{"id":12070,"date":"2025-05-14T20:17:02","date_gmt":"2025-05-14T18:17:02","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=12070"},"modified":"2025-05-14T20:17:02","modified_gmt":"2025-05-14T18:17:02","slug":"bullish-trends-ahead-is-36-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/14\/bullish-trends-ahead-is-36-on-the-horizon\/","title":{"rendered":"Bullish Trends Ahead: Is $36 on the Horizon?"},"content":{"rendered":"

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Market sentiment surrounding the XRP value is <\/span>turning optimistic<\/span><\/a> as technical metrics and recent chart behaviors indicate a hopeful upward trend over the coming three months. With <\/span>momentum gathering<\/span><\/a>, a cryptocurrency analyst is now anticipating a possible surge that could elevate XRP to $36. <\/span><\/p>\n

According to a fresh forecast<\/span> published<\/span><\/a> by crypto expert Dark Defender on X (previously Twitter), the XRP value is preparing for a <\/span>potentially explosive increase<\/span><\/a> to $36. <\/span><\/p>\n

XRP Value Projected To Reach $36<\/h2>\n
The chart analysis indicates that XRP has surpassed a vital three-month resistance trendline that has constrained its price activity since its <\/span>2018 high<\/span><\/a>. This breakout represents a significant transformation in market dynamics, suggesting that the long-standing <\/span>bearish phase<\/span><\/a> may have concluded. <\/span><\/div>\n

Related Insights<\/span><\/h2>\n<\/p>\n

Dark Defender\u2019s three-month candlestick chart employs the <\/span>Elliott Wave Theory<\/span><\/a>, outlining a five-wave bullish pattern. The analysis suggests that Waves 1 and 2 have already occurred, and XRP now appears to be <\/span>entering Wave 3<\/span><\/a>, typically recognized as the strongest and longest wave. <\/span><\/p>\n

If this Wave 3 structure materializes, XRP could be on the brink of its most powerful surge yet. According to Dark Defender, <\/span>the target for increases<\/span><\/a> could go as high as $36.76, indicating a remarkable 423.6% rise. <\/span><\/p>\n

\"XRP\"
Source: Dark Defender on X<\/a><\/figcaption><\/figure>\n

Before XRP attains this anticipated price point, Dark Defender has projected both short\u2014and long-term optimistic targets for the cryptocurrency. In the short term, XRP could hit $3.33, with a mid-term aim of $5.85. <\/span><\/p>\n

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. <\/span><\/p>\n

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 <\/span>optimistic perspective on XRP\u2019s forthcoming outlook<\/span><\/a>, recalling a post dated March 17 that confidently claimed, \u201cXRP is highly bullish.\u201d<\/span><\/p>\n

Clear Path Ahead For The Altcoin As Resistance Diminishes <\/span><\/h2>\n

In an<\/span> X post<\/span><\/a> 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. <\/span><\/p>\n

Related Insights<\/span><\/h2>\n<\/p>\n

The chart also emphasizes a major <\/span>support zone<\/span><\/a> 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 <\/span>large token holdings<\/span><\/a> at higher price tiers suggests that the price could experience a smoother ascent, unencumbered by significant resistance from profit-takers.<\/span><\/p>\n

\"XRP\"
XRP trading at $2.57 on the 1D chart | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Featured image from Getty Images, chart from Tradingview.com<\/p>\n<\/div>\n


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