According to Dark Defender, this resemblance suggests a significant upward trajectory for XRP, potentially culminating in what he refers to as a “God Candle.”<\/p>\n
Market Analysis And Forecast: A Closer Look At XRP’s Future<\/h2>\n
Dark Defender’s analysis centers around the observation that the current market dynamics echo the 2017 cryptocurrency boom, characterized by substantial shifts in digital asset valuations<\/a>.<\/p>\n During this time, XRP experienced a notable ascent from mere fractions of a cent to over $3, reaching an all-time high in January 2018.<\/p>\n Drawing from this historical context, Dark Defender suggests that XRP’s current sideways movement may indicate an impending surge, highlighting consistent Fibonacci points as evidence of potential price targets.<\/p>\n This moment is not just a coincidence, it’s a Deja Vu. A Deja Vu that takes us back to 2017, a time of significant shifts in the cryptocurrency market.<\/p>\n We had one of the most extended sideways but the targets and the support Fibonacci points are still the same.<\/p>\n I have added the\u2026 pic.twitter.com\/rnWanciV1i<\/a><\/p>\n \u2014 Dark Defender (@DefendDark) April 17, 2024<\/a><\/p><\/blockquote>\n While recent market activity has seen XRP’s value decline by approximately 22% over the past week, with prices dipping from last Thursday’s $0.60 to as low as $0.44 during the weekend, there are signs of resilience within the altcoin.<\/p>\n In the early hours of today, XRP exhibited a modest uptick<\/a>, posting a marginal increase of around 1.2% and reaching a 24-hour high of $0.50. However, at the time of writing, the altcoin has retraced back down by 0.4% with a current market price of $0.49.<\/p>\n Amidst this fluctuation, XRP whales have demonstrated a bearish sentiment. Particularly, Whale Alerts, a whale transaction tracker, has recently shared significant transactions<\/a> on social media platform X, highlighting the movement of large volumes of tokens.<\/p>\n One notable transaction involved the transfer of 158 million tokens valued at $77 million from a private wallet to the Binance crypto exchange<\/a>. This sizable transfer raised concerns among investors anticipating a shift from a bearish trend to a bullish surge.<\/p>\n Additionally, another transaction involved the transfer of 28.9 million XRP, equivalent to $14.2 million, to Bitstamp. Despite the prevailing bearish sentiment, cryptocurrency analyst Javon Marks, similar to Darkdefender, has revealed his optimistic outlook<\/a> on the altcoin.<\/p>\n Marks, previously recognized for his bullish stance on the altcoin, recently adjusted his predictions, envisioning a 400x surge in XRP’s price. His forecast projects the altcoin to soar to roughly $288<\/a>.<\/p>\n With a Full Logarithmic Follow through, prices of $XRP<\/a> (Ripple) may be more than poised for $200+.<\/p>\n Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER!<\/p>\n A mind-boggling, +33,030% run from\u2026 https:\/\/t.co\/RWklG3ALh0<\/a> pic.twitter.com\/r1Jie98X9s<\/a><\/p>\n\n
XRP Market Sentiment<\/h2>\n
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