Token

Memecoin

<p>XRP price has remained relatively flat this week, down a modest 1% to trade around $0.54. Technical analysis shows that XRP recently broke out of a descending channel it had been stuck in since late November, marked by the blue lines on the price chart.</p>
<p>However, the price has failed to see any significant pumps and if the current direction continues over the next few weeks, XRP could enter into a sideways trading channel.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="538" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-1024x538.png" alt="" class="wp-image-442343" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-1024x538.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-300x158.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-767x403.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-1536x807.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-2048x1076.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-285x150.png 285w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-666x350.png 666w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-836-788x414.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-836.png 1507w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Notably, the 200-day moving average currently sits at $0.56. As a reminder, the 200-day moving average is a widely followed technical indicator that smooths out price action to identify long-term trends. With <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> still below this level, it indicates the asset remains in bearish territory from a long-term standpoint.</p>
<p>Popular crypto analyst Dark Defender <a href="https://x.com/DefendDark/status/1760258875616338130?s=20" target="_blank" rel="noopener noreferrer nofollow">offered</a> an optimistic take on where XRP is headed next. In a recent tweet, he noted <em>“When #XRP was 17 cents, and we were calling the $2+ in 2021, people felt that XRP would never appreciate. XRP hit almost $2 at that time. ‘We called it the most significant wave B in crypto. XRP is expected to hit $5.85 as the average point, and people will say the same at that time. Wave 3: this run is in play.”</em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-1024x576.png" alt="" class="wp-image-442335" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-767x431.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-2048x1151.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-623x350.png 623w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-835-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-835.png 1366w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Defender sees the recent price action as the end of the corrective Wave 2, with key support at $0.5198 to $0.5066. From there, he expects XRP to break out and tear through the daily Ichimoku Clouds en route to hitting initial targets at $0.6649, $0.7707, and $0.9191.</p>
<p>However, he views $5.85 as the next major inflection point where XRP will see another wave of extreme bullish momentum, akin to when it ran to nearly $2.</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>In Defender’s view, the current consolidation sets the stage for the next leg in XRP’s ongoing bull market. And if his wave analysis proves correct, $5.85 serves as the midpoint target for the massive Wave 3 that could send XRP to unprecedented highs over the long-term.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/prom-token-hits-the-bulls-heres-why-this-nft-gaming-token-could-surge-even-more/" target="_blank" rel="noopener noreferrer nofollow">Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More</a></li>
 <li><a href="https://captainaltcoin.com/fetch-ai-soars-amid-major-exchange-announcement-top-analyst-says-fet-is-trying-to-print-new-all-time-highs-heres-his-outlook/" target="_blank" rel="noopener noreferrer nofollow">Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook</a></li>
 <li><a href="https://captainaltcoin.com/spacex-accepts-doge-for-payments-will-this-popular-memecoin-be-next/" target="_blank" rel="noopener noreferrer nofollow">SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($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/ripple-analyst-predicts-5-85-xrp-as-next-target-in-ongoing-bull-run-but-theres-a-catch/" rel="noopener noreferrer nofollow">Ripple Analyst Predicts $5.85 XRP as Next Target in Ongoing Bull Run – But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple Analyst Predicts $5.85 XRP as Next Target in Ongoing Bull Run – But There’s a Catch

Table of Contents

CaptainAltcoin

Other articles published on Feb 22, 2024

BlackRock Went from 0 to 122,600 Bitcoin (BTC) in Six Weeks

Nigerian Authorities Announces Ban on Crypto Exchanges to Save Naira

Bitcoin’s Market Dynamics: Institutional Interest and Whale Accumulation

Woldcoin (WLD) & Singularity (AGIX) Fight for Supremacy: Who Will Be the Top Performer for the Day?

Binance Margin Lists New Trading Pairs: Here is the List

Binance Labs invests in EigenLayer’s liquid restaking service Renzo

Join our free newsletter for daily crypto updates!