Analyst Reveals How The XRP Price Will Hit New ATH Of $5

Crypto analyst Dark Defender has predicted that the XRP price could soon rally to a new all-time high (ATH) of $5. The analyst revealed a bullish pattern that had formed for XRP, which showed that the crypto could reach this price target and rally higher.

How The XRP Price Will Reach A New ATH Of $5

In an X post, crypto analyst Dark Defender predicted that the XRP price will reach a new ATH of $5. He remarked that after eliminating the $2.90 level, XRP could proceed to the critical Fibonacci level of $5.85.

The analyst also revealed that XRP’s Relative Strength Index (RSI) has the golden cross, which he claimed is bullish. He outlined the short-term targets for XRP, which include $2.90, $5.85, and $8.03. Dark Defender added that $2.44 and $2.33 are support levels for the crypto.

The analyst’s accompanying chart showed that XRP could hit this $5 price target sometime in March, after which it would rally to the $8 mark. Dark Defender had previously predicted that the crypto could hit $8 as long as it reclaims the $3 price level, which remains a crucial breakeven point.

Meanwhile, crypto analyst CasiTrades warned market participants to watch out for the $2.67 and $2.95 resistance levels, which are critical to XRP’s reaching a new ATH. Meanwhile, crypto analyst Mikybull Crypto noted that the crypto was bouncing off and asserted that $4 should be the next level, which would also mark a new ATH for XRP.

Another Bullish Formation For The Crypto

In an X post, crypto analyst Egrag Crypto highlighted another bullish XRP price pattern. He remarked that XRP is now eyeing the ascending triangle and added that a close above $2.75 could lead to a positive move.

According to Egrag Crypto, the target for XRP is $3.40. He asserted that closing above this level is key for a new ATH. Meanwhile, although he didn’t give much detail, the analyst also alluded to a familiar pattern that he claimed is emerging for XRP.

Egrag Crypto remarked that he is still analyzing this recurring pattern. However, he added that he is amazed at how it is unfolding with such “coherence and synergy to previous patterns.” It is worth mentioning that the analyst recently predicted that XRP could reach $110 in the next market cycle. For this cycle, he predicted that the crypto could top at around $13.

Ripple Whales Are Making Their Moves

Amid the projected surge for the XRP price, Ripple whales have been making their moves as they look to position for this price surge. Whale Alert data shows that a Whale recently moved 60 million XRP ($163.7 million) from an unknown wallet to another unknown wallet.

Meanwhile, as CoinGape reported, these whales also moved 430 million coins. Ripple was at the center of one of the transactions, as the firm transferred 300 million coins from its wallet to an unknown wallet.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.