- Crypto analyst Dark Defender has predicted a potential value of $333 for XRP Coin based on historical data.
- Despite the seemingly impossible feat of reaching such a price considering the maximum supply, the analyst remains optimistic.
- The market impact of this prediction is neutral.
Renowned crypto analyst Dark Defender has made a bold prediction for the future value of XRP Coin, suggesting it could reach as high as $333. However, given the coin’s maximum supply, this target seems almost unattainable. Nevertheless, the market’s reaction to this prediction has been neutral.
Long-Term Forecast for XRP Coin
Dark Defender, a well-known crypto analyst, has made a daring prediction for the future price of XRP Coin, suggesting it could potentially reach a value of $333. This prediction was made based on historical data and the potential formation of a significant wave in the monthly chart. Despite initial skepticism, as XRP’s journey towards this ambitious target gained momentum, the analyst’s views began to attract attention.
Could XRP Coin Surpass $100?
Dark Defender had initially predicted that XRP would break the resistance level of $0.93 and progress towards $1.33. However, this did not materialize, and the analyst subsequently revised his price model. The updated targets point to $1.88 and $5.85, followed by $18.22. In his latest analysis, the analyst highlighted a “green signal” which is seen as a precursor to an anticipated Bull Run.
Technical Explanation Behind Predictions
The technical explanation behind Dark Defender’s predictions lies in the Big Wave targets. This target indicates a staggering increase of 63,975% from the current price. The target is inspired by XRP’s rally from February 2017 to January 2018, during which it saw an increase of 66,240% during the 2017 bull run. However, it is unlikely to materialize in the current period.
Conclusion
The maximum supply of XRP Coin is 100 billion, and in a scenario where it is valued at $1, the market value should be $100 billion. For the coin to reach a value of $10, it would need to achieve a market value of $1 trillion against a circulating supply of $500 billion. For a target of $100, the market value would need to be $10 trillion against a circulating supply of $5 trillion. For a target of $300, these figures would be $30 trillion and $15 trillion respectively. Even targets in the range of $5-$10 seem far-fetched in a scenario where the cumulative value of cryptocurrencies does not exceed $5-6 billion.
