Crypto analyst Dark Defender has also weighed in on the recent stories surrounding the XRP lukewarm price action. The analyst chooses not to listen to any of these as is confident that the future trajectory of the XRP token is bullish.
You don’t have to listen to FUD
In a after on his X platform (formerly Twitter), Dark Defender said he doesn’t listen to the FUD (fear, uncertainty and doubt). He also seemed to be pushing for the XRP Community to ignore the FUD as he stated that the token is still expiring according to “our plan” based on the weekly time frame.
Source: X
He alluded to several comments and analyzes he had made about it Price action of XRP. One of these was on June 4, when he charted Wave 1 at $0.89. On June 21, he also detailed the target levels that XRP could reach. Meanwhile, he had set the limit for Wave 2 on September 13 at $0.46 and Wave 3 at $1.88.
Dark Defender noted that nothing has changed since then, as the goals “were and are the same.” The crypto analyst actually suggested that this was not necessary concerned about XRP’s price action because everything went according to plan from a technical analysis perspective.
XRP is still trading at $5.85
To The future trajectory of XRPDark Defender reaffirmed that the upcoming target is still $1.88 and $5.85, based on the Elliot Waves, which he had already highlighted months ago. From the accompanying chart he shared, Dark Defender focused more on the $5.85 price level.
Source: X
He is confident that XRP will reach that price, as he expects the token to reach the “261.80% Fibonacci level of $5.85.” However, it will not rise from $1.88 as the crypto analyst predicts that there will be a correction from that price level.
Going by Dark Defender’s previous price predictions, $5.85 will not be the peak as one can still expect upward price movements. The crypto analyst did mentioned before that XRP would reach $18 soon enough. He then noted that XRP was likely to face strong resistance at $1.08. However, he predicts that this will be the case “kaboom” once XRP can break through that level.
In the meantime, many will be hoping that XRP can at least see a significant rally to end the year. At the time of writing, XRP is trading around $0.61, up over 1% in the past 24 hours. facts from CoinMarketCap.
Token price at $0.61 | Source: XRPUSD on Tradingview.com
Featured image from U.Today, chart from Tradingview.com
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