Altcoin
Crypto Pundit Says XRP Looks Excellent Here, Gives Reasons Why
Crypto analyst Dark Defender has issued a bold outlook for XRP, stating on X that the asset is on a clear path toward multiple upside targets. His remarks come at a time when the asset bulls are trying to hold a support level at $2.42, with technical patterns suggesting the asset may be preparing for a significant breakout.
XRP Faces Minor Resistance on the Way to $2.75, $5.85 in Sight
XRP’s price action is starting to see some positive note, recently pushing as high as $2.56 in a 7-day timeframe. Although it met resistance and reversed on a downtrend early last week, it eventually found support at $2.36 and started a fresh uptrend. This up-and-down movement is seemingly an average price action playout, but technical analysis on the daily candlestick timeframe chart shows that the price quietly changed a downward sloping resistance trendline into support at $2.36.
Now, the next outlook for the altcoin is an upward movement after this fresh uptrend above the resistance trendline. With this in mind, crypto analyst Dark Defender predicted that the cryptocurrency is on the road to $5.85. The analyst also highlighted, a closer price target at $2.75, though noting that XRP may experience some difficulty breaking through $2.55.
The predicted difficulty at $2.55 is in response to its rejection last week. However, Dark Defender’s phrasing was straightforward; “XRP looks excellent,” reflecting strong conviction in the token’s current setup after his analysis.
Exponential Fibonacci: $5.85 Isn’t The Limit For The Altcoin
Dark Defender’s prediction of a $5.85 price target for XRP would see the crypto breaking above its current all-time high. However, this pales in comparison to the analyst’s long-term projection.
The projection to $5.85 is only one part of Dark Defender’s broader analysis. In a previous post, he outlined a more ambitious long-term scenario using exponential Fibonacci levels and Elliott Wave theory. According to him, the common belief that XRP cannot exceed $10 is a misunderstanding of exponential modeling. He argued that the altcoin is currently in an impulse wave 3 on a multi-year timeframe. If wave 3 fully extends during this phase, it could reach $77.7, with wave 5 targeting a three-digit price zone.
His roadmap emphasizes staying above the $2.3951 median, a level he says has been in play since November. From there, the chart suggests a run to $8, which could lead the asset toward a new range between $18 and $23. These projections are based not only on wave extensions but also on volume trends, RSI behavior, and repeating historical patterns, which the analyst believes all align to support an incoming rally.
At the time of writing, XRP is trading at $2.42.
Featured image from iStock, chart from Tradingview.com
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As Ripple resolves uncertainty surrounding the XRP lawsuit settlement, speculation grows about its highly anticipated Initial Public Offering (IPO). Although the platform has not announced a specific timeline for the Ripple IPO, expert predictions suggest it may happen within the next 12 to 18 months.
Let’s explore expert predictions over the possible dates and impacts of Ripple’s public offering over the broader crypto market.
When To Expect Ripple IPO?
With Ripple dropping its cross-appeal against the Securities and Exchange Commission, the XRP lawsuit takes a significant turn. This major development has sparked increased speculations about the Ripple IPO.
During an interview with Bloomberg, Ripple CEO Brad Garlinghouse remained vocal about the platform’s long awaited public offering. He posited, “The IPO is a natural step for Ripple to diversify and secure its future in the global market.” Shedding light on the capital, Garlinghouse stated that a portion of the amount raised could be used for further developments within the Ripple ecosystem.
As Garlinghouse and Ripple remain silent about the exact date for the IPO, experts predict that the event could be possible within the next 18 months. In addition, there is a growing speculation that the platform will launch the IPO by the year end.
Isn’t IPO a Priority for Ripple?
Ripple’s CEO has downplayed the significance of an IPO for the company at present, despite growing anticipation. He stated,
I think that’s available and the company is at a stage where we can consider that. That being said, it isn’t a huge priority… We are more proactive in looking at acquisitions.
However, the public offering provides a strategic chance to strengthen Ripple’s presence among institutional investors, potentially unlocking funds that were previously withheld due to ongoing legal uncertainties. As the current regulatory environment in the US remains favorable, the platform is expected to utilize the opportunity well.
IPO To Impact XRP Price
Ripple proponent XRP Chancellor shared an enthusiastic and optimistic post, commenting on the potential impact of the imminent Ripple IPO. According to the expert, the IPO will drive up XRP’s value.
Analysts like Egrag Crypto and Ali Martinez have provided bullish predictions on the XRP price post IPO announcement. According to Egrag, XRP is poised to reach $10, whereas Ali forecasted its hike to $15.
Recently, All Things XRP, a prominent figure, shed light on the possibility of an IPO following the XRP lawsuit resolution.
How Will Ripple IPO Impact Broader Market?
Notably, the IPO is expected to have a significant impact on XRP. The IPO could spark increased institutional interest and a positive market sentiment. In addition, the IPO could bolster the platform’s legitimacy.
Meanwhile, the public offering could also influence the broader crypto market. The IPO could lead to increased mainstream acceptance of cryptocurrencies and blockchain technology. Ripple’s IPO could have a ripple effect on the cryptocurrency market, potentially boosting prices of other digital currencies as new investors enter the space. It could also lead to new partnerships and collaborations in financial and technological sectors.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
Grayscale Research has released its updated Top 20 list of digital assets, identifying key cryptocurrencies with strong potential for the coming quarter.
The firm updates this curated selection quarterly, reflecting its analysis of network adoption, market trends, and fundamental sustainability.
Grayscale Adds 3 Altcoins to Investment Consideration List
The latest update introduces three new assets—Maple (SYRUP), Geodnet (GEOD), and Story Protocol (IP). This suggests an inclination toward real-world applications in decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), and intellectual property (IP) tokenization.
Grayscale organizes the digital asset market into five distinct crypto sectors: currencies, smart contract platforms, financials, consumer & culture, and utilities & services. This framework allows the firm to track industry trends and assess high-growth opportunities within each category.
With the latest rebalancing, the crypto sectors now encompass 227 distinct assets with a total market capitalization of $2.6 trillion, covering the vast majority of the global crypto market.
Maple Finance (SYRUP)
Maple Finance (SYRUP) is a leading DeFi protocol specializing in institutional lending. The project operates through two core platforms: Maple Institutional, designed for accredited investors, and Syrup.fi, which serves DeFi-native users.
Over the past year, Maple Finance has grown significantly, reaching $600 million in Total Value Locked (TVL) and $20 million in annualized network fee revenue. The project aims to scale Syrup.fi to $2 billion in TVL by integrating with other DeFi protocols, including Pendle (PENDLE).
Geodnet (GEOD)
Meanwhile, Geodnet (GEOD) has emerged as a leader in the DePIN space. As the world’s largest real-time kinematic positioning provider, the network offers geospatial data with centimeter-level accuracy. It serves industries such as agriculture, robotics, and autonomous vehicles.
The network has expanded to include more than 14,000 active devices across 130 countries and has seen its revenue grow substantially. Annualized network fees increased by 500% year-over-year (YoY) to $3 million.
Geodnet’s decentralized approach presents a cost-effective alternative to centralized GPS solutions, positioning it as a critical infrastructure provider in the blockchain space.
Story Protocol (IP)
Story Protocol (IP) is tackling the growing intellectual property space by bringing IP rights onto the blockchain. With AI-generated content sparking copyright disputes, Story Protocol offers a way for companies and creators to monetize their intellectual property. At the same time, it enables investors to trade and earn royalties.
The project has already onboarded high-profile assets, including music rights for Justin Bieber, BTS, Maroon 5, and Katy Perry. It also launched its dedicated IP-focused blockchain and token in February 2025.
Grayscale Removes 3 Altcoins From its List of Investible Products
The latest update also includes the removal of three assets from the Top 20 list, comprising Akash Network (AKT), Arweave (AR), and Jupiter (JUP).
“Grayscale Research continues to see value in each of these projects, and they remain important elements of the crypto ecosystem. However, we believe the revised Top 20 list may offer more compelling risk-adjusted returns for the coming quarter,” the firm explained.
Beyond these new additions, Grayscale continues to highlight key investment themes. These include Ethereum scaling solutions, AI-integrated blockchain development, and DeFi and staking innovations. The continued inclusion of assets like Optimism (OP), Bittensor (TAO), and Lido DAO (LDO) reflects the firm’s focus on these high-growth areas.
Meanwhile, the latest Top 20 update follows Grayscale’s broader expansion into evaluating additional digital assets. In January 2025, the firm revealed nearly 40 altcoins under investment consideration. Similarly, Grayscale announced a list of 35 assets for potential inclusion in investment products in October.
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Shiba Inu price has seen strong bullish momentum, gaining another 13.5% and shooting past $0.000015 levels, with its daily trading volume surging by 70% to $370 million. The recent rally comes amid a sharp surge in the SHIB burn rate and improving sentiment for the world’s second-largest meme coin. Additionally, the platform’s marketing lead has also tossed up the idea of having a Shiba Inu exchange-traded fund (ETF) in the future.
Shiba Inu Price Surges As Bulls Charge In
Shiba Inu’s native crypto SHIB is getting major attention from investors with more than 20% gains on the weekly chart. Additionally, today’s SHIB price pump comes along with 70% surge in daily trading volumes suggesting a strong bullish sentiment for the altcoin.
Additionally, as per the Coinglass data, the SHIB futures open interest has surged by 30% to more than $166.74 million. This shows that there’s a strong demand among the futures traders for the world’s second-largest meme coin. As per the image below, the Shiba Inu price is closely following the trajectory of the 2021, and is on the verge of staging a parabolic rally ahead, amid the recent surge in SHIB burn rate.
Analysts are predicting a minimum of 200% SHIB price rally which would take its market cap to nearly $27 billion. While other players expect an even bigger rally where the meme coin could give as high as 12x gains or 1,100% returns.
Can SHIB Rally 12x From Here Onwards?
Popular crypto analyst CryptoELITES predicted a 12x surge in Shiba Inu price amid the formation of a cup-and-handle pattern on the technical chart. Since reaching its all-time high of $0.0008854 in October 2021, SHIB’s price movement has been carving out a cup-and-handle pattern. The “cup” was fully formed with Shiba Inu’s March 2024 peak at $0.00004567, while the “handle” is now nearing completion, as shown in the image below.
Shiba Inu’s marketing lead LUCIE has also agreed to this possibility by retweeting regarding the same. Furthermore, Lucie recently emphasized the potential for Shiba Inu to reach the $0.01 price milestone. However, she acknowledged that achieving this level could take time and encouraged the Shiba Inu community to remain patient.
Recent Developments in the Ecosystem
The Shiba Inu ecosystem has seen consistent growth and development while the sharing the plans of the future. Recently Lucie also tossed the idea of getting a Shiba Inu ETF to the market once again.
Furthermore, despite the current crypto market turbulence, the Shiba Inu ecosystem has demonstrated remarkable growth, surpassing 1.5 million holders since its inception in 2020. Data from Shibariumscan reveals that Shibarium’s total block count has exceeded 10 million, highlighting the network’s consistent adoption and increasing on-chain activity.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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.
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