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XRP Bulls Roar: Analyst Foresees Explosive Surge With 'God Candle' On The Horizon
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XRP Bulls Roar: Analyst Foresees Explosive Surge With ‘God Candle’ On The Horizon

Samuel Edyme
Samuel Edyme
1 year ago
3 mins read
Ethereum Bullish Turn

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XRP investors are eyeing a potential price surge, and one analyst forecasts an optimistic outlook for the cryptocurrency.

Dark Defender, a prominent figure in the XRP community, has drawn parallels between the current market movement and the 2017 historic rally.

According to Dark Defender, this resemblance suggests a significant upward trajectory for XRP, potentially culminating in what he refers to as a “God Candle.”

Related Reading

Ripple (XRP)

XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch

1 year ago

Market Analysis And Forecast: A Closer Look At XRP’s Future

Dark Defender’s analysis centers around the observation that the current market dynamics echo the 2017 cryptocurrency boom, characterized by substantial shifts in digital asset valuations.

During this time, XRP experienced a notable ascent from mere fractions of a cent to over $3, reaching an all-time high in January 2018.

Drawing from this historical context, Dark Defender suggests that XRP’s current sideways movement may indicate an impending surge, highlighting consistent Fibonacci points as evidence of potential price targets.

This moment is not just a coincidence, it’s a Deja Vu. A Deja Vu that takes us back to 2017, a time of significant shifts in the cryptocurrency market.

We had one of the most extended sideways but the targets and the support Fibonacci points are still the same.

I have added the… pic.twitter.com/rnWanciV1i

— Dark Defender (@DefendDark) April 17, 2024

While recent market activity has seen XRP’s value decline by approximately 22% over the past week, with prices dipping from last Thursday’s $0.60 to as low as $0.44 during the weekend, there are signs of resilience within the altcoin.

In the early hours of today, XRP exhibited a modest uptick, posting a marginal increase of around 1.2% and reaching a 24-hour high of $0.50. However, at the time of writing, the altcoin has retraced back down by 0.4% with a current market price of $0.49.

XRP price chart on TradingView
XRP price is moving sideways on the 4-hour chart. Source: XRP/USDT on TradingView.com

XRP Market Sentiment

Amidst this fluctuation, XRP whales have demonstrated a bearish sentiment. Particularly, Whale Alerts, a whale transaction tracker, has recently shared significant transactions on social media platform X, highlighting the movement of large volumes of tokens.

One notable transaction involved the transfer of 158 million tokens valued at $77 million from a private wallet to the Binance crypto exchange. This sizable transfer raised concerns among investors anticipating a shift from a bearish trend to a bullish surge.

Additionally, another transaction involved the transfer of 28.9 million XRP, equivalent to $14.2 million, to Bitstamp. Despite the prevailing bearish sentiment, cryptocurrency analyst Javon Marks, similar to Darkdefender, has revealed his optimistic outlook on the altcoin.

Related Reading

XRP Price

XRP Price Set For 3,000% Rally To $22, Analyst Predicts

1 year ago

Marks, previously recognized for his bullish stance on the altcoin, recently adjusted his predictions, envisioning a 400x surge in XRP’s price. His forecast projects the altcoin to soar to roughly $288.

With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for $200+.

Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER!

A mind-boggling, +33,030% run from… https://t.co/RWklG3ALh0 pic.twitter.com/r1Jie98X9s

— JAVON⚡️MARKS (@JavonTM1) April 5, 2024

Featured image from Unsplash, Chart from TradingView

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Reason to trust

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