Crypto analyst Dark Defender predicts that XRP's price could rise to $8 by drawing parallels to the 2017 bull run when XRP saw a 61,000% increase in 280 days. He suggests that if this pattern repeats, XRP could even target $18.22, based on Fibonacci levels, by early 2025.
Dark Defender's analysis highlights crucial support levels for XRP to maintain its upward trend. Key levels include $0.6649, $0.5286, and $0.4623. He also emphasizes the importance of XRP's price over the Ichimoku clouds for a parabolic move.
Another crypto analyst, Egrag Crypto, offers a more bullish outlook, suggesting that XRP could rise to $27, marking a 5,000% increase. His predictions are based on historical Bullish Hammer Candle Stick formations that have previously led to significant gains for XRP.
At the time of writing, XRP trades at around $0.55, down over 2% in the last 24 hours, according to CoinMarketCap data.
