A prominent crypto analyst on X (formerly Twitter), has forecasted a parabolic surge for XRP to $4.1 and $5.8 levels.
XRP’s price movement has been nothing short of frustrating for investors over the past few weeks. There was a lot of buzz surrounding the coin in December 2024 which led to pundits predicting impressive trajectories for the end of the year.
However, those guesses did not play out as XRP even fell below $2. Nevertheless, the coin started 2025 on a positive note as it began a rally that pushed it as high as $2.4. This rally has ignited another wave of predictions with the latest, forecasting a double price movement soon.
XRP to Hit $4.1 and $5.8
In a recent post on X, Dark Defender, a known financial advisor with about 130k followers, shared an exciting outlook for the Ripple-backed coin.
His analysis was based on the Fibonacci retracement levels. According to him, XRP is on course to exceed its previous all-time high of $3.4 and surge to $4.1, all the way to $5.8.
These forecasted levels align with predictions from other analysts including Ben Armstrong who predicted a surge to $4.5. Dark Defender referred to the current XRP surge as merely a “warm-up” for what is to come.
Moreover, he pointed out the support levels to watch out for based on the Fibonacci retracement. Per his update, $2.13 and $1.88 were identified as the key support levels, the lows where XRP can fall if a bearish market takes over.
These levels also represent favorable entry points for investors who are willing to buy the coin at a discounted price.
$XRP targets $4.11 & $5.85 as the next Fibonacci Levels.Supports are $2.13 & $1.88.We are warming up.Not Financial Advice.
— Dark Defender (@DefendDark) December 1, 2024
It is important to note that for XRP to reach the projected $4.1 level, it would have to surge 78% from its current price, and about 145% to get to $5.85.
Factors that Could Propel XRP
Things look promising for XRP this month. Several key events could act as a catalyst for its ascent. Precisely, the United States would see a new administration led by Donald Trump take over on the 20th.
Trump is a strong advocate for cryptocurrencies and has expressed his willingness to ensure that the industry thrives under his watch. During his campaign, he received sizeable donations from industry giants as a backing toward his goals for the crypto sector.
A more crypto-friendly administration would mean a healthy market, and projects like XRP are well-positioned to benefit from this reform.
Another key factor that could boost the price of XRP is the anticipated change in leadership at the SEC. Gary Gensler is expected to step down from office on the same day as Trump’s inauguration and be replaced by a fair crypto figure, Paul Atkins.
The XRP community, including several industry experts, has predicted that the case between Ripple and the SEC would be dismissed when Atkins takes over.
These two factors could trigger a parabolic surge for XRP to the points predicted by Dark Defender and other crypto analysts.
However, it is important to keep in mind that the SEC is supposed to submit its opening brief in the Ripple lawsuit by January 15, 5 days before the change in administration.
The effect of this argument could be negative for XRP and could trigger a decline toward the $2.13 and $1.88 support level. At the time of writing, XRP traded at $2.41, representing a 1.2% increase in the last 24 hours.
The post XRP News: Expert Predicts Parabolic Surge to $4.1 and $5.8 Soon appeared first on Coinfomania.
