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Home»EXCHANGE NEWS»Crypto analyst says XRP price could rise 2,300% to $14.6. Here’s how:
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Crypto analyst says XRP price could rise 2,300% to $14.6. Here’s how:

By Crypto FlexsMarch 9, 20243 Mins Read
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Crypto analyst says XRP price could rise 2,300% to .6.  Here’s how:
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XRP price is currently succeeded in establishing itself It is above the $0.6 psychological level. All cryptocurrencies market take optimistic action Last month. Predicting an interesting price range for XRP, popular cryptocurrency analyst Dark Defender revealed that the cryptocurrency could reach $14.61 if the XRP/BTC pair reaches an all-time high.

XRP Could Soar 2,300%

Dark Defender’s latest analysis of XRP’s price trajectory is based on the past performance of the XRP/BTC pair against Bitcoin. A closer look at the XRP/BTC chart shared by the analyst on X shows that XRP has been underperforming Bitcoin since mid-2023. XRP fell 60%. Compared to Bitcoin Recent market dynamics have further exacerbated the poor performance for Bitcoin as it continues to struggle against various price levels. Break an all-time high.

Interestingly, Dark Defender pointed out that the price action of this pair has now reached a support line that will determine the price trajectory of XRP in the coming months. The so-called support line is characterized by higher lows since 2015 and is currently at the 0.00000914 level.

The price chart recorded a bounce against this support to induce a huge percentage break to the current high of 0.00024351. The last time a rebound occurred, XRP outperformed Bitcoin by more than 5,000% across 2017 and early 2018. “It will be a six-year awakening,” the analyst said.

We had the orange arrow and the green arrow. #XRP/#BTC pair.

We’ve reached Support, Ultimate.

that much #purple The arrow is here.

It will be a 6-year awakening.

Some people can see it and some cannot. pic.twitter.com/yyqhwjopiX

— Dark Defender (@DefendDark) March 6, 2024

Dark Defender when asked about XRP price range He said. The XRP/BTC pair only increases when XRP increases in value against BTC. In a scenario where BTC starts hovering around the $60,000 price level, a surge in XRP/BTC towards the 0.00024351 level would be associated with XRP reaching $14.61. In a scenario where Bitcoin runs Reach $100,000 If this price level is maintained, XRP could trade above $20, the same all-time high in the XRP/BTC pair.

With XRP currently trading at $0.6205, a surge to $14.61 and $20 would represent increases of 2,250% and 3,120% respectively from current price levels.

Continued bullish sentiment on XRP price?

Other cryptocurrency analysts have predicted a bullish price for XRP in the near future. For example, cryptocurrency analyst Jaydee highlighted XRP. to escape The six-year trend line could indicate further upside.

Another technical analysis using Elliott Waves theory is Dark Defender. XRP expected to reach It was $1 in March, a level not reached since May 2021.

XRP price resumes uptrend | Source: XRPUSDT on Tradingview.com

Featured image from CNBC, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

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