TL;DR
- Dark Defender’s XRP Prediction: Analyst Dark Defender predicts XRP’s short-term target could be between $1.05 and $1.88, based on a “cup & handle pattern” in the daily timeframe, but warns of the need for the token to maintain a primary support level.
- XRP’s Current Market Position: XRP is currently trading at around $0.61, experiencing an 11% decrease over the past two weeks.
- EGRAG CRYPTO’s ‘Mega Pump’ Forecast: Another analyst, EGRAG CRYPTO, suggests XRP could see a significant uptrend, or “mega pump,” if it surpasses three key support levels in the coming months.
XRP’s Target Set at Almost $2
Ripple’s native token – XRP – is among the cryptocurrencies subject to most price predictions. The latest such forecast came from the X (Twitter) user Dark Defender, who suggested that the asset has formed “a cup & handle pattern in the daily time frame.”
As such, they assumed that XRP’s short-term target is in the range of $1.05 to $1.88. However, Dark Defender warned that the token must close “under the primary support of $0.6044 for 2 days in a row.”
Currently, XRP trades at around $0.61 (per CoinGecko’s data), representing an 11% decrease on a two-week basis.
Is XRP’ Mega Pump’ Incoming?
Another analyst who believes Ripple’s coin could experience a significant uptrend is the X user EGRAG CRYPTO. They predicted that XRP could witness a “mega pump” in the following months should it overcome three important levels, described as “robust support,” “firm support range,”
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Author: Dimitar Dzhondzhorov