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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

XRP Price Prediction: $36 Is In The Cards As 3-Month Timeframe Turns Bullish?

Scott Matherson
Scott Matherson
4 months ago
3 mins read
XRP

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Market sentiment around the XRP price is flipping bullish as technical indicators and recent chart movements suggest a promising upward trajectory over the next three months. With momentum building, a crypto analyst is now eyeing a potential rally that could push XRP as high as $36. 

According to a new prediction posted by crypto analyst Dark Defender on X (formerly Twitter), the XRP price is gearing up for a potentially explosive surge to $36. 

XRP Price Forecasted To Reach $36

The chart analysis shows that XRP has broken through a crucial three-month resistance trendline that has capped its price action since its 2018 peak. This breakout signals a powerful shift in market structure, indicating that the long-standing bearish trend may be over. 

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Dark Defender’s three-month candlestick chart applies the Elliott Wave Theory, mapping out a five-wave bullish structure. The analysis shows that Waves 1 and 2 have already played out, and XRP now appears to be entering Wave 3, which is typically seen as the strongest and longest wave. 

If this Wave 3 pattern holds, XRP could be on the verge of its most powerful rally yet. According to Dark Defender, the upside target could reach as high as $36.76, representing a staggering 423.6% increase. 

XRP
Source: Dark Defender on X

Before XRP reaches this projected price level, Dark Defender has forecasted short—to long-term bullish targets for the cryptocurrency. In the short term, XRP could reach $3.33, with a mid-term goal of $5.85. 

Additional milestones along the way include key percentage gain levels that may act as interim resistance zones. A 161.8% gain points to a potential price of around $13.81, while a 261.8% surge suggests a move toward $18.96. If momentum continues, the token could push further to $26.87, aligning with a 361.8% increase. 

On the downside, support levels at $2.3620 and $2.222 are expected to act as strongholds in case of any retracement before continuation. Moving forward, Dark Defender has doubled down on his bullish stance on XRP’s future outlook, referencing a tweet dated March 17 that boldly declared, “XRP is extremely bullish.”

Clear Path Ahead For The Altcoin As Resistance Thins Out 

In an X post released on May 13, Ali Martinez, a prominent crypto analyst, disclosed that on-chain data from Glassnode shows a clear bullish path for XRP, with no signs of major resistance clusters ahead. The analysis based on the UTXO Realized Price Distribution (URPD) indicates that a significant portion of XRP tokens were last moved at lower price levels. 

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XRP Price Macro Channel Breakout That Puts Targets At $17-$55

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The chart also highlights a significant support zone at $2.38, where nearly 1.85 billion XRP, amounting to 2.92% of its supply, were last transacted. This concentration of holders could serve as a psychological and technical support level if the market pulls back. Moreover, the absence of large token holdings at higher price ranges suggests that the price could experience a smoother ascent, unburdened by major resistance from profit-takers.

XRP
XRP trading at $2.57 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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