Famous cryptocurrency analyst Dark Defender has revealed his future prospects for the XRP/BTC trading pair, which has attracted the attention of many in the cryptocurrency world. In a recent X post, the analyst states that XRP is very close to a significant rally versus Bitcoin (BTC).This result is forecast This can have a significant impact on investors and traders.
Dark Defender’s insights are based on the historical trends he observed in the XRP/BTC pair. He notes that each time the pair hit the “ultimate support” level on a monthly basis, there was a significant pullback. This support level is a critical level where buying pressure is usually higher than selling pressure and the price moves higher.
Analysts believe that current market conditions indicate that Ripple coin is approaching this important support level for the second time. Dark Defender believes this month is the beginning of his “tremendous rise” in XRP against BTC. His confidence is based on a thorough analysis of past price movements and technical indicators that are highly reliable in predicting such rebounds.
Source: According to chart dark defender
Cryptocurrency community’s mixed reactions to XRP predictions
The crypto community has reacted differently, with a mixture of enthusiasm and wariness. Most traders rely on the reliability of Dark Defender’s accurate predictions for their profit potential. Nevertheless, there is also recognition of the fact that virtual currency markets are volatile by their nature and may defy the best analysis in some cases.
This expected price increase could be the trigger that pushes XRP to new levels in terms of market value and popularity. Rising institutional investor interest and continued development of the XRP ledger make the timing of this potential rally very good.
XRP is traded at $0.5074, registered an increase of 0.34% in the past 24 hours. Despite this short-term growth, the token has fallen by 5.23% over the past 7 days. This is indicative of the volatility and inconsistent trends prevalent in the cryptocurrency market. XRP’s 24-hour trading volume is a high $757,015,093.
sauce: TradingView
The field is currently bracing for a potential major shift in the relationship between XRP and BTC, and Dark Defender’s analysis is creating a very compelling story about what will happen next. What his future holds is a real mystery, but the excitement he has generated is enough to excite the cryptocurrency community.
