terms of market cap$BNB
It continues to rise as the fifth largest cryptocurrency, leaving behind XRP. Following this development, crypto analyst Dark Defender made predictions about the future price levels of XRP.
XRP Targets $3.4 and All-Time High
Dark Defender predicted that XRP could reach $3.4176 in the coming period, targeting the current all-time high of $3.84. The analyst noted that XRP successfully tested the $1.63 level after breaking the critical resistance point at $1.44. He stated that following this positive development, XRP could make a move towards one of the Fibonacci levels, $1.88. The analyst emphasized that market participants should closely monitor the $3.41 level. Once this level is reached, XRP is expected to continue its rise.
XRP Likely to Surpass Solana
Dark Defender also discussed the potential for XRP to overtake Solana in another post. Solana is currently trading at around $244 and its market cap is around $115 billion, while XRP is at $96 billion. If XRP rises to $3.4, its market cap could reach $193 billion, potentially overtaking Solana. However, this will also depend on Solana’s rise in that period. Another analyst, CrediBULL Crypto, offered a more optimistic view, stating that XRP is aiming to return to the “top 3.”
The Future of XRP$XRP
Dark Defender noted that XRP’s uptrend will not stop here and that the cryptocurrency should advance to $11.3. He also predicted that XRP could reach $18 in 2024. The analyst identified $1.44, $1.28, $1.14 and $1.03 as support levels for XRP and emphasized the importance of the cryptocurrency remaining above these levels. XRP’s rise to fifth place in terms of market value, surpassing BNB, is considered a major development in the cryptocurrency market.
It was stated that before Ripple's SEC lawsuit, XRP was above Ethereum's $3,671 level, and that the dynamics in the cryptocurrency market could change rapidly. While crypto investors closely monitor XRP's future performance, it is noted that market conditions and support levels will play a critical role in determining the value of the cryptocurrency.
If XRP continues to rise, it is expected to climb higher in terms of market value.