Dark

<p><strong>The price of XRP, the native cryptocurrency of the XRP Ledger, has plunged around 8% over the past week. XRP is currently trading around $0.61, down from highs above $0.66 last week.</strong></p>
<p>However, popular analyst Dark Defender <a href="https://x.com/DefendDark/status/1725938430486401266?s=20" target="_blank" rel="noopener noreferrer nofollow">remains</a> bullish on XRP in the medium to long term. Dark Defender, who often analyzes XRP price action, stated that the corrective structure in the 4-hour timeframe appears to be complete.</p>
<p>He notes that <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> is currently in oversold territory, which could precede a move back to $0.6649 in the near term.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-1024x576.png" alt="" class="wp-image-380582" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-767x431.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-2048x1151.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-623x350.png 623w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-486-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-486.png 1366w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Dark Defender explains that XRP’s 5 wave Elliott Wave structure remains intact, as XRP closed above the key $0.6131 level on the daily chart. He is watching to see whether XRP holds above $0.6131 on the weekly close. If so, the larger <strong>bullish structure remains in play, with price targets at $0.87-$1.05.</strong></p>
<p>Looking at technical indicators, XRP’s relative strength index (RSI) on the daily chart is currently around 40. The RSI is a momentum indicator that measures the recent speed and magnitude of price movements.</p>
<p>An RSI below 30 typically signals oversold conditions, while above 70 indicates overbought territory. So while the recent sell-off has picked up downward momentum, the<strong> RSI of 40 does not yet indicate oversold levels for XRP.</strong></p>
<p>In summary, while XRP has seen significant selling pressure this week, key support levels remain intact. Analysts like Dark Defender remain optimistic about upside potential given oversold conditions. However, traders should watch critical support at $0.6131 in the days ahead. A decisive break below could invalidate the bullish technical setup.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/leading-ripple-expert-says-1-05-per-xrp-is-still-in-play-but-theres-a-catch/" rel="noopener noreferrer nofollow">Leading Ripple Expert Says $1.05 per XRP is “Still in Play” – But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Leading Ripple Expert Says $1.05 per XRP is “Still in Play” – But There’s a Catch

Table of Contents

CaptainAltcoin

Other articles published on Nov 19, 2023

Whale sells over $97 million in Ethereum (ETH) on exchanges

Terra Classic Price Prediction: Will $LUNC Regain $0.0001 By November End?

Shiba Inu’s Shibarium Debuts New Feature

Van Gogh NFTs sell for millions as tokens moon again

OpenAI Board In Talks To Bring Back Sam Altman As CEO

Top Altcoins To Watch Next Week: Render (RNDR), Dogecoin (DOGE), Solana (SOL) Eye Renewed Gains

Join our free newsletter for daily crypto updates!