NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

XRP Price Set To Soar Past $5.85, Predicts Crypto Analyst

Jake Simmons
Jake Simmons
9 months ago
3 mins read
XRP price

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

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5.85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.

Why XRP Looks Still ‘Super Bullish’

According to Dark Defender, the XRP price is currently determined by three trend lines. Two of these trend lines form a symmetrical triangle pattern, while the third—a downward-sloping orange line—represents a long-term downtrend that XRP has recently broken above on the monthly chart.

Related Reading

XRP price

Bollinger Bands Indicate XRP Price Surge Ahead Despite SEC Challenges: Expert

9 months ago

The symmetrical triangle, formed by two converging trendlines, shows a 4-year long period of consolidation. This pattern is generally considered a continuation pattern, meaning that the price is likely to continue in the direction of the existing trend upon breakout. In XRP’s case, the price has tried to break to the upside several times – thus far without success.

The third trendline, the downward-sloping orange line, has been acting as a significant resistance level for XRP since summer 2021. The fact that XRP has broken above this long-term downtrend line on the monthly chart is a strong bullish signal. This breakout suggests a shift in market sentiment from bearish to bullish, potentially leading to substantial price appreciation.

XRP price analysis
XRP price analysis, 1-month chart | Source: X @DefendDark

Integral to Dark Defender’s analysis is the application of Elliott Wave theory to XRP’s price action. The chart shared by the analyst displays an Elliott Wave count that suggests XRP is poised to enter a Wave 3 impulse move, historically the most powerful and extended wave in the five-wave trend sequence.

In this context, the analyst believes that XRP has completed Wave 2—a corrective phase characterized by downward price movement—and is now embarking on Wave 3. This wave is often marked by strong momentum and increased market participation, potentially explaining the anticipated surge above $5.85.

The projected target aligns with Fibonacci extension levels commonly associated with Wave 3 movements, providing a technical basis for the significant price increase. In the short term, the 70.2% Fibonacci price level at $0.6649 is the most crucial resistance for XRP. If this barrier breaks, wave 3 could be confirmed. A first major extension target would be the 161.8% Fibonacci level at $1.88. The ultimate target could be the 261.8% Fibonacci level at $5.85.

Related Reading

XRP price news

XRP Macro Charts Signal Explosive Bullish Move Despite SEC Appeal: Analyst

9 months ago

The analyst also points out that the Heikin Ashi candles are currently averaging at $0.57 on the monthly chart. “When Heikin Ashi Candles (average-price candles, currently at $0.57) are considered, the monthly average price stays above the support level, which is critical for XRP to continue the momentum,” Dark Defender notes.

Additionally, the Moving Average Convergence Divergence (MACD) indicator on the monthly timeframe has printed a green dot, a bullish signal suggesting increasing upward momentum. The MACD is a momentum oscillator that helps traders identify potential trend reversals. A green dot typically signifies that the MACD line has crossed above the signal line, indicating a positive shift in momentum.

Ultimately, Dark Defender contends that XRP’s price action is largely independent of external news events, including developments related to the SEC lawsuit against Ripple. While acknowledging that such news can have a minor impact, the analyst argues that technical patterns and indicators hold more sway over XRP’s movements.

“As most expected, nothing happened after the appeal decision. XRP just were at the Ichimoku clouds top around $0.60+ levels and bounced back from there to $0.50+. I am Bullish; why? As I always highlight, XRP does not follow any news such as SEC. OK, they have a minor impact, but that’s it,” Dark Defender notes.

Based on the technical factors outlined—including the breakout above the long-term downtrend line, the significance of the symmetrical triangle, the importance of the Heikin Ashi monthly average price, bullish signals from the MACD, and the Elliott Wave count—Dark Defender is “super bullish” on XRP. The analyst anticipates that the asset will follow historical patterns leading to a price exceeding $5.85.

At press time, XRP traded at $0.53.

XRP price
XRP holds above the trend line, 1-week chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
Tweet123Share196ShareSend
Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

Read more

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

XRP To $10? Basketball Legend’s Poll Puts Crypto On Center Court

Scottie Pippen, the six‑time NBA champion, stirred up the crypto community this week. He put out a poll on X...

Christian Encila 4 days ago
Beste altcoins om nu te kopen volgens betrouwbare marktsignalen en technische analyse

Beste altcoins om nu te kopen volgens betrouwbare marktsignalen en technische analyse

De cryptomarkt biedt op dit moment interessante kansen voor wie op zoek is naar de beste altcoins om te kopen....

Lars Diederiksen 4 days ago
XRP vs Solana ETF news

XRP Vs. Solana: Experts Predict Which Spot ETF Will Lead Inflows

In an interview hosted by Kyle Chassé, Bitwise Chief Investment Officer Matt Hougan and Bloomberg ETF analyst James Seyffart weighed...

Jake Simmons 5 days ago
Load More

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

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ripple

Ripple CEO Sounds Alarm: If You’re An XRP Investor, You Should See This

Scott Matherson 4 days ago
XRP

XRP Produces Successful $3 Support Retest – But What Next?

Semilore Faleti 4 days ago
XRP

Crypto Analyst Warns XRP Investors Amid Market Retrace

Scott Matherson 4 days ago

Premium Sponsors

Press Releases

  • Earn $9,141 a day with mobile mining! ETHRANSACTION Smart...

    4 days ago
  • イーサリアムの価格が3,700ドル付近で横ばい、次の注目銘柄はこのico 仮想通貨プロジェクトか?大型チャンスの予感

    ...

    4 days ago
  • 次の100倍を狙えるミームコインを見逃すな?話題の取引ボット連動型トークンがそのチャンスかも

    ...

    4 days ago
  • FTXが9月も返金を継続:弱気相場に備える仮想通貨プレセール3選

    ...

    4 days ago
  • 暗号資産価格暴落によるパニック売りの中で注目される新しい仮想通貨の買い時とは

    ...

    4 days ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.