Dark Defender, Mikybull Crypto, and Javon Marks predict XRP’s potential surge akin to 2017 highs, emphasizing key technical levels for growth. Meanwhile, Pawfury introduces innovative DeFi features, offering a 10% bonus in its presale with analysts projecting a substantial ROI.
Crypto Analysts Suggest Potential XRP Price Surge Analogous to 2017
A group of crypto analysts, including Dark Defender, Mikybull Crypto, and Javon Marks, have identified a “Point of Control” that could potentially lead XRP to replicate its massive price surge from 2017. Key details of their findings are as follows:
Indicator and Point of Control:
– Dark Defender’s Analysis: Dark Defender emphasizes that XRP’s current trading patterns mirror those seen between 2014 and 2017. He specifies a crucial “Point of Control” at $0.3917. This is the price level where the majority of trades have occurred since 2014. He suggests maintaining this level could lead to significant price increases, comparable to the 61,000% rise experienced over 280 days in 2017.
Relative Strength Index (RSI):
– Current Indicators: Dark Defender notes that XRP’s daily and weekly RSI is currently oversold, reflecting levels similar to March 2020 and November 2022. This oversold condition could indicate a bullish reversal.
Mikybull Crypto’s Perspective:
– Price Action Path: Mikybull Crypto predicts that if current trends persist, XRP could rise above $4, mirroring its 2017 rally, despite subdued market sentiment.
Javon Marks’ Prediction:
– Logarithmic Follow-Through Indicator: Marks predicts a possible 39,000% surge to $200 based on his Full Logarithmic Follow-Through indicator supported by historical data.
Price Targets:
– Further Projections by Dark Defender: In a recent update, Dark Defender suggests that XRP could climb to $1.88, $5.85, and potentially $18.22, provided it stays above the critical $0.3917 level. He warns that any drop below this level could disrupt the current bullish setup.
Current Market Status:
– Current Trading: As of the latest data, XRP is trading around $0.42, experiencing a drop of over 4% in the last 24 hours.
These analyses point to substantial bullish potential for XRP, contingent on maintaining key technical levels amid broader market volatility.
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