Cryptocurrency enthusiasts and traders were in for an eventful weekend as XRP experienced a surprising surge. Currently trading over $0.67 following a run to $0.71, Dark Defender (@DefendDark), a well-known crypto analyst, took to X to share insights on the short-term targets for XRP.
Amid a rapidly changing crypto market, this post provided a roadmap for XRP’s potential price movements in the coming days and weeks.
Dark Defender began by celebrating the accomplishment of his short-term price target. XRP had recently breached the $0.66 mark in a 4-hour time frame. However, the analyst also cautioned that staying above this level was crucial for the day, and the daily time frame indicated the possibility of XRP dropping down to retest the $0.66 level.
Hi all. What a weekend it was?
We set $0.66 as a very short-term target, and now it's broken in the 4-hour time frame. Congrats, who believed in it.
We need to stay above this level today as well. The daily time frame indicates we are oversold, so there might be back-tests to $0.66 daily.
However, the main trend is #UP!
Let's set our next target: $1.88 in the Short Term.
We must observe XRP close above $0.6649 first, a prerequisite for a crucial Fibonacci Level of $1.88.
Well, there are other targets such as $1.05 & $1.33, but none of them are as strong as $0.66. Similarly, $1.8815 has the same strength.
Whenever I see $1.8815 is broken, then we can set $5.8563 as our short-term target.
Daily Time Frame, Bullish
Weekly Time Frame, Bullish
Monthly, Time Frame Bullish
After so many months!
You can find the short-mid-term targets in the chart.
I wish you a very good day.
#Ripple #XRPCommunity @X @digitalassetbuy #FreeDAI pic: https://twitter.com/DefendDark/status/1721442835742810197/photo/1
— Dark Defender (@DefendDark) November 6, 2023
XRP’s Price Targets
Dark Defender states, “However, the main trend is #UP!” indicating bullish sentiments within the XRP community. The next target set was an ambitious $1.88 in the short term. However, Dark Defender emphasized the need for XRP to hold above $0.6649, a prerequisite for achieving a crucial Fibonacci level of $1.88.
The analyst also outlined other potential targets, such as $1.05 and $1.33, but made it clear that none had the same strength as the $0.66 target. Similarly, the $1.8815 level was identified as a significant milestone. Dark Defender suggested that if XRP were to break through this level, a short-term target of $5.8563 could be on the horizon.
What’s particularly noteworthy is the bullish sentiment across various time frames. Dark Defender highlighted that XRP was looking bullish on the daily, weekly, and monthly time frames, indicating that this positive trend had been building for many months.
Dark Defender’s targets could be a valuable guide for crypto traders and enthusiasts to navigate XRP’s price movements in the short to mid-term. The short-term target of $1.88, if achieved, would be more than 2x XRP’s current value. However, as with any cryptocurrency investment, it’s important to remember that the market can be highly volatile and unpredictable.
XRP at $18?
Toward the end of the post, Dark Defender states, “You can find the short-mid-term targets in the chart.” After the target of $5.8563, Dark Defender highlights the final target of $18.2275, representing a surge of over 2,547% for XRP.
As XRP continues its movement, enthusiasts will be watching the charts closely to see if these targets become a reality and whether XRP can maintain its bullish momentum in the coming months. If XRP can reach $18, it could be on its way to the $27 target predicted by another prominent analyst.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.