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Here is the Exchange That Has Mentioned XRP to $1,000

Abdulkarim Abdulwahab
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Here is the Exchange That Has Mentioned XRP to $1,000

A leading U.S. exchange has repeatedly parked discussions about XRP potentially reaching $1,000, igniting excitement among investors.

XRP holders are among the most ambitious crypto investors, with many anticipating beyond triple-digit values for the asset someday. Notably, XRP is worth just $0.5100 today and has been trading below $1 for over 42 months.

It last reached an all-time high six and a half years ago. Yet, ambitious XRP holders are targeting not only the double-digit range beyond $10 or triple-digit values beyond $100 but also $1,000. Interestingly, one analyst has even called $1,000 “peanuts” compared to what he believes will be the true height for XRP.

The Exchange Discussing XRP at $1,000

Remarkably, the U.S.-based exchange Uphold has repeatedly discussed the $1,000 price level for XRP over the last three years.

The first instance was in October 2021, when Uphold asked community members to suggest potential price outlooks for XRP in five years. One respondent suggested $1,000, and the exchange inquired what this individual would do if the $1,000 dream materialized.

Uphold subsequently sparked conversations around XRP’s outlook, including in November, December 2021, and July 2022, all of which included discussions about XRP reaching $1,000. Most recently, in September, Uphold itself tweeted, asking its followers what their next move could be in the realization of a $1,000 price for XRP.

Interestingly, Linqto, a pre-IPO investment outlet, also joined Uphold in this $1,000 XRP discussion in September.

Uphold’s Position in the XRP Community

The XRP community is increasingly banking on Uphold’s suggestion, given the exchange’s unique connections. Notably, Uphold has one of the largest reserves of XRP. In fact, the platform holds more XRP tokens from user deposits than it does for Bitcoin. 

Moreover, Ripple has identified Uphold as one of the exchanges for its RLUSD stablecoin distribution. The exchange is also Ripple’s partner in cross-border payment settlement.

Members of the XRP community, always looking for clues to suggest “something is coming,” believe all of these factors may not be coincidental, urging themselves to “connect the dots.”

Implications of a $1,000 XRP Price

Notably, at a $1,000 price, XRP would have a market cap of $56.7 trillion, assuming most of its supply remains under escrow. This extraordinary valuation raises questions about the market caps of gold, Apple, Google, and Bitcoin, which are currently valued in the trillions of dollars, unlike XRP, which is still in the billions.

Interestingly, Ripple’s chairman Chris Larsen, who holds around 2 billion XRP, would become a trillionaire in the hypothetical scenario of XRP reaching $1,000.

Dogecoin Primed for 25% Rally? Seasoned Analyst Identifies Flag Breakout

Albert Brown
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Will a flag breakout rally in Dogecoin result in a 25% surge to the $0.175 mark as the meme coin market remains volatile?

The cryptocurrency market has increased by 1.40% in the past 24 hours, now totaling $2.32 trillion. Within this environment, meme coins are experiencing mixed results. While Dogecoin, the largest meme coin, has seen a 3.95% increase in the last day, many other top meme coins are in decline.

Meme coin market cap
Meme Coin Market Cap

Nevertheless, the meme coin segment has a market cap of $55.50 billion and a 24-hour trading volume of $5.38 billion. Currently, Dogecoin maintains a market cap of $21.03 billion and is the eighth biggest cryptocurrency. 

Will this uptrend propel Dogecoin toward the $1 target as it attempts a bullish comeback? Let’s take a closer look.

Dogecoin Reversal Run

After a bearish weekend, Dogecoin rebounded from a recent 4-day low of $0.12759, following a 7.38% drop on Friday. The positive momentum resulted in two consecutive bullish candles, with increases of 4.53% and 4.95%. At present, Dogecoin is trading at $0.14384, forming an intraday Doji.

While this quick reversal mitigates the bearish engulfing candle from Friday, it momentarily halts the bullish trend continuation. However, the 4-hour chart suggests a potential bullish trend extension as the underlying dynamics shift in the shorter time frame.

Ali Martinez Expects 25% Surge in Dogecoin 

In a recent analysis shared by Ali Martinez, Dogecoin is exhibiting a bullish flag pattern. This pattern began with a bullish reversal from the psychological level of $0.10299, peaking at $0.14966—an increase of nearly 50%.

According to Martinez’s analysis, a bullish breakout above $0.143 could trigger a 25% surge in Dogecoin prices to $0.175.

Dogecoin price chart
Dogecoin price chart

Currently, the DOGE price has surpassed the overhead resistance trendline, supporting the bullish trend and challenging the $0.1438 or the 38.20% Fibonacci level. The bullish flag breakout rally teases a morning star pattern as it prepares for an extension. 

Additionally, with a V-shaped reversal in play, the 38.20% Fibonacci level serves as a neckline, and a bullish breakout could further energize the Dogecoin rally. Supporting Martinez’s target, the trend-based Fibonacci analysis highlights the 100% Fibonacci level at $0.17022 as a potential target.

While Polygon Struggles at $0.32, Analyst Projects 2,387% Potential Rebound

Albert Brown
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While Polygon Struggles at $0.32, Analyst Projects 2,387% Potential Rebound

Amid ongoing bearish sentiment, can Polygon (POL) gear up for a bullish reversal? An analyst has even projected a 2,387% increase for POL.

As one volatile week comes to a close, the crypto market is poised for a new week of explosive potential. Last week, multiple altcoins managed to end the week on a recovery note despite the failure to register a positive weekly gain. 

However, Polygon (POL) is struggling to maintain crucial support levels. With a 14.36% drop last week, the altcoin is under $0.35. An analyst has highlighted a potential reversal, albeit with a 15% downside risk. Let’s take a closer look at the POL price analysis and the prospects for a reversal.

Analyst Highlights Triangle Breakout Chances

Ali Martinez, a well-known crypto analyst, teases a bullish comeback possibility for Polygon using the weekly logarithmic chart. In his recent X post, Martinez paints a bullish target for Polygon at $0.89, a potential gain of 167% from current levels. Meanwhile, the analyst even projected a secondary target of $8 for POL, representing an astonishing 2,387% increase.

In the weekly chart, Martinez identifies a long-standing resistance trendline that has been capping bullish growth. This trendline is characterized by POL’s decline from the peak of $2.92 in December 2021 to the current price of $0.3277.

Additionally, the trendline forms a descending triangle pattern, with baseline support at $0.28, which coincides with the 61.80% Fibonacci retracement level.

According to the Fibonacci retracement levels on the weekly chart, the nearest resistance is at 78.60%, positioned at $0.79, aligning with the overhead trendline. A breakout above this trendline could release the momentum currently trapped within the triangle.

Currently, the Polygon price trades at $0.3277, with an intraday pullback of 0.82%. It is currently above the 61.80% Fibonacci level at $0.2873 and teases a potential turnaround to challenge the overhead resistances.

While the altcoin will encounter multiple resistance factors, a broader market recovery could enhance the chances of a breakout. As a precaution, the analyst recommends setting a stop loss at $0.28, the 61.80% Fibonacci level, indicating a 15% downside risk.

Shiba Inu Golden Cross Remains Valid Despite Recent Turbulence

Lele Jima
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Shiba Inu Golden Cross Remains Valid Despite Recent Turbulence

Shiba Inu could still see the appearance of a golden cross on its chart despite the recent correction, fueled by the WSJ report about Tether.

The broader crypto market witnessed a correction over the weekend following reports that the U.S. government is investigating Tether, the issuer of USD-pegged stablecoin USDT, for possible violation of anti-money laundering rules.

Despite Tether CEO Paolo Andoino issuing a rebuttal almost immediately, it did not prevent assets like Shiba Inu from witnessing massive declines. Specifically, Shiba Inu plunged from $0.00001740 to $0.00001646 in the evening hours. The asset has since moved above the $0.0000165 price mark. 

Shiba Inu Golden Cross Projection Still Valid 

Consequently, several enthusiasts speculated that SHIB’s recent turbulence might have nullified the projection of a golden cross on the Shiba Inu chart.

This pattern occurs when a short-term moving average (MA) records a cross above a long-term one. Its appearance on an asset’s chart is usually considered a bullish signal, indicating a potential price spike.

Despite Shiba Inu’s recent turbulence, the projection relating to the formation of a golden cross on its chart remains valid. At the current price of $0.00001684, Shiba Inu is still within the 50-day MA, one of the components of the golden cross. 

Will Shiba Inu Continue Its Rally Next Month? 

As the effect of the Tether report on crypto prices declines, the major question remains whether Shiba Inu will continue its October rally in November. Data from CryptoRank indicates that November is not a favorable month for Shiba Inu. 

Since inception, Shiba Inu has witnessed three Novembers, from 2021 to 2023. In particular, the asset ended November 2021 with a double-digit loss of 29.6%, followed by another 24.93% decline by November 2022. 

The only time November favored Shiba Inu was in 2023 when SHIB saw a gain of 6.62%. Shiba Inu boasts an average decline of 15.9% in November, indicating that SHIB might be poised for a double-digit loss next month. 

However, recent developments, such as the validity of the golden cross projection and increased Shibarium activity, could turn the tide in favor of Shiba Inu. 

Shibarium Activity Surge 

Last week, Shibarium activity spiked tremendously after the network’s active accounts increased by 1,557% to 26,237 on October 23. This led to a remarkable surge in Shibarium’s transaction volume to 3.24 million. The figure rose to 4.76 million on October 26 and has plummeted to about 700,000 at press time.

Despite this fall, Shibarium’s current transaction volume is still above what was witnessed earlier this month and in previous months. The surging transaction volume could strengthen investors’ confidence in Shiba Inu, potentially boosting the demand for its ecosystem tokens, including SHIB.

XRP Set for a Major Surge, Analyst Asserts Explosion is Incoming

Abdulkarim Abdulwahab
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XRP Set for a Major Surge, Analyst Asserts Explosion is Incoming

While XRP has recently dipped below a major psychological mark, some analysts believe that explosive price action is still on the horizon for the altcoin.

On Friday, XRP briefly traded at $0.4935 amid a broader market downturn. However, its price rebounded to $0.5144 on Saturday, only to dip again below the $0.50 mark.

XRP “Explosion is Coming”

In a Sunday commentary, pseudonymous analyst Random Crypto Pal shared XRP’s monthly chart to argue that an explosion is imminent. The chart illustrates that XRP recently broke out from a seven-year trendline, which numerous analysts have argued would be the defining moment for XRP.

The chart suggests that this breakout occurred in August, the month XRP last traded in the $0.4 region before the recent occurrence. Notably, XRP hit a low of $0.4335 in August before peaking at $0.6416 later that month.

In September, XRP went on to reach a higher level at $0.6622, marking its highest point since the fall from its yearly high.

While proponents expected XRP to continue the upward move and establish a higher high by October, it instead dipped to a two-month low over the weekend. However, Random Crypto Pal characterized this dip as a backtest of the breakout.

He stated that it is a “perfect retest of both trend lines,” suggesting that dramatic price action could follow after a successful backtest.

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Previous Arguments for Explosive Price Growth for XRP

This latest commentary builds on Random Crypto Pal’s earlier analysis, which argued for significant price movement due to the tightening Bollinger Bands.

He noted that this tightening has occurred only twice before—once in early 2017 and again in 2020—both times leading to substantial price surges. The 2017 instance resulted in a staggering 71,381% increase, while the 2021 occurrence saw a more modest 1,602% rise. Essentially, he expects a repeat of this historical pattern.

Numerous other analysts have also highlighted the tightening Bollinger Bands as an indicator of a potential price surge.

XRP to Implode Instead of Explode?

However, some commenters on this analysis do not share Random Crypto Pal’s optimism. One even suggested that XRP’s price may implode rather than explode, with another predicting a crash to $0.15.

As of press time, XRP is trading at $0.5132, still recovering from the weekend dip.

Market Veteran Taunts Skeptics After Cardano Prediction Comes to Fruition

Elendu Benedict
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Market Veteran Taunts Skeptics After Cardano Prediction Comes to Fruition

Market expert Benjamin Cowen has reacted mockingly to a post from a Cardano proponent over a year ago, which doubted his ADA/BTC chart analysis.

In a Monday tweet, the ITC Crypto founder referenced an old post calling him out for predicting that Cardano would lose dominance against Bitcoin. He responded almost a year later with, “I wonder if they still want a comment.”

Cowen’s Analysis Comes to Fruition

Notably, he responded to a remark from a Cardano pool operator, who mocked him following his analysis that ADA would trade at 400 SATs (0.000004 BTC). For context, Cowen predicted in August 2023 on Altcoin Daily that the surging Bitcoin dominance will herald an ADA capitulation.

Cowen also reiterated his assertions in a YouTube post in November, placing the same bet on ADA’s performance against Bitcoin. Meanwhile, the market expert received widespread criticism from Cardano proponents at the time, with the tweet in question resorting to demeaning words.

At the time he made the speculations, ADA/BTC traded at 0.00001020, with Bitcoin changing hands for $37,382 and Cardano at $0.382. However, the pair currently exchange hands at 0.0000049, an equivalent of 490 SATs.

With Cowen’s prediction nearing fruition, he took to X to respond to comments criticizing his assertions from a year ago. Specifically, he asked if one of his critics, who asked for comments when ADA rallied against Bitcoin at the time, still needed his input.

What Next After Cardano Struggle?

Cardano has faced severe downward pressure amidst a broader market correction. The altcoin is down 10.29% in the past week and 16.73% month-over-month, trading at $0.3323 at the time of writing.

Meanwhile, bullish macroeconomics like the latest $1.3 trillion Bitcoin liquidity unlock with the partnership between Emurgo and BitcoinOS, and the switch to decentralized governance in early September have still not helped Cardano’s course.

Despite this, analysts are still keen on higher prices for Cardano. For instance, analyst Alikze speculated that ADA is close to a surge to $0.55, citing an upward wave three structure forming on its ascending triangle.

However, an analyst predicted lower prices for ADA, targeting a downtrend to $0.22. The TradingView analyst asserted the price mark for Cardano if it fails to hold its support at $0.33. Notably, ADA is currently trading at the support, and its next price will be determined by how it reacts to the zone.

Shiba Inu: Expert Says SHIBArmy Wants ‘Higher Than ATH’ For SHIB

Lele Jima
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Shiba Inu: Expert Says SHIBArmy Wants ‘Higher Than ATH’ For SHIB

Prominent Shiba Inu community figure Lola makes a bold assertion about investors’ end-of-year target for SHIB. 

In a tweet yesterday, Lola claimed that SHIBArmy, Shiba Inu community members, expect SHIB’s price to record a greater surge, surpassing its previous all-time high (ATH). 

She made the assertion in response to an article titled, “Will Shiba Inu Price Hit ATH [all-time high] Before Year End?” The article projected that significant whale transactions, strong demand, and an effective burn mechanism could propel Shiba Inu’s price to a new all-time high by year-end. 

Why SHIBArmy Wants Higher Than ATH for SHIB 

For context, SHIB registered its previous peak price on October 28, 2021, when it surged to $0.000088845. However, the token has plummeted heavily ever since. At the current price of $0.00001684, SHIB is down 80.91% from its ATH. 

While several community members expect SHIB to hit a new top this year, others like Lola believe this projection is too modest. 

Notably, Lola emphasized that Shiba Inu community members want SHIB to surge higher than an all-time high. This indicates that community members have greater expectations for SHIB and hope for loftier price milestones. Nonetheless, Lola did not specify a target for her projection. 

Shiba Inu’s Recent Performance 

Shiba Inu has struggled to register any major price uptick since it hit a yearly high of $0.000045 in March. Several factors, including geopolitical tension and macroeconomic activities, have negatively impacted SHIB’s performance this year. 

However, Shiba Inu is still up 63.3% year-to-date (YTD) and 117.38% in one year. Conversely, SHIB is down 0.66% in 24 hours, 11.98% in one week, and 18.07% over the past month. 

Despite this, many market analysts remain optimistic about SHIB’s prospects, with some projecting that the token would register a new ATH before the end of the 2024/2025 market cycle. 

In August, popular TradingView analyst Alan Santana forecasted that Shiba Inu could surge to an ATH of $0.00023179 by next year.  Earlier this month, the analyst revised his target, projecting that SHIB would record an ATH of $0.00013994 by the second half of 2025.

Afterward, he speculated that the token would hit a peak price of $0.00022321 before the end of the bull cycle. 

While it remains unclear whether SHIB will reach any of these targets this cycle, it is worth mentioning that the Shiba Inu ecosystem has seen some positive updates lately. 

These updates include the launch of ShibaSwap 2.0 and an increase in Shibarium activity. The developments could intensify SHIB burns, potentially boosting the value of the remaining tokens. 

Ex-Ripple CTO Announces Revival of Codius, Pundit Identifies Potential Impact on XRP Ledger

Sam Wisdom Raphael
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Ex-Ripple CTO Announces Revival of Codius, Pundit Identifies Potential Impact on XRP Ledger

A market commentator calls attention to the potential impact a revival of the smart contracts platform Codius could bring on the XRP Ledger (XRPL).

For context, Stefan Thomas, former Ripple Chief Technology Officer (CTO) and now CEO of Coil, recently revealed plans to develop a new version of Codius, the smart contract platform he pioneered. 

Thomas shared the update on a recent Future Money podcast, mentioning that it remains early to discuss specifics. His announcement has triggered comments, with industry pundits like Max Avery highlighting the potential impact this could have on the XRPL.

Codius’ Core System

In a recent thread on X, Avery, a market commentator and trade consultant, pointed out that Codius could be a major addition to the XRP ecosystem. 

Originally introduced in 2014, Codius set out to create an open-source framework for hosting decentralized applications (dApps) that allows for greater scalability and flexibility than traditional blockchain platforms. 

Avery noted that if reintroduced successfully, Codius could help enhance XRPL’s capabilities by enabling off-chain smart contract processing and a scalable application layer.

Why Codius is Important for XRP Ledger

Thomas initially conceived Codius as a hosting platform that could enable smart contracts to operate beyond the limitations of a single blockchain. 

Unlike typical blockchain-based smart contracts, Codius operates on a peer-to-peer network, allowing decentralized hosting. Avery believes this flexibility could present the XRP Ledger with a unique advantage in the smart contract space. 

As it processes contracts off-chain, Codius could reduce the computational strain on XRPL, preserving its high transaction speeds. The design would allow XRPL to maintain its low fees and rapid transaction rates, despite the building and execution of complex applications.

Also, Codius boasts language flexibility. As a result, developers can use widely adopted programming languages such as Java and C++ to write smart contracts. This makes the platform accessible to a larger pool of developers. 

Avery suggested that this open-ended approach could attract new talent to the XRP ecosystem. According to him, the effect could lead to a rise in innovative dApps that would contribute to XRPL’s growth and adoption.

Interoperability and Scalable Application Layer

Codius also boasts interoperability with multiple blockchains and payment networks. Notably, this makes the platform an adaptable solution for cross-ledger interactions. 

Avery noted that the cross-compatibility syncs with Ripple’s broader vision of an “Internet of Value,” where digital assets and real-world currencies move seamlessly across networks. 

As Codius facilitates these interactions, XRPL could become a central infrastructure for decentralized finance (DeFi) and cross-border payments, bolstering transaction volume on the ledger.

In addition, Codius’s scalable application layer means an adequate distribution of computational tasks. This would help reduce congestion on XRPL itself. By handling resource-intensive tasks off-ledger, Codius allows the XRP Ledger to operate with minimal lag.

New Use Cases for XRPL

The reintroduction of Codius could unlock an array of use cases across industries, particularly in areas like micropayments and the Internet of Things (IoT). 

Given XRPL’s low transaction fees, Codius-powered applications could adopt XRP for cost-effective microtransactions. 

Avery also pointed out that content monetization platforms, where micropayments are important, could find value in this functionality. Codius could drive new types of transactions through XRPL by managing the contract logic off-ledger.

In addition, Avery suggested that the revival of Codius might create fresh incentives for developers to build on XRPL, thanks to its language-agnostic framework and the freedom to integrate external data sources. 

Here’s How High Shiba Inu Could Rise if Total Crypto Market Cap Reaches $10T

Lele Jima
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Here’s How High Shiba Inu Could Rise if Total Crypto Market Cap Reaches $10T

Shiba Inu (SHIB) could move closer to its previous all-time high (ATH) if it maintains its dominance at a $10 trillion total crypto market capitalization.   

The prices of various crypto assets, including Shiba Inu (SHIB), plunged heavily on October 25 following reports that the U.S. government is investigating USDT stablecoin issuer Tether over potential violation of anti-money laundering rules. 

The total crypto market was down 2.09% in 24 hours to $2.27 trillion at press time. Interestingly, Shiba Inu also witnessed a similar decline in the same timeframe. The leading canine-themed token boasts a market cap of $9.95 billion, reflecting a dip of 2.23% over the past day. 

Global Crypto Market Cap Projections 

While the global crypto market cap is currently around $2.27 trillion, there are speculations that it will hit unprecedented levels in the future. 

In particular, Ripple CEO Brad Garlinghouse forecasted that the global market valuation could hit $5 trillion by 2024 ending. Meanwhile, several market observers expect the total crypto market cap to reach loftier targets like $10 trillion before the 2024/2025 market cycle ends. 

Shiba Inu’s Price At $10 Trillion Global Market Cap 

If this $10 trillion projection becomes a reality, the prices of various crypto assets, like SHIB, could surge to unprecedented levels based on their market dominance. 

For context, Shiba Inu’s valuation is currently at $9.95 billion, and the asset has a market dominance of approximately 0.44%. 

Should Shiba Inu maintain this 0.44% dominance when the global crypto market cap reaches $10 trillion, SHIB’s valuation could spike to $44 billion. This represents an increase of 342.21% from the current market cap of $9.95 billion. 

At a $44 billion valuation, Shiba Inu would trade at $0.00007466 per token, assuming SHIB’s circulating supply of 589.26 trillion tokens remains fairly stable. This is still below Shiba Inu’s previous all-time high record of $0.00008616, registered on October 28, 2021. 

Potential ROI 

Nonetheless, investors who acquire Shiba Inu tokens at the current price of $0.00001689 would make a substantial profit of 342.21% on their investments if SHIB reaches a valuation of $44 billion. 

For instance, an investment of $1,000 in Shiba Inu today would rise to $4,422 if SHIB eventually captures the $44 billion market cap. 

Shiba Inu’s Potential Surge to $0.00007 

Meanwhile, several analysts have projected that Shiba Inu will soon surge to the $0.00007 price mark. Analyst Alan Santana speculated that it would rise to the $0.00007 price level in early 2025. 

Earlier this month, pseudonymous TradingView analyst Without_Worries leveraged key technical indicators to forecast a potential rally of 400% for Shiba Inu. According to the analyst, this surge could take SHIB’s price to around $0.000074. 

Regardless of how enticing these predictions may seem, it is important to exercise caution when investing in cryptocurrencies, including Shiba Inu. 

Expert Identifies Critical Launchpad for XRP Rally to $1.88, $5.85 and $18.22

Sam Wisdom Raphael
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Expert Identifies Critical Launchpad for XRP Rally to $1.88, $5.85 and $18.22

In a recent analysis, market watcher Dark Defender has identified a critical resistance level that XRP needs to breach to rally to new heights. 

His long-term structure for XRP, established over a year ago, has targeted three key price points at $1.88, $5.85, and $18.22. To reach these milestones, XRP needs to first break through a strong resistance point at $0.6649.

XRP’s Initial Target and Correction 

Dark Defender’s chart depicts XRP price over a weekly timeframe, with the altcoin showing a strong bullish run leading to its first wave peak at $0.9327. The analyst had set an initial XRP target of $0.89, but the summary judgment ruling in the Ripple case triggered a more substantial push to $0.93 last July.

Following the $0.93 high, Dark Defender predicted a subsequent retracement. Interestingly, XRP faced this retracement, dropping to $0.3814 in July this year, almost perfectly touching the lowest Fibonacci retracement level at 23.6% ($0.3917). 

Despite the steep decline, Dark Defender believes this is the lowest level XRP is likely to reach. The price action since last year shows a narrowing range as XRP continues to move between key support levels of $0.4850 and $0.5286 and resistance at $0.6649. 

XRP 1W Chart Dark Defender
XRP 1W Chart | Dark Defender

These levels are important in determining the next direction for the asset. According to Dark Defender, maintaining support above $0.48 and particularly $0.3917 is important for XRP’s upward potential.

XRP Needs to Break $0.6649

Despite recent consolidations and pullbacks, the long-term outlook remains bullish. While the weekly price chart currently signals red—a bearish signal—Dark Defender suspects this could be a false signal, mainly because the monthly trend remains positive. 

This divergence between the weekly and monthly charts suggests that XRP could soon make significant upward moves if it can break the $0.6649 resistance.

Notably, the 70.20% Fibonacci line aligns with the $0.6649 level, being a major point of contention. Dark Defender refers to this as the “final boss,” as it has rejected XRP’s price several times. 

Breaking above this level could present the launchpad for massive price surges, bringing XRP to its Wave 3 targets. The analyst forecasts that once XRP closes above $0.6649 on either the daily, weekly, or monthly timeframe, a major rally could follow, with $1.88 as the next immediate target.

Ultimate XRP Targets

The chart also depicts potential higher targets for XRP based on Elliott Wave theory. After the $1.88 mark, the next price levels are $5.85 and $18.22. For this to happen, XRP needs to hold key support levels and break through the resistance zones that have constrained its price.

One area of concern is the possibility of XRP dipping back to the $0.3917 support, which has already been tested. Dark Defender mentions the potential for a “double dip” around this area but considers it unlikely.

The market analyst noted that the price is more likely to continue its upward trajectory as long as key support levels hold. At press time, XRP currently changes hands at $0.5302, having dropped 2.37% over the last 24 hours.

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