Analyst Predict XRP Price Could Hit $77 in This Bull Cycle
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A market analyst has presented a bold projection for XRP price movement, suggesting it could reach as high as $77.7 during the ongoing bull market cycle. This prediction is based on the application of advanced technical tools, including Exponential Fibonacci models and Elliott Wave theory, which are often used to forecast long-term price trends in financial markets. According to the analyst, conventional linear models fail to capture the compounding nature of crypto price movements, especially during the upcoming altcoin rally. XRP Price Prediction: Analyst Says $77 Target Possible in Current Bull Cycle According to crypto analyst Dark Defender, XRP price could climb to $77.7 during the current market cycle. The forecast is based on the use of Exponential Fibonacci levels, a method he claims is underused in crypto market analysis. He explains that standard linear projections do not reflect the actual growth patterns often observed during accelerated market conditions. Dark Defender outlines a five-wave impulse structure based on Elliott Wave theory. In his analysis, Wave 3 is positioned as the most explosive part of the cycle. He suggests that the top altcoin rally may first move between $5 and $8 during this wave. A further push toward $18 to $23 is anticipated before the final wave. Wave 5, the final leg in the structure, is projected to carry XRP price into three-digit levels. His analysis sets the upper range at approximately $77.7, based on the extended Fibonacci measurements. This would mark a substantial increase from current levels and surpass previous highs. Source: X Technical Indicators and Chart Patterns Supporting the Outlook Dark Defender’s projection includes a review of multiple technical indicators. He references Relative Strength Index (RSI) trends and momentum indicators as supporting factors in his analysis. These tools suggest continued bullish pressure, especially on higher time frames like the…
Filed under: News - @ March 23, 2025 2:26 am