Emma Nelson 
Cryptocurrency expert Dark Defender has remained steadfast in his bullish outlook for XRP, reiterating his belief that the asset could eventually rally to as high as $280. However, in an interesting update, he has revised his price prediction, suggesting that XRP could even reach $333 in the future. This revision comes after some pushback from the crypto community, but Dark Defender remains confident in his assessment, emphasizing that the factors leading to this potential surge are still intact.
XRP Price
Dark Defender Defends $280 XRP Price Prediction and Updates Target
Dark Defender has continued to stand by his initial prediction that XRP could rise to $280, despite some criticism and skepticism from various members of the crypto community. In response to a mocking post by another crypto analyst on social media, Dark Defender posted an explanation of his reasoning, stressing that the technical pattern he identified is indeed pointing toward a price level close to $280. However, he also pointed out that the more precise Fibonacci retracement level for XRP lies at $333, making that a potentially more realistic target for the coin’s next big move.
As reported by CoinGape, Dark Defender had recently published a detailed bullish analysis of XRP, suggesting that the cryptocurrency could repeat the explosive performance it saw during the 2017 bull run. His charts indicated that XRP had the potential to hit $280, a target that seemed more likely at the time. However, in light of recent price movements and technical indicators, Dark Defender believes that the digital asset could even surpass that price and move higher, ultimately reaching $333.
One of the key points of criticism surrounding Dark Defender’s $280 XRP price prediction has been the concern about the market cap that XRP would need to achieve in order to hit such a target. With XRP’s current circulating supply, the asset would need to reach a market cap of approximately $1.6 trillion to reach $280, a figure that many skeptics argue is too high. Despite this, Dark Defender has firmly stated that the total market cap is not as important as it may seem. He explained that market cap is often an illusion in the world of cryptocurrencies, noting that the amount of money actually invested in an asset doesn’t always correlate directly with its market capitalization.
Current Price Action and Market Outlook
In light of Dark Defender’s price analysis, crypto analyst CrediBULL Crypto has weighed in on the current price action of XRP, providing his own perspective on where the asset might be headed in the short term. According to CrediBULL, XRP has recently experienced a pullback after reaching its range highs, retreating to prior resistance levels that should now act as support. The analyst emphasized that maintaining these support levels would be a very bullish signal for XRP, suggesting that the cryptocurrency is well-positioned for a potential rebound if it holds above these key levels.
However, if XRP fails to maintain this support zone, CrediBULL warned that the price could drop below the $2 mark, which would create a “huge buying opportunity” for long-term investors. In CrediBULL’s view, regardless of what happens next, the situation remains favorable for market participants as long as they stay patient and properly respond to price movements.
For those looking for guidance on how to navigate the current market, CrediBULL advised that traders should hold off on making any moves as long as XRP remains above the support zone. Should the price fall below $2, CrediBULL suggested that market participants look for potential buying opportunities, with the possibility of purchasing XRP at levels around $1.80. The analyst views this as a good chance to accumulate XRP at discounted prices before a potential recovery.
Potential for a Rebound in XRP
Looking forward, there are signs that XRP could see a strong rebound in the near future. As detailed by a CoinGape market analysis, there has been a noticeable surge in both the number of active XRP addresses and the transaction volume, which typically signals growing interest and investor confidence in the asset. According to Santiment data, weekly active addresses have reached a new record high, surpassing 1.15 million. This uptick in user activity is seen as a positive indicator, suggesting that XRP might be in the early stages of a recovery, which could drive the price higher in the coming weeks.
As XRP continues to consolidate and react to market conditions, analysts and investors alike are watching closely to see if the digital asset can maintain its support and capitalize on the increased activity in the market. With strong bullish sentiment and a growing foundation of technical indicators, XRP could soon be poised for its next big move.
