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🚀🚀 🚀 XRP News: Analyst Predicts XRP to Reach $1.88 Amid Price Surge
#XRP , a cryptocurrency backed by Ripple Labs, attracted the attention of investors today as its price recovered after a significant move in the red. Interestingly, in the midst of this upward movement initiated by the #Ripple -backed token, a famous crypto analyst shared an optimistic forecast for the future price of XRP.
The prediction, which indicated that XRP's $1.88 price target was achievable, quickly attracted a lot of attention in the broader crypto Sunday. Let's take a closer look at Dark Defender's XRP price analysis, which predicts that the token will reach $ 1.88 in the near future.
Dark Defender Says $1.88 Price Target Is 'Getting Closer'
In a recent post, the analyst draws attention to a detailed analysis of the weekly time frame of XRP and shows that, according to the Elliott Wave theory, the cryptocurrency is approaching its target of $ 1.88. The analysis highlights the vital Fibonacci levels and XRP manages to maintain its position above the critical 38.20% level at the $0.4623 level. Although the last Fibonacci Level was $ 0.3917 while XRP was in correction, the current movement of the token is creating a bullish trend among investors. Dec.
In addition, attention was drawn to the formation of a potential Triangle with $ 0.5286, which is defined as an important support zone (Blue Support) for the token.
Moreover, the analysis shows that after exceeding $ 1, according to the rules of Elliott theory, $ 5.85 and $ 18.22 tokens with a scale of 3. He suggests that wave targets could expand even further. These Decrees seem to have ignited a feeling of frenzy among crypto market participants globally, but it's also worth noting that Dark Defender claimed that XRP would reach $1 in April, but this did not happen. However, the analyst continues to declare that the $ 1 target is definitely ahead for XRP, which arouses great interest.
