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Market sentiment surrounding the XRP value is turning optimistic as technical metrics and recent chart behaviors indicate a hopeful upward trend over the coming three months. With momentum gathering, a cryptocurrency analyst is now anticipating a possible surge that could elevate XRP to $36.
According to a fresh forecast published by crypto expert Dark Defender on X (previously Twitter), the XRP value is preparing for a potentially explosive increase to $36.
XRP Value Projected To Reach $36
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Dark Defender’s three-month candlestick chart employs the Elliott Wave Theory, outlining a five-wave bullish pattern. The analysis suggests that Waves 1 and 2 have already occurred, and XRP now appears to be entering Wave 3, typically recognized as the strongest and longest wave.
If this Wave 3 structure materializes, XRP could be on the brink of its most powerful surge yet. According to Dark Defender, the target for increases could go as high as $36.76, indicating a remarkable 423.6% rise.
Before XRP attains this anticipated price point, Dark Defender has projected both short—and long-term optimistic targets for the cryptocurrency. In the short term, XRP could hit $3.33, with a mid-term aim of $5.85.
Further milestones on this journey encompass essential percentage gain levels that may function as temporary resistance regions. A 161.8% gain points toward an expected price of approximately $13.81, while a 261.8% rise hints at a movement towards $18.96. If momentum persists, the token could push ahead to $26.87, corresponding with a 361.8% increase.
On the downside, support levels at $2.3620 and $2.222 are projected to offer strongholds in case of any retracement before progression. Moving forward, Dark Defender has reiterated his optimistic perspective on XRP’s forthcoming outlook, recalling a post dated March 17 that confidently claimed, “XRP is highly bullish.”
Clear Path Ahead For The Altcoin As Resistance Diminishes
In an X post released on May 13, Ali Martinez, a notable crypto analyst, revealed that on-chain data from Glassnode illustrates a clear bullish trajectory for XRP, with no indications of significant resistance clusters ahead. The analysis based on the UTXO Realized Price Distribution (URPD) indicates that a considerable fraction of XRP tokens were last exchanged at lower price regions.
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The chart also emphasizes a major support zone at $2.38, where approximately 1.85 billion XRP, accounting for 2.92% of its supply, were last transacted. This concentration of holders could serve as a psychological and technical support level if the market pulls back. Additionally, the lack of large token holdings at higher price tiers suggests that the price could experience a smoother ascent, unencumbered by significant resistance from profit-takers.
Featured image from Getty Images, chart from Tradingview.com
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