The cryptocurrency market is in a frenzy, and XRP has become the biggest dark horse, with an increase of more than 3,000% in the future!
#xrps2024年的千倍币 #XRP50倍币
The price of XRP has climbed above $0.6, showing positive dynamics in the overall cryptocurrency market over the past month. According to prominent crypto analyst Dark Defender, if the XRP/BTC pair reaches a new all-time high, the price of XRP could surge to $14.61.
Dark Defender’s analysis is based on the historical performance of XRP/BTC against XRP. XRP has lagged behind BTC since mid-2023, with a 60% decline against BTC since August of that year. Recent market trends have exacerbated this underperformance, as BTC has been pushing for new all-time highs.
However, Dark Defender highlights a key support level at 0.00000914, which has been characterized by higher lows since 2015. The recent rebound from this support level suggests that a major breakout could be in store, possibly reaching the current high of 0.00024351. Analysts compared this rally to similar situations in the past, which resulted in XRP outperforming Bitcoin by more than 5,000% in 2017 and early 2018.
Dark Defender suggests that XRP could reach $14.61 if the XRP/BTC pair surges to the $0.00024351 level while Bitcoin hovers around $60,000. If Bitcoin reaches $100,000 and sustains these levels, XRP may even trade above $20 at the same XRP/BTC pair highs.
In a recent tweet, DD explained: “We are seeing orange and green arrows on the XRP/BTC pair. We have reached ultimate support. The#purplearrowis here. This will be the awakening in six years. Some can See, and some don’t.” Given XRP’s current price of $0.6205, these predictions imply potential XRP gains of 2,250% and 3,120%, reaching $14.61 and $20 respectively.
The optimism for XRP does not stop there. Other analysts, like Jaydee, expect further gains, noting that XRP has broken above a six-year trendline. Additionally, Dark Defender uses Elliott Wave Theory to predict that XRP may reach $1 levels in March, a level not seen since May 2021.
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