🔥 Cryptocurrency analyst Dark Defender recently conducted an in-depth analysis of the price of #xrp and believes it could reach $18. Is this reasonable? We'll see !!
🔥The analyst used several indicators and chart patterns with three possible indicators.
🔥 One such pattern is the ABC retracement, which can help traders point out temporary reversals or pullbacks in the price of an asset within a broader trend.
welcome. We recently examined the daily frame for#XRPand discussed the expiration of the five-wave correction in the daily frame.
🔥 The performance of the weekly time frame and the Relative Strength Index (RSI) is a little weak compared to the daily frame and has a weekly breakout resistance.
🔥 It consists of three waves: A, B and C, each of which helps traders identify trend continuation and potential entry points during pullbacks. Applying it to the XRP chart, Dark Defender identified the three waves as follows: Wave 1 ends at $0.93; Wave 2 at $0.43; Wave 3 is expected to close at $1.88, $5.85, and possibly around $18.22.
🔥 The completion of the ABC regular corrective wave supports the possibility of an upward movement, but the trader warned his followers of a possible decline to $0.3917 if certain conditions are not met. Although there is a possibility, the analyst believes that the chances decrease if XRP remains above 0.$52.
🔥 In the latest update, the analyst stated that XRP is on its way towards $1.88 after detecting a daily break of the above indicators.
🟢 From my point of view, this is an impossible analysis and close to fantasy. Even if Ripple wins the lawsuit filed against it, it will not reach that amount, because the liquidity that must enter for the price to rise is much greater than the liquidity currently present at #coinmarketcap .
