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XRP Price Breaks Out On The Daily Chart, Rise To $5.85 Is Possible If This Happens
According to Dark Defender’s analysis, the recent price surge in Ripple (XRP) has set the stage for another upward surge towards higher resistance levels. The analyst believes that a successful break above $2.72 and retest of the current 2024 high of $2.92 would open up XRP to new price highs in over six years.
The first hurdle, according to Dark Defender’s predictions, would be to overcome the pivotal resistance level at $2.72. This is closely followed by a potential test of its current all-time high of $2.92, which has remained unbroken for over seven years.
In the event that XRP successfully breaks above $2.92, the analyst expects further bullish momentum to drive the token towards an intermediate target of $3.43, which represents its current all-time high price.
Beyond this short-term goal, Dark Defender forecasts a prolonged upward trajectory culminating in a long-term target of $5.85, representing a staggering 133% increase in XRP’s value and a market capitalization of $351 billion.
Source: bitcoinist.com
