Crypto Analyst Predicts $18 + $XRP Price Explosion
Crypto expert Dark Defender presented a strong argument for XRP's price growth in a recent report. Dark Defender finds a huge bullish pattern, which he calls a “bull flag” on the Binance XRP/USD chart on a monthly time period.
XRP Price Prepares For Explosion
A green arrow indicates a strong bullish momentum that began in early 2017 and peaked later that year. Dark Defender calls the market activity after this high a bull flag. This pattern involves price consolidation after a strong move, like a flag on a pole.
As a red declining trend line and a blue ascending trend line converge, the consolidation forms a triangle, indicating that it is reaching its finish. Dark Defender predicts a breakthrough.
I've seen postings on XRP's daily bull flag, etc. If they are corrective bull flags, so is this. Bullish, however. It is monthly, three-month, and six-month. You may drink coffee today if you know a bull flag. Cheers, he said.
Dark Defender forecasts prices using the flag pole and Fibonacci extension levels. After XRP breaks over the red resistance line, the first goal is the 161.80% Fibonacci level, which would lead it to $1.88. Another ambitious aim is the 261.80% Fibonacci level at $5.86.
The most optimistic aim is 361.80% Fibonacci, which may push the price to $18.23. Dark Defender's blue line, similar to the flagpole, suggests XRP might surge beyond $18.