Crypto analyst Dark Defender stated that the XRP price is at a critical point where it will determine its next move. The analyst emphasized the price targets that should be followed after the bull flag formation is fully formed on the XRP chart.
XRP Coin Targets
Dark Defender stated that XRP is currently at a critical point and said that the $ 2.42, 2.52, 2.72 and $ 5.85 levels are resistance points. Support levels are listed as 2.29, 2.24, 2.10 and 2.02 dollars. The analyst stated that there is no longer much time for an upward movement in XRP’s current bull flag formation. Dark Defender had previously predicted that the XRP price could reach a new all-time high of 5.85.
Dark Defender predicts that XRP will complete this movement soon. He stated that XRP must overcome the 2.52 resistance level in order to rise above the current ATH level of 3.8, and expressed the potential for the price to rise up to $18.
Other analysts made similar predictions. While Ben Armstrong predicted that XRP would reach $4.50 by the end of the year or in January, Ali Martinez stated that XRP was at a breaking point that could reach $4.
Different Scenarios and Technical Analysis
Egrag Crypto presented two possible scenarios for the XRP price. In the first scenario, XRP is expected to experience an upward break, fluctuating between $2.27 and $2.50. In the second scenario, the price is predicted to fall below $2.27, consolidate between $2.17 and $2.27, and continue to rise by forming a double bottom.
Egrag Crypto stated that XRP should fluctuate on the chart for a longer period of time and this process is important to align with the Exponential Moving Averages (EMA). He emphasized that a healthy price range will contribute to the stabilization of the charts.
Analysts state that XRP will test critical levels in the coming period and these tests will be decisive on the price movement. The important thing for investors will be to closely follow the determined resistance and support levels.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
