Information provided by cryptocurrency analysts a little bit of optimism Regarding the XRP price, many people are wondering whether to continue the XRP price or not. XRP Token. This happens because the underperformance of cryptocurrency tokens has become a cause for concern for holders. potential manipulation It’s reverberating through the community.
XRP price will reach $18 in the near term
Crypto analyst Dark Defender shared an interesting analysis mentioning XRP in a post on his X (formerly Twitter) platform. It may reach $18 soon. To support his prediction, he noted that XRP is retesting $0.6649. According to him, this level is so important that it is “no joke.” According to him, an upward trend is expected at that price level.
Meanwhile, Dark Defender also shared a monthly chart of XRP in his post. In the chart he noted: XRP It is currently above his previously mentioned price level of $0.6649. If this happens, XRP could move closer to $1. In the chart, he highlighted $0.88 and $1.05 as goals that he “could soon achieve.”
However, the uptrend does not end there, as the cryptocurrency analyst claims that “the 5-wave EW structure on the monthly chart is still in play.” This indicator indicates an XRP hit. Short to medium term $18.22. He noted that XRP will face strong resistance at $1.08, so the journey to $18 is not expected to be smooth.
The good news is that once XRP is able to break out of that level, it will “Kaboom,” as Dark Defender puts it. The attached chart of how quickly XRP could reach $18 suggests this could happen between July and October 2024.
Token price falls to $0.62 | Source: XRPUSD on Tradingview.com
Growing frustration in the XRP community?
Over the weekend, cryptocurrency influencer Chloe came out in support of XRP. X post Where she expressed her frustration XRP price falls And she said, “I sold everything.” Before a post was published suggesting that she had sold her XRP holdings, she previous post She seemed very unhappy with the price action of XRP.
Although Chloe later came out clarify The fact that she did not sell “a single XRP” shows the growing dissatisfaction in the XRP community with her previous posts. today, A lot of people seem confused Due to XRP’s terrible price action. one of them XRP Advocate Legal Expert Bill MorganHe questioned why XRP has been underperforming recently.
to X postThe lawyer said XRP failed to outperform most of the other tokens in the top 10 by market capitalization. Ensure regulatory clarity. Interestingly, he pointed out that the price of XRP was higher five years ago than it is now. According to Morgan, there needs to be a better explanation for XRP’s price movements than simply “saying it follows the market.”
Featured image from CoinGape, chart from Tradingview.com