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Dark Defender, a well-known market analyst, reveals that his ultimate target for investing in XRP is not the $3, $5 or $18 level, but an ambitious $333 price.
The seasoned market watcher disclosed this when XRP traded between a low of $0.6197 and a peak of $0.6323. At the time, XRP’s price had slipped into an uptrend, but maintained range-bound movements due to a prevalent consolidation.
People think that I am here for 3, 5, 18?
I am here for $333 minimum.
— Dark Defender (@DefendDark) March 9, 2024
Shortly after his disclosure, XRP spiked to the yearly peak of $0.7440, but faced intense resistance at this level. Dark Defender’s remark is a testament of the growing confidence among market participants and analysts regarding XRP’s future prospects. This confidence is the bedrock of multiple ambitious price projections.
XRP’s $3, $5 and $18 Targets
Notably, Dark Defender has also projected XRP to reach the $3, $5 and $18 price levels. In April, the analyst asserted that XRP was on the verge of breaking a crucial resistance level. He emphasized that such a breakout would set the stage for a rally toward a range of $1.88 to $5.85.
Dark Defender’s analysis at the time addressed remarks from market participants that XRP had continued to consolidate between $0.49 and $0.67. He stressed that the imminent breakout would push XRP above this range, potentially outperforming market expectations.
Hey there. XRP is ready for the monthly break, which is imminent when you check the monthly time frame below.
I hear the ones; #XRP only goes sideways between $0.49, $0.58, and $0.67, right?
Yeah yeah, I think starting this Month, April, a lot of melting faces will be around.… pic.twitter.com/kqlhDEqpGy
— Dark Defender (@DefendDark) April 8, 2024
In response, Mr. Huber, a community sleuth, argued that XRP would still consolidate after reaching $0.64. Dark Defender declared that, in the future, discussions around XRP’s consolidation would focus on the $2 to $3 range. This projection suggests that XRP would trade consistently within this mark.
The analyst noted that at this level, he would argue for an XRP price surge to the $5 to $18 range. According to him, from this point, XRP would be susceptible to retesting the $1.33 to $1.88 range. The analyst’s commentary indicates his bullish outlook for XRP’s future trajectory.
An Audacious $333 XRP Target
Interestingly, while Dark Defender expects the $3, $5 and $18 price targets to materialize, he believes XRP is destined for much greater heights. In January, the analyst predicted that XRP has the potential to reach an audacious $333.
His March remarks, which came two months after this analysis, suggests he is completely confident of this price target. However, market participants have expressed skepticism. At the current circulating supply of 55.9 billion tokens, a $333 price for XRP would translate to an $18.6 trillion market cap.