XRP has continued to hold its ground above the $3 mark despite attempts by sellers to push it lower. At the time of writing, XRP, valued at $180 billion, is trading at $3.10—a 2.66% blip in the past 24 hours.
Analyst Sets Ambitious XRP Targets for the Future
And now, crypto analyst Dark Defender, in a post on X (formerly Twitter), has shared a bullish outlook for XRP. According to the analyst, XRP’s seven-year price consolidation positions it to target $77.7 in the mid-term, with other key milestones set at $5.8 and $18.22.
The analyst attributes this optimism to XRP’s potential for wider adoption, driven by factors such as a possible spot XRP ETF approval in the U.S. and Ripple’s legal victory against the SEC. These developments could significantly boost investor confidence in XRP, further fueling its price growth.
XRP Price Analysis: Bulls Show Strength but Correction Looms
The daily XRP price chart, sourced from TradingView below shows mixed signals for the token’s near-term movement. The MACD indicator is about to see a bearish divergence as the MACD line (blue) is about to touch the signal line (red) and the histogram is expected to turn bearish as well.
Meanwhile, the RSI stands at 63.78, indicating bullish dominance in XRP’s current price action. However, the RSI’s trajectory hints at a potential short-term correction, signaling traders to monitor the market closely.