Crypto analyst Dark Defender forecasts that the price of XRP could reach $5 this year, supported by significant activity from major players in the XRP market.
Major Investors’ XRP Activity
According to Whale Alert data, an unknown wallet transferred 300 million XRP (approximately $649.8 million) to Ripple. Another unidentified wallet sent 30 million XRP to the Bithumb exchange. Such substantial transactions can have significant impacts on the market.
Market Expectations and Future Predictions
Dark Defender noted that Fibonacci target levels remain the same, with the first target precisely set at $5.85. Additionally, he stated that XRP has completed a correction pattern on the weekly timeframe.
Future price movements of XRP will likely continue to be shaped by the behaviors of major investors and overall market trends. Analysts’ positive forecasts may increase investor interest in XRP.
