Search results for Dark Defender
Crypto
XRP wavers around $1 as analyst says it will outperform bitcoin and ethereum
XRP is nearing a major turning point versus bitcoin and ethereum, a market analyst said. Dark Defender said the XRP-to-ether ratio could be finishing an Elliott Wave 4 correction and entering a Wave 5 rise, potentially letting XRP lead the market after ether rises further in the near term. Another analyst, ChartNerd, said nothing is absolute and warned XRP could stay weak into year-end. XRP traded at $1, while ether was about $1,910.
Crypto
XRP long-term pattern points to $8.50 after correction, analyst says
XRP is entering the final stage of a long-term triangle consolidation pattern, raising expectations of a sharp rise in the next bullish phase, an analyst said. Ali Martinez said XRP has traded within a 9-year ascending triangle on the monthly chart and could head to new highs if it breaks long-term resistance. He cited a macro support zone of $0.75 to $0.80 and a chart target of $8.50, while warning of possible further correction.
Crypto
XRP could rise to $18 after correction, Wave 5 optimism grows
XRP could climb as high as $18.22 once its current correction ends, according to an analysis cited by The Crypto Basic. The token has moved within a five-stage Elliott Wave structure since the collapse of the Terra ecosystem in 2022, and the Wave 4 correction is seen as nearing completion. Analyst Dark Defender said Wave 5 could begin soon, setting targets at $1.88, $5.86 and $18.22, or 1,156 percent above the current price.