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XRP price has crossed 100 billion dollars in market capitalization and is in close pursuit of Solana to become the 4th largest crypto on the market. Crypto analyst via the channel: Dark Defender has predicted that after touching $100 billion in market cap, XRP will be able to target $5. However, he said that more so XRP needs to remain near the $1.8815 Fib level and close above it for this upward trajectory to persist.
Technical analysts Egrag Crypto and Mikybull Crypto have in their wagging that a double-digit target is on the horizon for XRP. The XRP price has again touched the $100 billion market cap further boosting the bulls for the digital currency that has been one of the most successful tokens of the recent period. Some of the crypto enthusiasts such as Dark Defender have come up with what could be the future holding for XRP.
XRP Price Could Rally To $5 Next
In an X post, crypto analyst Dark Defender noted that the XRP price might surge as far as $5 in the next move higher. This came as he noted that the first target of $1.8 for XRP in this bull run has however been achieved, making the crypto hit a new $100 billion market cap.
The first of these targets leaves XRP in the perfect position to hit $5.8 – which Dark Defender’s corresponding chart points to as one of the median targets. It is worthy of note that chartists often interpret $18 as a median and refer to the possibility that the crypto might get there at some point.
Dark Defender also recently used his Elliot Wave theory to map how the XRP level could surge to $18 in this current market cycle. The chart demonstrated that this parabolic rally would take place on Wave 5 of the impulsive move to the uplifted side.
In another post in X, we saw this staked, where the crypto analyst noted that the Fibonacci level at $1.8815 is decisively important in short. He pointed out that the price of XRP got to $1.9508 before it pulled back to this Fib level. As for this, he said that the crypto must leave the 1.8815 level above at least three candles.
As the somewhat hydrated Dark Defender advised, one must remain twelve hours above this level first, and then for three days maintain a close above this level. Even if it takes some time now and prices fail to climb over this Fib level, a sustained close above it could ignite a higher high pattern for XRP.
It is important to note that during the recent XRP rally, this crypto outran BNB in market capitalization and became the fifth-largest cryptocurrency. Dark Defender says XRP might soon overtake Solana as the fourth-largest cryptocurrency by market capitalization. The analyst had before now also rather audaciously forecasted that the crypto would at some point in the future overtake Ethereum.
Double Digits Price Target On The Horizon
Other crypto analysts such as Egrag Crypto and Mikybull Crypto have also hinted that the price of XRP is destined to hit such figures in the double digits. According to the analysis being done by Egrag Crypto, FOMO will erupt if the XRP price closes higher than the $2 level. He said that next time around XRP should trade in the double figures between $20 and $27. From the above chart, the analyst seems to be pointing at the 2017 bull run-up in which XRP posted stunning gains on its way to its present ATH of $3.8.
Self-proclaimed crypto analyst Mikybull Crypto also said in an X post that the XRP price has the look of the 2017 rally. From this, the analyst expects XRP to hit $2 and then correct its course before embarking on another vertical hated rally to a new cycle top of probably $10. In another X post, he said to market participants, to wait and see what will happen after XRP set a new ATH. The kind of massive rallies that was/ were seen in 2017 are about to be unveiled out there for all to see. A recent CoinGape market analysis also suggests that, with XRP currently in the spotlight, the crypto’s ATH may be just around the corner.
XRP’s Future: A Promising Outlook Ahead
For instance, the recent run up to $1 in price and above a $100bn market cap places XRP right in the cryptocurrency big leagues. Social sentiment could run up to $5 and above says Dark Defender; the coin must maintain levels above $1.8815 to keep trending. Similar in 2017, our two gurus, Egrag Crypto and Mikybull Crypto expect tenfold targets, possibly $20-$27 in the next upward loop. Even as the XRP relentlessly closes the gap to Solana’s market capitalisation and aims to surpass Ethereum, the possibility of the coin’s expansion remains high due to the combination of investors’ optimism and appropriate price manipulation schemes.
