Recent performance of XRP on the cryptocurrency market cannot be underestimated, with its price briefly surpassing $2.7 after experiencing an impressive 9% surge on December 17. Though immediately rejected at this level, bullish momentum on a daily chart remains strong; well-known cryptocurrency analyst Dark Defender recently laid out key price milestones which may propel XRP towards its impressive $5.85 target price.
XRP Clears $2.72, Indicating Continued Uptrend
Dark Defender, who has consistently advocated for XRP through various market conditions, recently highlighted the significance of $2.72 as an essential support and rebound marker. He recently celebrated hitting this target two days early, further solidifying his belief in its current trajectory.
Dark Defender’s latest analysis highlights $2.42 and $2.52 as key supports that could spark another surge of bullish momentum should $2.52 break below. If broken below $2.52 then $2.42 could become a pivotal rebound point above previous resistance trendline that sets off another round of bullish momentum; recovery from $2.42 may herald further rise towards higher resistances.
Ambitious Climb to $5.85: Key Resistances Ahead
To keep XRP moving upward, it is vital that key resistance levels are overcome. An immediate goal should be breaking past $2.72 and retesting its annual peak of $2.92; crossing this threshold would set the stage for new heights not seen since six years.
Dark Defender anticipates XRP will achieve its all-time peak of $3.43 within six to seven years after breaching $2.92, setting in motion an upward path towards its long-term target price of $5.85; currently trading at $2.51 with a market valuation of $144.4 billion, reaching this goal would represent a 133% price surge and bring its market capitalization up to $351 billion.
