Cryptocurrency analyst Dark Defender predicted that the price of XRP could soon rise to a new all-time high (ATH) of $4. The analyst revealed a bullish pattern has formed for XRP, indicating that the cryptocurrency could reach this price target and rise even higher.
How the price of XRP will reach a new ATH of $4.
The price of XRP will reach a new ATH of $4. He commented that after breaking the $2.90 level, XRP could move towards the important Fibonacci level of $5.85.
The analyst also revealed that XRP's Relative Strength Index (RSI) has a golden cross, which he claims is bullish. He outlined short-term targets for XRP, including $2.90, $5.85, and $8.03. Dark Defender added that $2.44 and $2.33 are support levels for the cryptocurrency.
The accompanying chart from the analyst shows that XRP could reach this price target of $4 sometime in March, after which it will rise to $8. Dark Defender previously predicted that this cryptocurrency could reach $8 as long as it recovers the $3 price level, which remains a crucial break-even point.
Meanwhile, cryptocurrency analyst CasiTrades has warned market participants to pay attention to the resistance levels at $2.67 and $2.95, which are crucial resistance levels for XRP to achieve a new ATH. Furthermore, cryptocurrency analyst Mikybull Crypto noted that this cryptocurrency is bouncing back and asserts that $4 will be the next level, which will also mark a new ATH for XRP.
Ripple whales are making moves.
In the context of XRP's price expected to rise sharply, Ripple whales have made moves as they seek to position themselves for this bullish rally. Whale Alert data shows a whale recently transferred 60 million XRP ($163.7 million) from one unidentified wallet to another unidentified wallet.
Meanwhile, these whales have also transferred 430 million coins. Ripple is at the center of one of the transactions, as the company transferred 300 million coins from its wallet to an unidentified wallet.
#BNBRiseContinues #PPIShockwave #MarketLiquidation #XRPBullishOrBearish
