According to a crypto analyst known as Dark Defender, there is a bullish XRP price prediction. The analyst expects an explosive rally for XRP that could potentially lead to a new all-time high above its 2018 peak.
Dark Defender uses a wave theory to support this prediction, with the third wave being the most significant. The first wave occurred when Ripple won its legal battle against the United States Securities and Exchange Commission (SEC), and the XRP price rallied to $0.91. The second wave followed, during which the price retraced downward to $0.39 before making a recovery.
XRP recovers from dip | Source: XRPUSD on Tradingview.com
Now, Dark Defender suggests that the third wave could push the XRP price as high as $5.85, representing an 1137% increase. The analyst also mentions the possibility of a fourth bearish wave in the short term, followed by a fifth wave that could lead to a rise above $7.5. This recent prediction aligns with Dark Defender’s previous stance on XRP’s price.
Source: BITCOINIST
