The Cryptomarkt is firmly on the rise again, and that means that the daring price forecasts also pop up again. One of the most striking comes from analyst Dark Defender, a well -known proponent of XRP. On social media platform X he recently shared a remarkable update in which he presented a towering target for XRP.
XRP price forecast
The analyst bases his analysis on the Elliott Wave theory, a popular method within the technical analysis. This theory states that markets move in predictable wave patterns, consisting of five consecutive waves.
How high can XRP ultimately rise? If it is up to Dark Defender, we should think of an ambitious price target of $ 77.70. That would amount to an increase of almost 3,450% compared to the current price. But how long that will take? The analyst does not mention an exact term, but emphasizes that this goal is feasible in the medium term according to his analysis.
For the short term, he points to a possible XRP rate of $ 5.85 and $ 18.22, an increase of around 170% to 740%. According to him, the route to that would consist of several waves: first a strong rise, followed by a correction, and ultimately a possible breakthrough towards the ambitious goal of $ 77.70.
Whales are en masse
Dark Defender is a well -known proponent of XRP and is often known to come up with considerable price forecasts. So take them especially with a grain of salt.
What is striking in any case is that large investors, the so -called Whales, are actively taking stock, according to data from Blockchain analysis platform Santiment. Since April, the number of wallets has risen sharply by tens of millions of XRP. At the same time, the stock on exchanges is rapidly falling. That usually means only one thing: big investors choose to hold their tokens instead of selling them.
Source: https://newsbit.nl/crypto-expert-voorspelt-astronomische-xrp-stijging-van-3-450/
