The XRP value is having fun with bullish momentum because the crypto flipped BNB to develop into the fifth-largest crypto by market cap. Amid this growth, crypto analyst Dark Defender has offered insights into what value ranges the crypto may attain subsequent as a part of this bullish continuation.
XRP Price To Reach $3.4 Next As It Eyes ATH
In an X put up, crypto analyst Dark Defender predicted that the XRP value may attain $3.4176 subsequent because it targets its present all-time excessive (ATH) of $3.84. This got here because the analyst famous that XRP broke one of many important resistances at $1.44 and efficiently retested $1.63 following that breakout.
With that profitable retest, Dark Defender stated that XRP may contact one of many important Fibonacci ranges, which is $1.88. The analyst went on to checklist $3.41 as a brand new goal that market contributors ought to keep watch over because the crypto may rally to that degree as soon as it reaches this Fib degree.
Based on the analyst’s accompanying chart, this XRP value rally to $3.41 may occur someday in December. Meanwhile, the crypto may additionally break its present ATH subsequent month as Dark Defender reaffirmed that $5.85 is likely one of the targets to keep watch over for XRP.
Interstingly, the crypto analyst doesn’t count on the XRP rally to cease there, as he highlighted $11.3 as a brand new goal for the crypto on this bull run. Based on Dark Defender’s prediction, $11 remains to be unlikely to be the market high. He not too long ago predicted that XRP may hit $18 someday subsequent 12 months, utilizing the Elliot Wave theory.
Meanwhile, the crypto analyst talked about $1.44, $1.28, $1.14, and $1.03 as new assist ranges, which the crypto wants to carry above to take pleasure in these parabolic rallies. XRP is using a bullish wave because it flipped the BNB to develop into the fifth-largest crypto by market cap.
Is Solana The Next?
In one other X post, Dark Defender recommended that XRP may flip Solana subsequent because the XRP value rallies additional. The Solana price is at the moment buying and selling at round $244, with a market cap of $115 billion. Meanwhile, XRP boasts a market cap of $96 billion.
An XRP value rally to $3.4 would give it a market cap of $193 billion and will see the crypto flip Solana. However, that may also rely upon how excessive SOL rises throughout this era. Crypto analyst CrediBULL Crypto has even offered a extra bullish outlook for XRP, stating that the crypto needs its ‘top 3’ spot again.
This signifies that XRP may flip Solana and Tether to develop into the third-largest crypto by market cap, behind the highest 2 cryptos, Bitcoin and Ethereum. It is value mentioning that XRP was as soon as above Ethereum earlier than the Ripple SEC lawsuit started in 2020.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has coated subjects that lower throughout DeFi, NFTs, sensible contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying probably the most technical ideas and making it simple for crypto newbies to grasp. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The offered content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty in your private monetary loss.
