{"id":634506,"date":"2024-08-10T16:00:22","date_gmt":"2024-08-10T16:00:22","guid":{"rendered":"https:\/\/ktsl888.com\/?p=634506"},"modified":"2024-08-10T09:32:17","modified_gmt":"2024-08-10T09:32:17","slug":"xrp-price-enters-wave-3-crypto-analyst-puts-top-at-36-76","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/xrp-price-enters-wave-3-crypto-analyst-puts-top-at-36-76\/","title":{"rendered":"XRP Price Enters Wave 3, Crypto Analyst Puts Top At $36.76"},"content":{"rendered":"

Crypto analyst Dark Defender<\/span><\/a> provided an in-depth analysis of <\/span>XRP price action<\/span><\/a> using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed.\u00a0<\/span><\/p>\n

Related Reading: Analyst Says Dogecoin Price Will Surge 2,500% To $2.55, Here\u2019s When<\/a><\/div>\n

XRP Could Rise To As High As $18 On Its Next Leg Up<\/b><\/h2>\n

Dark Defender<\/span><\/a> revealed in an X (formerly Twitter) <\/span>post<\/span><\/a> that XRP is now in <\/span>wave three<\/span><\/a> based on the chart structure he shared, with the crypto token targeting $1.88, $5.85, and $18.22 on this bullish wave. The chart also showed that XRP could reach this price target of $18.22 at the beginning of next year when wave three is set to be completed.<\/span><\/p>\n

\"\"<\/p>\n

Wave 4, a corrective move, could see XRP drop to as low as $9 from the projected price of $18.22. However, the crypto token will enjoy a bullish move on wave five, with Dark Defender predicting that <\/span>XRP will top at $36.76<\/span><\/a> when that time comes. <\/span>XRP holders<\/span><\/a> might have to wait a while for such a parabolic rally, as the chart shows that this move won\u2019t happen until 2026.\u00a0<\/span><\/p>\n

Meanwhile, Dark Defender also provided insights into what to expect from XRP\u2019s price in the short term. He stated that market participants can \u201cquickly expect\u201d the crypto token to hit $1.03 once it achieves a successful breakout above $0.66. Crypto analyst RLinda also <\/span>mentioned<\/span><\/a> that a breakout above the $0.6 range would open a \u201cnew path\u201d for XRP.\u00a0<\/span><\/p>\n

XRP is currently trading at $0.58. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Dark Defender added that XRP staying above 1.03 \u201crepresents an extreme Bullish Zone above the Ichimoku Clouds on the monthly time frame.\u201d The analyst also highlighted the Moving Average Convergence\/Divergence (MACD) monthly indicator, which he noted had turned bullish for the coin.\u00a0<\/span><\/p>\n

External Decisions Do Not Drive XRP\u2019s Price<\/b><\/h2>\n

Dark Defender made a bold claim, stating that XRP\u2019s price is driven not by external decisions but by its pattern. He made this statement while addressing why the recent conclusion of the lawsuit between the <\/span>US Securities and Exchange Commission (SEC)<\/span><\/a> and Ripple didn\u2019t impact the token\u2019s price.\u00a0<\/span><\/p>\n

Despite Dark Defender\u2019s claim, it is worth mentioning that XRP rose by over 18% to $0.6 following <\/span>Judge Analisa Torres\u2019 ruling<\/span><\/a>, which ended the case <\/span>between the SEC and Ripple<\/span><\/a>. However, it has cooled off since then, with this price action looking to have fallen short of the expectations of many holders. Before now, the lawsuit’s conclusion was projected as one of the catalysts that could easily send the altcoin above $1.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000<\/a><\/div>\n

XRP holders might just have to be patient. Crypto analysts like CrediBULL Crypto are <\/span>confident<\/span><\/a> that the conclusion of the case between the SEC and Ripple has paved the way for XRP to reach a new all-time high (ATH) in <\/span>this bull run<\/span><\/a>.\u00a0<\/span><\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed.\u00a0 Related Reading: Analyst Says Dogecoin Price Will Surge 2,500% To $2.55, Here\u2019s When XRP Could Rise To As High As $18 On Its Next Leg Up Dark Defender revealed in an X (formerly Twitter) post that XRP is now in wave three based on the chart structure he shared, with the crypto token targeting $1.88, $5.85, and $18.22 on this bullish wave. The chart also showed that XRP could reach this price target of $18.22 at the beginning of next year when wave three is set to be completed. Wave 4, a corrective move, could see XRP drop to as low as $9 from the projected price of $18.22. However, the crypto token will enjoy a bullish move on wave five, with Dark Defender predicting that XRP will top at $36.76 when that time comes. XRP holders might have to wait a while for such a parabolic rally, as the chart shows that this move won\u2019t happen until 2026.\u00a0 Meanwhile, Dark Defender also provided insights into what to expect from XRP\u2019s price in the short term. He stated that market participants can \u201cquickly expect\u201d the crypto token to hit $1.03 once it achieves a successful breakout above $0.66. Crypto analyst RLinda also mentioned that a breakout above the $0.6 range would open a \u201cnew path\u201d for XRP.\u00a0 Dark Defender added that XRP staying above 1.03 \u201crepresents an extreme Bullish Zone above the Ichimoku Clouds on the monthly time frame.\u201d The analyst also highlighted the Moving Average Convergence\/Divergence (MACD) monthly indicator, which he noted had turned bullish for the coin.\u00a0 External Decisions Do Not Drive XRP\u2019s Price Dark Defender made a bold claim, stating that XRP\u2019s price is driven not by external decisions but by its pattern. He made this statement while addressing why the recent conclusion of the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple didn\u2019t impact the token\u2019s price.\u00a0 Despite Dark Defender\u2019s claim, it is worth mentioning that XRP rose by over 18% to $0.6 following Judge Analisa Torres\u2019 ruling, which ended the case between the SEC and Ripple. However, it has cooled off since then, with this price action looking to have fallen short of the expectations of many holders. Before now, the lawsuit’s conclusion was projected as one of the catalysts that could easily send the altcoin above $1.\u00a0 Related Reading: Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000 XRP holders might just have to be patient. Crypto analysts like CrediBULL Crypto are confident that the conclusion of the case between the SEC and Ripple has paved the way for XRP to reach a new all-time high (ATH) in this bull run.\u00a0 Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":634514,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1558,3504,3680,4531],"class_list":["post-634506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-cryptocurrency","tag-price","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\nXRP Price Enters Wave 3, Crypto Analyst Puts Top At $36.76<\/title>\n<meta name=\"description\" content=\"Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. 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