Ethereum

Waves

Dark

Show

<p>XRP, the native token of the XRP Ledger, was rejected at the $0.60 level once again this week and has since retreated to around $0.57. This recent price action is frustrating many investors, as XRP has been rangebound between $0.50 and $0.70 for the last three months.</p>
<p>However, <a href="https://x.com/DefendDark/status/1745777208583422153?s=20" target="_blank" rel="noopener noreferrer nofollow">according</a> to prominent XRP analyst Dark Defender, the long-term outlook remains extremely bullish. In a recent Twitter thread, he reiterated his mid-term price target of $333 for <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>, explaining:</p>
<p>“Our mid-term target did not change and stays at $333 for #XRP. Today, I am updating you on 6 Month Time Frame, which means 1 Bar represents 6 months on the chart. I shared this Elliott Wave Structure many times in 2021 &amp; told it as a long-term target &amp; revised it to mid-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/2024/01/image-364-1024x576.png" alt="" class="wp-image-419698" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-364-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-364-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-364-767x431.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-364-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-364-2048x1151.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-364-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-364-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-364-623x350.png 623w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-364-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-364.png 1366w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>For those unfamiliar, Elliott Wave analysis is a form of technical analysis that tracks repeating patterns in price movements. Dark Defender has long utilized Elliott Waves in determining his lofty XRP targets.</p>
<p>Specifically, he notes that if the current bull market cycle peaks at XRP’s all-time high around $3.80, then the ensuing “Grand Wave 3” would take the price all the way to $333 based on the patterns observed. Even if using a slightly lower ATH around $3.55, the target would still be around $256.</p>
<p>So in summary, Dark Defender’s mid-term target for XRP sits between $256 to $333, depending on which exchange’s ATH is used in the Elliott Wave calculations. While this may seem optimistic to some, he views it as “pure Math based on Elliott Waves.”</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>Dark Defender closed by saying: “Unless otherwise proven, it will stand still as a solid Fact.”</p>
<p>So despite the recent ranging price action, some crypto analysts like Dark Defender remain steadfast in their belief that much higher prices are ahead for XRP in the mid-term. It may test the patience of investors, but long-term holders continue to accumulate in anticipation of the next major bull run.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/ethereum-eth-becomes-bullish-across-all-timeframes-could-reach-this-price-in-2-months/" target="_blank" rel="noopener noreferrer nofollow">Ethereum (ETH) Becomes Bullish Across All Timeframes, Could Reach This Price in 2 Months</a></li>
 <li><a href="https://captainaltcoin.com/xrp-price-struggles-to-break-out-due-to-mixed-signals-as-ripple-vs-sec-case-drags-on/" target="_blank" rel="noopener noreferrer nofollow">XRP Price Struggles to Break Out Due to Mixed Signals as Ripple vs SEC Case Drags On</a></li>
 <li><a href="https://captainaltcoin.com/analyst-backs-pushd-pushd-presale-over-the-likes-of-dogecoin-doge-and-pepe-pepe/" target="_blank" rel="noopener noreferrer nofollow">Analyst Backs Pushd (PUSHD) Presale Over The Likes Of Dogecoin (DOGE) And Pepe (PEPE)</a></li>
</ul>
<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/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" 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-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </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/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/a-sleeping-crypto-giant-why-one-ripple-analyst-sees-xrp-surging-to-333/" rel="noopener noreferrer nofollow">A Sleeping Crypto Giant? Why One Ripple Analyst Sees XRP Surging to $333</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

A Sleeping Crypto Giant? Why One Ripple Analyst Sees XRP Surging to $333

Table of Contents

CaptainAltcoin

Other articles published on Jan 13, 2024

Educational gap has a drastic impact on PR and brand marketing in crypto | Opinion

Verity One Tackles Luxury Watch Authentication Challenges with AI and Blockchain

Odds of Polkadot holding onto its growth in 2024

Robert Kiyosaki Advocates for Diversification Amid Rising National Debt

Surging AI Integration for Autumn Forecast in Singapore and APAC

'Rich Dad Poor Dad' Author Brings New Smashing Reason for Buying Bitcoin (BTC)

Join our free newsletter for daily crypto updates!