Dark

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-xrp-price-surge/" data-wpel-link="internal">Analyst Predicts XRP Price Surge</a> 
Recently, a crypto currency analyst predicted that XRP could rise to $0.91, supporting this claim with a post on platform X. The prediction by Dark Defender, whose name has been heard more frequently lately, came during a time when XRP, like the rest of the market, had fallen below the $0.55 level, exciting investors. 
<h2 style="text-align: justify" id="analyst-s-commentary-on-xrp">Analyst’s Commentary on XRP</h2> 
<a href="https://coin-turk.com/sec-komisyon-uyesi-ripple-xrp-davasi-hakkinda-ilk-kez-konustu" data-wpel-link="internal">Ripple</a>‘s XRP, central to the major battle with the SEC, displayed a negative outlook today, while the analyst’s statement indicated a contrary movement in the market. Derivative data shows a downtrend for the token, but consolidation could be closer than expected. 
While all this was happening, Dark Defender shared multiple posts about XRP on platform X over the last few days, clearly emphasizing his bullish expectations for the <a href="https://en.coin-turk.com/xrp-gains-ground-in-the-crypto-market-bal-whale-activity-and-social-interactions-surge/" data-wpel-link="internal">Ripple</a>-backed token. What excited investors was the analyst’s price prediction; according to Dark Defender, as part of the third wave targets, XRP could reach $1.88. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-317804" src="https://coin-turk.com/wp-content/uploads/2024/02/dark-defender-coin-turk-com.jpg" alt="" width="682" height="385"> 
In line with his view, the analyst also stated that XRP reached the orange resistance on the daily chart on February 17, emphasizing that short-term support levels will be important. 
According to the analyst’s interpretation, if the second wave performed by XRP is positioned as a correction wave, the endpoint lies between $0.5198 and $0.5066. 
The analyst also highlighted that for XRP, breaking the daily Ichimoku Clouds, a technical indicator of support and resistance, could signal a rise in the broader crypto market. 
A potential break above the Ichimoku Clouds could initiate a significant uptrend, enabling XRP to reach its targets of $0.6649, $0.7707, and $0.9191 respectively. Conversely, a close below the Ichimoku Clouds could trigger a downtrend for XRP. 
<h2 style="text-align: justify" id="xrp-price-declines">XRP Price Declines</h2> 
As of this writing, XRP’s price has experienced a sharp decline of 4.77% in the last 24 hours and is currently trading at $0.5400, having dipped below this level several times. 
Following last week’s movement that pushed the price above $0.5, XRP has seen a decline despite rumors sparked by Brad Garlinghouse‘s positive comments on a potential XRP ETF, due to market conditions. 
Additionally, the recent price drop has led to significant liquidations in the volatile crypto currency market. Within the last 24 hours, positions worth $300 million were liquidated, contributing to declines in altcoins, including XRP. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-xrp-price-surge/" data-wpel-link="internal">Analyst Predicts XRP Price Surge</a></h5>

Analyst Predicts XRP Price Surge

Table of Contents

COINTURK NEWS

Other articles published on Feb 21, 2024

PostFinance brings crypto into the daily lives of 2.5 million Swiss people

Circle Announces the End of USDC Operations on Tron Platform

XRP (XRP) Price Climbs, Flow (FLOW) Price Prediction – Pullix (PLX) Predicted to 100x As Token Is...

Brad Garlinghouse Hints at Potential XRP ETFs Following Bitcoin Spot ETF Approval

MicroStrategy’s Michael Saylor Reveals His Ultimate Bitcoin Exit Strategy

Bitcoin May Peak Sooner in This Cycle

Join our free newsletter for daily crypto updates!