Crypto analysts like Dark Defender have predicted that the XRP price could still rally to double digits in this market cycle. XRP is currently showing signs of life after Forbes suggested it was a ‘Zombie’ coin earlier in the year.

XRP Price To Reach $10 Despite Forbes Backlash

Crypto analyst Dark Defender has predicted that the XRP price can reach $10 in this market cycle. In fact, based on his Elliot Wave theory analysis, the crypto could rally to as high as $18 sometime next year.

XRP is currently enjoying a bullish momentum, having rallied over 200% since last month. Thanks to this parabolic rally, the coin is up over 290% year-to-date (YTD) despite witnessing a slow start to the year, which led to criticism from platforms like Forbes.

With this bullish momentum, a recent CoinGape market analysis raised the possibility of the XRP price reaching its current all-time high (ATH) of $3.8 as early as this week. Meanwhile, while reaffirming his $18 prediction, Dark Defender provided insights into what to expect from the crypto moving forward.

The crypto analyst stated that $1.8815 and $2.1322 are critical supports for XRP. He added that XRP could range between $2.13 and $2.92 for a few days. If the crypto is able to hold this range, Dark Defender predicts that it could then rally to the new mid-target level of $3.9993.

The analyst’s accompanying chart showed that the next target for the XRP price after it rallies to $3.9 would be $5.5. The rally to these mid-targets is expected to happen sometime this month before the rally to the $18 target begins next year.

A Bounce From $2.19 Will Strengthen Bullish Continuation

In an X post, crypto analyst Egarg Crypto provided an XRP price analysis, in which he stated that a bounce from the $2.1970 level would lead to higher highs and strengthen the bullish continuation.

Meanwhile, the analyst suggested that a break below this level could cause the XRP price to drop to as low as $1.6300. However, the analyst suggested that XRP will still rally to double digits. Before now, the crypto analyst predicted that the crypto could rally to as high as $27.

Amid these predictions, XRP has received a major boost as Donald Trump has nominated Paul Atkins as the next US SEC Chair. Known for his pro0crypto stance, Atkins could drop crypto-related lawsuits like the one against Ripple when he assumes office.

The post Will XRP Price Reach $10 Despite Forbes Calling It A “Zombie” Token? appeared first on CoinGape.

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Filed under: News - @ December 4, 2024 8:23 pm