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XRP Price Breaks Out On The Daily Chart, Rise To $5.85 Is Possible If This Happens
In a recent analysis, Dark Defender has predicted that the XRP price could surge to $5.85 if certain conditions are met. According to the analyst’s view, if XRP can break above the current resistance level of $2.72 and retest its 2024 high of $2.92, it would set the stage for another upward surge towards higher resistance levels.
As of now, XRP is trading at $2.51 with a market capitalization of $144 billion. A rise to $5.85 would translate to a massive increase of over 133% and take its market cap to an astonishing $351 billion.
The analyst’s prediction is based on the current strength displayed by the XRP price, despite bearish pressure in the market. The chart shows that the cryptocurrency has been exhibiting a strong bullish momentum, and if this trend continues, it could be poised for significant gains.
If the XRP price can successfully break above $2.92 and establish a new high, Dark Defender predicts that there will be no stopping the token from reaching its long-term target of $5.85.
Source: bitcoinist.com
