“XRP price could explode to $18,” says well-known crypto analyst

According to crypto analyst Dark Defender, the XRP price is on the eve of a decisive phase. Based on a multi-year chart structure, he states that an explosive rise towards 18 dollars is possible.

According to the analyst, both technical patterns and improved market conditions point to a scenario in which XRP could begin another major advance.

XRP price has been moving in an ascending channel for years

Since the 2017 peak and subsequent correction, XRP has been moving in an ascending trend channel, according to the analyst. Such a channel shows that the price forms higher lows and higher highs over a longer period of time. According to technical analysts, this points to gradual accumulation.

The fact that XRP has remained within this channel during periods of uncertainty is seen as a sign of underlying strength.

According to Dark Defender, XRP is now approaching the top of this multi-year pattern. Historically, such moments can lead to powerful breakouts, especially when multiple indicators converge at the same time.

Double bottom and Fibonacci strengthen bullish scenario

What is striking, according to Dark Defender, is that XRP has formed a so-called double bottom. This is a recognizable pattern in which the price bounces twice at the same low point, with an intermediate recovery. This is often seen as a sign that selling pressure is drying up and buyers are slowly taking over.

But it doesn’t stop there. An important Fibonacci level also coincides with the current price zone. Fibonacci lines are commonly used tools to determine where support or resistance lies. If several of these types of signals come together, the chance of a major movement increases.

Whether XRP can really rise to $18 remains speculation, of course. But according to Dark Defender, it is rare that technical structures, fundamentals and sentiment point in the same direction at the same time.