Here is Why we Could Expect a Major Bullish Move From XRP

Crypto analyst Dark Defender has predicted that XRP could soon hit $5, potentially setting a new all-time high.

He believes this could happen if XRP breaks through the key resistance at $2.52, a move he expects within the next 24 hours. If successful, XRP could continue its rise, with price targets of $5.85 and possibly as high as $18.22.

This outlook is supported by Dark Defender’s analysis using Elliott Wave theory, which previously suggested XRP might reach $18 by mid-2025. Ripple’s recent approval for its RLUSD stablecoin is expected to increase liquidity in the XRP ecosystem, further boosting the cryptocurrency’s prospects.

Hi there. #XRP has almost finalised the ABC Corrective Wave pattern in the daily time frame!

It will be confirmed if XRP breaks $2.52.

I expect XRP to break here within 24 hours.

Road to $5.85 first & then $18.22.

Not Financial Advice#XRPArmy #XRPCommunity #Ripple #RLUSD pic.twitter.com/M4AGMV3Oyy

— Dark Defender (@DefendDark) December 11, 2024

Additionally, speculation around the SEC dropping its appeal against Ripple could provide a positive legal outcome for XRP. Meanwhile, Ripple whales have been increasing their holdings, signaling confidence in XRP’s future.

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Another analyst also forecasts a significant move for XRP, noting a bounce off key support levels and setting a target of $3.46. However, she cautioned that failing to break the current ATH could lead to resistance, limiting further gains.

🚨 XRP Update: A Big Move Could Be Coming! 🚨
What an exciting day for #XRP! We’ve seen a solid wave bounce off the .382 support, which was a key level we’ve been watching. Right now, the price is getting squeezed between the trendline and the .236 support—and when things tighten… pic.twitter.com/NeeblZ4Nug

— CasiTrades 🔥 (@CasiTrades) December 11, 2024

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.