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- Dark Defender predicts Ripple (XRP) could hit $18 in the third wave, followed by a correction before a potential rise to $77.7.
- Key levels include support at $2.60 and $2.77, with resistance at $5.85, $8.03, and $18.22, signaling bullish momentum.
- Egrag Crypto sees $3.10 as a key breakout level; a confirmed close above it could trigger a strong upward price movement.
Dark Defender has shared his insights in a recent X post and suggested that XRP might be in a wave pattern that targets $18 in the third wave. Once the correction occurs in the fourth wave, the next formation may propel XRP to achieve its target of $77.7. His assessment is based on past market behavior that has characterized the market and affected the price of XRP.
According to the analysis, there are key price levels that will help indicate when the currency pairs are unlikely to be susceptible to volatility. The support levels are marked at $2.60 and $2.77, while the resistance levels are at $5.85, $8.03, and $18.22. If XRP manages to move beyond these levels, that is, higher highs and higher lows, it would make for a more bullish signal. These points are closely watching by the traders for the fresh buying opportunities.
Potential XRP Uptrend Signals
Egrag Crypto has also shared his view on the XRP price trend prediction. He also pointed out the fact that trading above $2.60 is very significant in the maintenance of the bulls’ reign. Should the prices drop below this level, there could be a price range of $2.40 as a low possibility. He stated that the current market pattern was an ABC correction that usually occurs before a large movement in stock prices.
He also emphasized $3.10 as the critical level that would determine the direction of the trend. In the event that XRP breaches this price with confirmation to close, the cryptocurrency could witness an upsurge. These levels are popular among investors since these waves are seen as the key platform on which XRP can build the next leg upwards. This area might be important to attract enough buyers to push the price to higher levels. As of press time, XRP is trading at $2.65, showing a 16.86% increase over the past day.
Nevertheless, concerning such optimistic prognosis, it is possible to note that the estimations of market conditions are still volatile. The price movement of XRP is therefore relative to that of other digital currencies, sentiments in the market, and the ever changing policies in the market environment. Volatility of price could bring short term effects, thus calling for management of risk among traders.
These propositions do not amount to an investment recommendation, and potential investors should exercise due diligence. Only time will tell whether there is any truth to these bullish forecasts regarding the XRP price in the coming weeks.
