Ripple (XRP) is one of the fastest-growing cryptocurrencies, surging at a rapid pace. XRP is currently sitting at $2.95, after noting a significant 6% drop in the last 24 hours. The market is currently noting a significant price upheaval, with XRP trying to break out of the bubble to hit significant price markers of $4.55 and $5.85. One noteworthy expert has predicted how fast XRP can claim these pivotal points.
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XRP To Claim $5.85: Here’s When?
Ripple (XRP) is currently undergoing phases of transformation. The first phase is currently in process as the new US SEC regime change is expected to end the ongoing SEC-Ripple legal spat, pushing the token push to new highs. The second phase involves the SEC approving the pending XRP ETFs, which could again catapult XRP’s price to new highs. The rising institutional interest in the token is also driving XRP to claim new price spots, provided the token leverages the market momentum well and steadily.
In the middle of this, one noteworthy analyst, Dark Defender on X, has claimed that Ripple is currently trying to break out from a 4-hour triangle, which could be pivotal for its future price path and trajectory.
Per Dark Defender, XRP’s third wave is currently targeting a new price spot of $5.85. The expert was quick to outline how XRP could majorly surge first to the $4.55 price level before gradually ascending towards hitting the $5 price spot.
Talking about the timeline in detail, Dark Defender shared how “next week” could prove pivotal to new Ripple price formation, with the token forging new price milestones.
“I expect #XRP to break out of the 4-hour triangle within 16-20 hours, upside. We set our weekly structure in August 2023, and the third wave targeted $5.85. Since then, we have used the same targets with an additional $4.55 level. Next week will be dynamic.”
I expect #XRP to break out the 4-hour triangle within 16-20 hours, upside.
We set our weekly structure in August 2023, and the third Wave targeted $5.85.
Since then, we have used the same targets with an additional $4.55 level.Next week will be Dynamic. pic.twitter.com/gBGdTClrVF
— Dark Defender (@DefendDark) January 26, 2025
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The Token’s Price Prediction
Per CoinCodex, XRP may surge to sit at a new price spot of $3.18 by February 23, 2025.
“According to our current Ripple price prediction, the price of XRP is predicted to drop by -0.92% and reach $ 3.18 by February 23, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 75 (Greed). Ripple recorded 17/30 (57%) green days with 15.59% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy Ripple.”
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