A prominent market analyst, Dark Defender, forecasts that XRP could exceed its all-time high (ATH) in the current market cycle. This prediction hinges on a newly formed golden cross observed on the weekly chart. With Bitcoin already surpassing its ATH, optimism around XRP is growing. As of now, XRP trades at $2.45, reflecting a 2% increase over the past two hours.
Can XRP Realistically Hit $5?
XRP's historical peak stands at $3.841**. Despite the ongoing bullish momentum, the coin has struggled to break the **$3.4 resistance level. Dark Defender’s recent analysis suggests a long-term target of $5.85, citing the Golden Cross pattern on the weekly Relative Strength Index (RSI) as a key indicator.
Key Observations:
- The Golden Cross first appeared on November 4, 2024, preceding a surge from $0.5029** to **$3.388.
- A repeat of this pattern could signal another major breakout.
- Immediate price target: $3.33, which would offset its 90-day drawdown of 5.63%.
Other catalysts include whale accumulation and rising buyer pressure, as noted by analyst Cryptoinsightuk.
👉 Discover how Bitcoin’s ATH could boost XRP’s rally
Bitcoin’s New ATH: A Tailwind for XRP
Bitcoin recently eclipsed $109,000**, revitalizing hopes for an altcoin season. Credible Crypto, another analyst, argues that XRP could mirror Bitcoin’s rapid ascent—**$27K to $74K in two years—but faster.
Market Snapshot:
- Current XRP Price: $2.45 (+1.63% in 24 hrs).
- Trading Range: $2.357 (low) to $2.451 (high).
As Bitcoin enters price discovery mode, XRP’s chances of hitting Dark Defender’s $5.85 target improve significantly.
FAQ Section
1. What is a Golden Cross?
A bullish technical pattern where a short-term moving average crosses above a long-term one, signaling potential upward momentum.
2. How does Bitcoin’s performance affect XRP?
Bitcoin’s dominance often sets the tone for altcoins. A strong BTC rally can attract capital into tokens like XRP.
3. What are the risks of investing in XRP now?
Volatility and regulatory uncertainties remain key challenges. Always conduct independent research.
👉 Explore expert insights on crypto trends
Conclusion
With technical patterns aligning and Bitcoin leading the charge, XRP’s path to $5** appears plausible. Analysts emphasize **$3.33 as the next critical level. Watch for whale activity and RSI trends to gauge momentum.
Disclaimer: This content is for informational purposes only. Cryptocurrency investments carry risks; consult a financial advisor before making decisions.
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