- Market Analyst Dark Defender forecasts XRP’s potential surge to $5.85.
- Crypto Assets Guy recommends holding 10,000 XRP for 3-5 years, predicting its value might reach $100.
XRP’s Current Trajectory: Between Prediction and Reality
As the crypto world keeps a watchful eye, XRP remains on a steadfast path to a promising $5.85 target, as noted by Dark Defender, a respected market analyst. Applying the Elliott Wave theory, the crypto expert recently revised his predictions, noting that XRP faithfully adheres to the outlined Fibonacci levels, specifically floating between the $0.46 and $0.52 benchmarks.
Dark Defender’s keen insights on XRP’s 3-Wave pattern haven’t gone unnoticed. He initially hypothesized the coin would touch the $0.89 and $1.88 marks during Wave 1. Although it topped off at $0.91, the trajectory was close.
Post the completion of Wave 1, a corrective Wave 2 was on the horizon, which saw XRP dipping, almost in line with Dark Defender’s foresight. As the asset currently trades at approximately $0.4896, the analyst remains bullish about its potential, especially upon the completion of Wave 3, with targets pegged at $1.33, $1.88, and the ambitious $5.85.
Triangular Trends and Predicted Movements
Delving deeper into XRP‘s patterns, several triangles emerge, offering insights into the crypto’s movements. The smaller Triangle 1 took shape following XRP’s drop from its April 2021 high of $1.96. In contrast, Triangle 2, noticeably larger, formed after XRP’s descent from its all-time high of $3.31 in January 2018. Interestingly, Dark Defender underlines that XRP’s trajectory has remained within the confines of these triangles, providing significant levels of interest.
An upswing to the boundary of the expansive Triangle 2 could lead XRP to its initial Wave 3 target of $1.33. Beyond that, the expert speculates potential surges to $1.88 and eventually $5.85 — which would signify a monumental 1,094% leap from XRP’s present valuation.
The Million-Dollar Question: Is Holding 10,000 XRP Worth It?
The allure of holding XRP isn’t confined to analysts. Crypto Assets Guy recently vocalized a sentiment echoed by many: owning 10,000 XRP and holding onto it for 3-5 years could translate to significant dividends. Should XRP touch the $100 mark, as some experts believe, this holding strategy could equate to a million-dollar return. But such projections aren’t without their nuances.
In my humble opinion holding 10,000 $XRP is enough if you are holding long term
By long term I mean 3-5 years from today
XRP could reach $100 by then
So 10,000 XRP x $100 = $1M
Not bad, right?
— Crypto Assets Guy (@cryptoassetsguy) October 16, 2023
The crypto landscape is renowned for its volatility, and XRP, with its history of price swings and regulatory confrontations, is no exception. However, if one can navigate these tumultuous waters, the “patient dog” might indeed get the fattest bone.
Connect with Collin Brown on X (Twitter) for valuable market insights, frequent updates, and a touch of humor!