XRP’s recent price fluctuations are raising tensions among investors, but analysts remain optimistic. After hitting a seven-year high of $2.87 last week, XRP’s explosive rise appears to have stalled for a while.
Since then, the price has fallen to almost $2, recovered, fallen again and is currently in another recovery move. At the time of writing, XRP is trading at $2.40, up 3% in the last 24 hours.
XRP heading towards USD 4.10 and USD 5.85
Despite the recent fluctuations, analysts remain optimistic. According to Dark Defender, a well-known technical analyst, the current situation is just a prelude to a bigger rise. “We are heating up,” he declared on X, pointing out key resistance levels and support zones based on Fibonacci retracement levels.
Dark Defender states that if XRP’s bullish momentum returns, the next targets are between $4.10 and $5.85. These levels are well above the previous all-time high, suggesting that the token could reach unprecedented heights in the short term. A rise to $4.10 would require an increase of 78.1%, while a price of $5.85 would require a spectacular increase of 145%.
Key points of support for XRP
Should XRP face bearish pressure, Dark Defender has established support levels at $2.13 and $1.88. These levels are seen as favorable entry points or zones where a possible correction can be absorbed.
Other Analysts on XRP’s Next Step
Other analysts echo the optimistic outlook for XRP. For example, Ben “BitBoy” Armstrong expects that XRP can reach a price of $4.50 before a major correction occurs. At the same time, experts indicate that XRP may first encounter resistance around the previous high of $3.84. If this level is broken, it could open the way to even higher prices.
While many analysts are confident of a continuation of the uptrend, there are also critics who warn that XRP’s rise may be over. Some even go so far as to predict a drop to $0.60. Still, many experts remain optimistic. They point to XRP’s seven-year price compression and other positive signs as evidence that the coin’s next big move is yet to come.
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Source: https://newsbit.nl/xrp-koers-verwachting-kan-de-prijs-naar-585-stijgen/
