{"id":36655,"date":"2024-03-09T01:52:37","date_gmt":"2024-03-09T05:52:37","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=36655"},"modified":"2024-03-09T01:52:37","modified_gmt":"2024-03-09T05:52:37","slug":"crypto-analyst-says-xrp-price-could-rocket-2300-to-14-6-heres-how","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/03\/09\/crypto-analyst-says-xrp-price-could-rocket-2300-to-14-6-heres-how\/","title":{"rendered":"Crypto Analyst Says XRP Price Could Rocket 2,300% To $14.6, Here\u2019s How"},"content":{"rendered":"

The XRP price has now managed to position itself<\/a> above the $0.6 psychological level, as the entire crypto<\/a> market waddles in bullish action<\/a> in the past month. Popular crypto analyst Dark Defender has predicted an interesting price point for XRP, revealing that the crypto could reach $14.61 if the XRP\/BTC pair reaches a record high.\u00a0\u00a0<\/p>\n

XRP Could Skyrocket 2,300%<\/h2>\n

Dark Defender\u2019s recent analysis of XRP\u2019s price trajectory is based on its past performance against Bitcoin on the XRP\/BTC pair. A deep dive into the XRP\/BTC chart shared on X by the analyst reveals that XRP has been underperforming against Bitcoin since the middle of 2023. XRP has been down 60% against Bitcoin<\/a> since August 2023. Recent market dynamics have further exacerbated its underperformance against Bitcoin, as Bitcoin continues to push against various price levels to reach a new all-time high<\/a>.<\/p>\n

Interestingly, Dark Defender noted that the price action of the pair has now reached a support which will determine XRP\u2019s price trajectory in the coming months. The so-called support has the characteristics of the formation of higher lows since 2015 and is now at the 0.00000914 level.<\/p>\n

The price chart noted a bounce over this support to usher in an incoming breakout of epic proportions to the current high of 0.00024351. The last time a bounce happened, XRP would go on to overperform Bitcoin by over 5,000% throughout 2017 and early 2018. \u201cIt will be the awakening of 6 years,\u201d the analyst said.<\/p>\n

We had the Orange and the Green Arrows on the #XRP<\/a>\/#BTC<\/a> pair.<\/p>\n

We reached the Support, Ultimate.<\/p>\n

The #Purple<\/a> Arrow is here.<\/p>\n

It will be the awakening of 6 years.<\/p>\n

Some can see, & some can\u2019t. pic.twitter.com\/yyqhwjopiX<\/a><\/p>\n

\u2014 Dark Defender (@DefendDark) March 6, 2024<\/a><\/p>\n

When asked for an XRP price point, Dark Defender clarified that the<\/a> XRP\/BTC pair increases only when XRP appreciates against BTC. In the scenario that BTC starts to perambulate around the $60,000 price level, a surge in the XRP\/BTC to the 0.00024351 level would relate to XRP reaching $14.61. In the scenario that Bitcoin reaches $100,000<\/a> and sticks around this price level, XRP could trade for over $20 with the same all-time high on the XRP\/BTC pair.\u00a0<\/p>\n

With XRP now trading at $0.6205, a surge to $14.61 and $20 would mean an increase of 2,250% and 3,120%, respectively, from the current price level.\u00a0<\/p>\n

Continued Bullish Sentiment For XRP Price?<\/h2>\n

Other crypto analysts have predicted bullish price points for XRP in the near future. For example, Crypto analyst Jaydee highlighted XRP breaking out<\/a> of a six-year trendline which could mean a further move to the upside.<\/p>\n

In another technical analysis using the Elliott Waves theory, Dark Defender predicted XRP to reach<\/a> $1 in March, a level that it hasn\u2019t attained since May 2021.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

The XRP price has now managed to position itself<\/a> above the $0.6 psychological level, as the entire crypto<\/a> market waddles in bullish action<\/a> in the past month. Popular crypto analyst Dark Defender has predicted an interesting price point for XRP, revealing that the crypto could reach $14.61 if the XRP\/BTC pair reaches a record high.\u00a0\u00a0<\/p>\n

XRP Could Skyrocket 2,300%<\/h2>\n

Dark Defender\u2019s recent analysis of XRP\u2019s price trajectory is based on its past performance against Bitcoin on the XRP\/BTC pair. A deep dive into the XRP\/BTC chart shared on X by the analyst reveals that XRP has been underperforming against Bitcoin since the middle of 2023. XRP has been down 60% against Bitcoin<\/a> since August 2023. Recent market dynamics have further exacerbated its underperformance against Bitcoin, as Bitcoin continues to push against various price levels to reach a new all-time high<\/a>.<\/p>\n

Interestingly, Dark Defender noted that the price action of the pair has now reached a support which will determine XRP\u2019s price trajectory in the coming months. The so-called support has the characteristics of the formation of higher lows since 2015 and is now at the 0.00000914 level.<\/p>\n

The price chart noted a bounce over this support to usher in an incoming breakout of epic proportions to the current high of 0.00024351. The last time a bounce happened, XRP would go on to overperform Bitcoin by over 5,000% throughout 2017 and early 2018. \u201cIt will be the awakening of 6 years,\u201d the analyst said.<\/p>\n

We had the Orange and the Green Arrows on the #XRP<\/a>\/#BTC<\/a> pair.<\/p>\n

We reached the Support, Ultimate.<\/p>\n

The #Purple<\/a> Arrow is here.<\/p>\n

It will be the awakening of 6 years.<\/p>\n

Some can see, & some can\u2019t. pic.twitter.com\/yyqhwjopiX<\/a><\/p>\n

\u2014 Dark Defender (@DefendDark) March 6, 2024<\/a><\/p>\n

When asked for an XRP price point, Dark Defender clarified that the<\/a> XRP\/BTC pair increases only when XRP appreciates against BTC. In the scenario that BTC starts to perambulate around the $60,000 price level, a surge in the XRP\/BTC to the 0.00024351 level would relate to XRP reaching $14.61. In the scenario that Bitcoin reaches $100,000<\/a> and sticks around this price level, XRP could trade for over $20 with the same all-time high on the XRP\/BTC pair.\u00a0<\/p>\n

With XRP now trading at $0.6205, a surge to $14.61 and $20 would mean an increase of 2,250% and 3,120%, respectively, from the current price level.\u00a0<\/p>\n

Continued Bullish Sentiment For XRP Price?<\/h2>\n

Other crypto analysts have predicted bullish price points for XRP in the near future. For example, Crypto analyst Jaydee highlighted XRP breaking out<\/a> of a six-year trendline which could mean a further move to the upside.<\/p>\n

In another technical analysis using the Elliott Waves theory, Dark Defender predicted XRP to reach<\/a> $1 in March, a level that it hasn\u2019t attained since May 2021.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-36655","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=36655"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36655\/revisions"}],"predecessor-version":[{"id":36665,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36655\/revisions\/36665"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36655"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}