{"id":533363,"date":"2023-05-17T01:00:06","date_gmt":"2023-05-17T01:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=533363"},"modified":"2024-06-11T08:02:15","modified_gmt":"2024-06-11T08:02:15","slug":"xrp-price-set-to-skyrocket-expert-predict-3-82-target-amidst-bullish-sentiment","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-set-to-skyrocket-expert-predict-3-82-target-amidst-bullish-sentiment\/","title":{"rendered":"XRP Price Set To Skyrocket, Expert Predicts $3.82 Target Amidst Bullish Sentiment"},"content":{"rendered":"

The XRP community has been relatively quiet lately, and according to crypto analyst Dark Defender, this could be a positive sign that XRP is ready for a breakout. Dark Defender, a cryptocurrency analyst and researcher, has <\/span>analyzed <\/span><\/a>patterns in XRP’s price movements and predicts that a break above the resistance line could happen anytime between now and August 2023.<\/span><\/p>\n

Poised For Explosive Growth?<\/b><\/h2>\n
Once XRP breaks through the resistance line, Dark Defender predicts the price will hit $1.33 and then $3.82. These projections are based on technical analysis and historical patterns.\u00a0<\/span><\/p>\n
Moreover, XRP is facing two significant resistances in the short term before it can hope to reach the $0.500 mark and rally further to its annual high of $0.5838, reached in March 2023. These resistances are represented by the yellow line, which denotes the 200-day Moving Average (MA), and the brown line, which represents the 50-day MA, as shown in the chart below.<\/span><\/p>\n
$\"XRP\"$
XRP’s sideways price action on the 1-day chart. Source: XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Furthermore, despite XRP’s current downtrend, crypto analyst Dark Defender has noted that the token has shown resilience by bouncing back from its primary support level of $0.42. This rebound can be attributed, in part, to the Relative Strength Index (RSI) reaching an oversold zone in the daily indicator, suggesting that XRP may have been oversold and due for a rebound.<\/span><\/p>\n
In the short term, Dark Defender has identified a crucial resistance level for XRP at $0.4696. This level will need to be overcome by XRP’s bulls if the token is to continue its potential bullish momentum and push above the $0.500 line.<\/span><\/p>\n
XRP Ledger Sees Explosive Growth In NFTs And Tokenization<\/b><\/h3>\nIt has been approximately six months since the <\/span>introduction of XLS-20<\/span><\/a> to the XRP Ledger. XLS-20 includes extensions to the XRP Ledger that support a native NFT type and operations to enumerate, transfer and hold such tokens, providing native NFT functionality to the platform.<\/span><\/p>\n
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1\/ XLS-20 went live on mainnet six months ago, bringing native NFT functionality to the #XRPLedger<\/a>. The developer and creator communities have been thriving with exciting projects, new use cases and collections coming to life on the #XRPL<\/a>. https:\/\/t.co\/tmmb2vo31t<\/a><\/p>\n
— RippleX (@RippleXDev) May 15, 2023<\/a><\/p><\/blockquote>\n