spot_imgspot_imgspot_img

Renowned Analyst Predicts a Staggering 63975% Surge in XRP Coin: Here’s Why!

  • 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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Approaches Its Next Halving: Can This Time Be Different?

As Bitcoin nears another halving, the crypto community watches closely, anticipating its potential impact on the market amidst evolving circumstances.

Bitcoin Funding Rate Dips Negative Amid $251M ETF Inflows: A Bearish Signal or Market Resilience?

This article delves into the recent negative turn in Bitcoin's funding rate against a backdrop of significant ETF inflows, exploring whether this signals a bearish trend or underscores the cryptocurrency's resilience.

Massive XRP Transfer Raises Concerns: XRP May Experience Selling Pressure!

The substantial transfers of XRP have garnered attention; will the transfers to Bitso and Bitstamp create selling pressure on XRP?

Uniswap Introduces “uni.eth” Subdomains with ENS Integration: Here are the Details!

Decentralized exchange platform Uniswap has introduced uni.eth subdomains with Ethereum Name Service integration.

Ripple Initiates Collaboration with Zoniqx to Empower Asset Tokenization

Ripple, a leading enterprise blockchain and crypto solutions provider, joins forces with Zoniqx: Here are the details!
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
spot_imgspot_imgspot_imgspot_img

Bitcoin Approaches Its Next Halving: Can This Time Be Different?

As Bitcoin nears another halving, the crypto community watches closely, anticipating its potential impact on the market amidst evolving circumstances.

Bitcoin Funding Rate Dips Negative Amid $251M ETF Inflows: A Bearish Signal or Market Resilience?

This article delves into the recent negative turn in Bitcoin's funding rate against a backdrop of significant ETF inflows, exploring whether this signals a bearish trend or underscores the cryptocurrency's resilience.

Massive XRP Transfer Raises Concerns: XRP May Experience Selling Pressure!

The substantial transfers of XRP have garnered attention; will the transfers to Bitso and Bitstamp create selling pressure on XRP?