- Notable analyst Dark Defender reveals new resistance and support levels for XRP amid its recovery.
- XRP’s first support level is at $0.52886, with the next line of defense at $0.39169, according to Dark Defender.
- For the long term, Dark Defender predicts that XRP could rally to $1.88, a 258% increase from its current price.
Amid a turbulent market, XRP aims to bounce back, and renowned analyst Dark Defender has some insights to share. According to the analyst, XRP’s daily chart shows a green signal, indicating a positive price outlook.
Currently, XRP’s first support level stands at $0.52886, a point it has slightly dipped below. If the asset continues to decline, the next line of defense is at $0.39169. However, Dark Defender is optimistic. He believes that if XRP rebounds, it will first face resistance at $0.60442, a price last seen over a week ago. Surpassing this could bring the next target of $0.66492 into view.
For the long haul, Dark Defender envisions XRP reaching parity with the dollar and even exceeding it. He sets a first target of $1.33, and if that’s conquered, a rally to $1.88 could be on the horizon, marking a 258% increase from its current price.
As the crypto market continues to evolve, the future for XRP looks promising. With its robust technology and growing adoption, XRP is poised to be a significant player in the crypto space.
