Current Price Analysis
Dark Defender pointed out that the $2.72 mark holds substantial relevance, acting as a dependable support level. He observed that XRP has been closely aligning with his predictions, recently achieving the $2.72 target he highlighted just two days prior. This congruence with his forecasts fuels his confidence in XRP’s current trajectory. The $2.72 threshold has gained increased significance, particularly following XRP’s breakout from a downward resistance trendline on December 15, a trend that had persisted since December 3. Once this breakout occurred, XRP climbed to $2.72 before experiencing a brief pullback, drawing attention to other support levels.Future Growth Potential
According to Dark Defender’s latest technical analysis, two additional support levels—$2.42 and $2.52—are now under the spotlight. If XRP dips below $2.52, $2.42 is expected to act as a critical recovery point, sitting just above the previously mentioned downward resistance trendline. A rebound from this $2.42 level could rejuvenate bullish sentiments. The analyst also outlined crucial hurdles that XRP needs to overcome for future growth. The immediate target is to break past the $2.72 mark, aiming to revisit the 2024 high of $2.92. Should XRP successfully navigate beyond this point, it could position itself for levels not witnessed in over six years.Market Outlook
If XRP surpasses the $2.92 threshold, Dark Defender anticipates a gradual rise towards $3.43—an important goal representing its all-time high that has remained intact for more than seven years. He foresees that sustained positive movement could ultimately push the token up to a long-term target of $5.85. Currently, XRP trades at around $2.51, boasting a market capitalization of roughly $144 billion. Achieving that ambitious $5.85 target would signify a 133% price increase, resulting in a market cap of $351 billion.Source: Bitcoinist
