Fun

XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’

News Feed - 2025-01-28 12:01:29

Este artículo también está disponible en español.


A new XRP price predictionhas surfaced, with a crypto analyst forecasting that the popular altcoin will experience a dynamic surge to $5.85 in the new week. Based on the Elliott Wave Theory and key technical indicators, the analysis outlines how XRP could see a significant upside after breaking out a symmetrical triangle pattern. 


On January 26, Dark Defender, a prominent crypto analyst on X (formerly Twitter), forecastedan XRP price surge to a new all-time highof $5.85. The analyst shared a chart illustrating an Elliott Wave pattern consisting of five waves (1 through 5) in an upward trend XRP To Break Out To $5.85


Typically, the Elliott Wave theorysuggests a cyclical price movement, where Wave 3 is presented as the strongest wave with the most explosive price increases. On the other hand, Wave 4 is highlighted as a corrective phase, while Wave 5 represents the final leg of an uptrend.  Related Reading XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 3 days ago


Dark Defender revealed that the current XRP Elliott Wave structure was established as early as August 2023, where Wave 3 has consistently targeted the $5.85 all-time high level. This price surge would translate to an impressive 261.8% increase, marking a dynamic shift in the new week.  Elliot wave sparks move to $5.85 | Source: Dark Defender on X


Once the $5.85 target is achieved, Wave 5, which is the final wave of the Elliott wave cycle, points to a longer-term price target of $18.22. Achieving this level would signify a massive 361.8% increase, marking a historic milestone for XRP.  


In his detailed analysis, Dark Defender also pointed out a 4-hour symmetrical triangle patternon the XRP price chart. This unique technical formation is often a precursor of a significant price movement, which, in XRP’s case, the analyst forecasts a breakout to occur within the next 16 to 20 hours following his analysis.  


The breakout from the triangle pattern is expected to align with the broader upward trend. Moreover, the green circle on the chart shows that the XRP price has retestedand confirmed support after breaking past the breakeven line toward the $2.4 resistance level. This move sets the stage for the analyst’s projected rally, with a primary target of $5.85 level and a secondary goal of $4.55. XRP Price Plummets 10% In One Day


While the broader crypto market exhibits bullish sentiments toward XRPdue to its impressive performance this year, the popular altcoin is currently facing significant bearish momentum as it struggles to break through key resistance levels.  Related Reading XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board 2 weeks ago


As of writing, CoinMarketCap’s data shows that XRP has plummeted from a previous price high above $3 to $2.8. The cryptocurrency recorded a 10.3% decline in the past 24 hours after experiencing severe bearish pressure that led to a 14% drop last week.


Despite this bearish performance, analysts remain increasingly bullish on XRP, predicting significant price ralliesthat would propel the altcoin to new heights. One notable forecastsuggests that XRP could rally so high over time and potentially flip Bitcoin, the world’s largest cryptocurrency. XRP trading at $2.79 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

News Feed

Coinbase asks court to reject SEC’s ‘empty chair’ securities judgment
Martin Young2 hours agoCoinbase asks court to reject SEC’s ‘empty chair’ securities judgmentCoinbase lawyers have requested that a U.S. court throw out a previous default judgment that deemed the secondary sales of
LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
zkSync token launches amid network load, RPC issues
Josh O"Sullivan9 hours agozkSync token launches amid network load, RPC issuesZK’s token launch on multiple exchanges sees price fluctuations, while zkSync manages network strain and scam threats.5468 Total views6 Total
Caribbean Islands, Dubai, Mumbai — Bitcoin Cash Adoption Continues to Swell Worldwide
Caribbean Islands, Dubai, Mumbai — Bitcoin Cash Adoption Continues to Swell Worldwide Bitcoin cash supporters are known for spreading adoption over the years and 2022 is no diffe
Tom Blackstone8 hours agoOptimism network launches testnet fault-proof system in pursuit of decentralizationOP Labs implemented its modular fault-proof system on the OP Goerli testnet.1343 Total views26 Total sharesListe
Meta Reportedly Issuing $10 Billion in Bonds to Invest in Its Metaverse Products and Other Initiatives
Meta Reportedly Issuing $10 Billion in Bonds to Invest in Its Metaverse Products and Other Initiatives Meta, the social media company, is planning to issue its first set of bonds t
Position Exchange: The New Next-Gen Decentralized Trading and Exchange Platform
Position Exchange: The New Next-Gen Decentralized Trading and Exchange Platform press release PRESS RELEASE. Position Exchange’s Team is pleased to announce
While Bitcoin’s Hashrate Remains Sky-High, Merge-Mined Crypto Asset Networks Benefit
While Bitcoin"s Hashrate Remains Sky-High, Merge-Mined Crypto Asset Networks Benefit In recent times, Bitcoin’s hashrate has been consistently above 300 exahash per second (
Helen Partz14 hours agoBlockdaemon among founders of BSN Spartan Network governing bodyThe BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional
South Korean government to launch crypto transaction monitoring system
Turner Wright7 hours agoSouth Korean government to launch crypto transaction monitoring systemCrypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspic
Elon Musk Urges Dogecoin Whales to Dump Their Coins — Even Offers to Pay Them
Elon Musk Urges Dogecoin Whales to Dump Their Coins — Even Offers to Pay Them Tesla CEO Elon Musk believes that too many dogecoins are held by too few whales a
Hashing It Out: Navigating Web3 hiring
Elisha Owusu Akyaw12 hours agoHashing It Out: Navigating Web3 hiringIn this episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw confronts the realities of Web3 hiring with Pedro Oliveira, co-founder and