Crypto analyst Dark Defender has presented his analysis of XRP's recent price movements, which has proven to be accurate. This article discusses expected price levels and potential corrections.
XRP Price Milestones in April
According to Dark Defender's forecast, XRP followed key price targets set on April 9 and 11. During this period, the cryptocurrency reached $2.222 and then began a correction, reflecting a level of $2.04.
Dark Defender's Predictions
Dark Defender suggested that XRP might drop to $1.74 based on Fibonacci levels. The forecast incorporates Elliott Wave theory, indicating that the price decline is part of a final correction before a potential rally.
Final Analysis and Future Outlook
Dark Defender's analysis shows that XRP may be on the verge of a final drop before another increase. The observed wave structure and support levels set the stage for subsequent price movements.
Dark Defender's forecast for XRP underscores the importance of technical analysis and understanding price dynamics. The anticipated correction to $1.74 could become a good point for potential growth moving forward.
