$XRP $TON $BTC #MarketDownturn
đ„đ„đ„ Analyst sets XRP price roadmap from $0.6 to $36 đđđ đ±đ±đ±
âŠïž Over the past month, XRP has emerged as one of the best-performing crypto currencies, experiencing double-digit gains while setting its sights on a long-term target of reaching $1 and beyond.
In a recent analysis, crypto analyst Dark Defender outlined a clear roadmap for XRP, projecting its journey from the current levels of around $0.6 to an ambitious target of $36.Â
âŠïž According to the analyst, XRPâs price action is primarily driven by its technical structure rather than external factors.
Notably, XRP is currently trading near a critical support level of $0.61, which has served as a foundation for its recent price stability. Dark Defender emphasizes that this support is crucial for maintaining XRPâs bullish momentum.
âŠïž If XRP manages to hold above this level, the next immediate target is $0.66. Breaking above $0.66 would not only signal short-term bullishness but also pave the way for much higher price targets.
XRPâs key levels to watch and short-term targets
According to Dark Defender, the current chart suggests that XRP is in Wave 3, typically the most powerful wave in an
đą This level is particularly significant as it represents the threshold of the Ichimoku Cloudâs extreme Bullish Zone on the monthly chart.Â
From here, XRP is expected to encounter resistance at $1.88, aligning with the 161.8%Â Fibonacci extension. Surpassing $1.88 could open the door to the next major resistance at $5.85,
đą Long-term targets
The analysis suggests that if XRP maintains its bullish momentum, it could reach $18.22, the 361.80% Fibonacci extension level, and potentially aim for the final target of $36.76.Â
If XRP reaches a price of $36, its market capitalization would soar to approximately $2.02 trillion, representing an increase of nearly $1.99 trillion from its current market cap of $32.22 billion.Â