• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’

2025-05-18
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Blockchain Consensus

    2025-05-16

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

    2025-05-16

    A Beginner’s Guide to Crypto

    2025-05-16
  • Market Cap
  • Shop
Crypto Semantic
Home»Analysis»Crypto Analyst Predicts XRP Price To Hit $0.66 This Week
Analysis

Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

2023-10-03No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Famend crypto analyst “Darkish Defender” has forecasted a short-term bullish motion for the XRP worth, with expectations that the cryptocurrency may hit the $0.66 mark this week. Sharing his insights on Twitter, the analyst referenced XRP’s 1-day chart, highlighting latest worth dynamics and key technical indicators.

“Hello there. XRP within the day by day chart broke the preliminary resistance & back-tested it. We had the same transfer on 13-Jul-23. The subsequent Fibonacci stage stands at precisely $0.6649. If we don’t see XRP beneath $0.50 help, we count on to hit $0.66 this week,” the analyst tweeted.

XRP price analysis
XRP worth prediction | Supply: X @DefendDark

A Deep Dive Into The XRP Worth Evaluation

The chart offered by Darkish Defender exhibits that on September 29, XRP skilled an upward breakout from an ascending triangle. The XRP worth enhance by 8% was pushed by market individuals’ expectations of Ripple’s Correct Social gathering. Though “main information” did not materialize, the value of XRP nonetheless managed to remain above the development line.

Traditionally, ascending triangles are thought-about continuation or consolidation formations, indicating a possible resumption of the earlier development following a short interval of consolidation. Given XRP’s upward trajectory since January, this breakout suggests the potential continuation of its bullish development.

As Darkish Defender highlights, the cryptocurrency underwent a back-test over the following three days, a course of the crypto asset has up to now confirmed. If the asset sustains above the $0.50 mark, it will efficiently clear the back-test as per Darkish Defender’s evaluation.

Drawing a parallel to the previous, Darkish Defender identified the same worth habits on July 13. That day marked the discharge of the abstract judgment within the lawsuit between Ripple Labs and the US Securities and Change Fee (SEC).

See also  XRP And Shiba Inu Rally Is Not Over According To This Indicator

Amid this backdrop, XRP broke out of its consolidation section, triggering an nearly 100% worth rally. Remarkably, the Relative Energy Index (RSI) entered a cooling section after a short surge to 74 in late Could. The eventual upside break of this descending development in RSI coincided with XRP’s important rally.

Observing the latest chart habits, Darkish Defender famous that the RSI’s prolonged trendline was as soon as once more damaged upwards final Friday. Though there wasn’t a major information catalyst from Ripple to push XRP’s worth dramatically, an RSI trendline back-test occurred in latest days. If that is confirmed, it might sign a surge towards the “subsequent” Fibonacci stage at $0.66 as talked about by the analyst.

Lengthy-Time period Worth Targets

Darkish Defender, in a tweet from October 1, expressed optimism concerning the XRP worth trajectory, particularly highlighting its latest shut with a doji candle sample in September. He remarked, “XRP closed the September candle with a doji. I take this constructive, as at all times, and count on a re-test in the direction of $0.66 in a few days.”

Increasing on this commentary, Darkish Defender means that if XRP breaks the $0.55 threshold, it is going to acquire important momentum. That is because of the asset probably positioning itself above the weekly Ichimoku Clouds, a situation he views as very bullish. Following this, he anticipates:

[…] We proceed with the second resistance at $0.91 (Yellow Resistance) shall be damaged above $0.66, and XRP will instantly proceed with $1.33. Above $1.8815 (In Violet :)), we’ll talk about –> New All-Time Excessive, presumably at $5.85 at first!

XRP price analysis
XRP worth evaluation | Supply: X @DefendDark

At press time, XRP traded at $0.50797. After the value was rejected on the 23.6% Fibonacci retracement stage at $0.5272, the cryptocurrency is now on the lookout for help on the 38.2% Fibonacci retracement stage at $0.5083 on the 4-hour chart.

See also  apM Coin (APM) Price Prediction 2023 2024 2025
XRP price
XRP worth holds above the 38.2% Fib, 4-hour chart | Supply: XRPUSD on TradingView.com

Featured picture from Top1 Markets, chart from TradingView.com



Source link

Analyst Crypto Hit Predicts Price week XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

A Beginner’s Guide to Crypto

2025-05-16

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

FBI reports $9.3 billion in US targeted crypto scams as elderly hit hardest

2025-04-24

XRP Ledger developer kit compromised with backdoor to steal wallet private keys

2025-04-22
Add A Comment

Leave A Reply Cancel Reply

Top Posts
DeFi

Lido Finance Weighs Sunsetting Liquid Staking on Polkadot, Kusama

2023-03-08

DeFi Decentralized finance (DeFi) protocol Lido Finance proposed sunsetting liquid staking on the Polkadot and…

Analysis

The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

2023-09-20

Who Are Bitget?: 5 years in the past, a visionary group of conventional finance specialists…

Altcoins

Why Ethereum is a growing base for institutional capital

2023-11-27

Journalist Posted: November 28, 2023 Institutional traders are shopping for quite a lot of ETH-related…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

U.S. SEC Officially Charges Disgraced Terra (LUNA) Founder Do Kwon With ‘Defrauding Investors in Crypto Schemes’

2023-02-19

Injective and DojoSwap Pioneer the CW20-Reflection Standard for Enhanced Token Flexibility

2024-03-06

ZettaBlock announces the addition of blockchain data

2024-05-02

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$111,163.004.18%
  • ethereumEthereum(ETH)$2,649.824.24%
  • tetherTether(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.433.16%
  • binancecoinBNB(BNB)$685.934.79%
  • solanaSolana(SOL)$178.105.13%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 111,073.76
ethereum
Ethereum (ETH) $ 2,650.93
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.43
bnb
BNB (BNB) $ 685.85
solana
Solana (SOL) $ 178.18
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.240431
cardano
Cardano (ADA) $ 0.803977
tron
TRON (TRX) $ 0.279492