Financial Expert Claims XRP Could Hit $280 in Next Bull Cycle

A well known cryptocurrency analyst known as Dark Defender has caused quite a stir in the digital assets ecosystem with his outrageous XRP price prediction. The analyst claims that XRP, the native cryptocurrency of Ripple, can reach a staggering $280 in the next few years, an increase which is astronomical compared to current levels.

XRP Historical Patterns Signal Massive Growth Potential

Dark Defender bases this ambitious forecast on XRP’s previous bull market performance, particularly the 2017 cycle when the digital asset surged more than 60,000% to reach its all-time high of approximately $3.30. The analyst suggests that a similar percentage increase in the next major bull run could push XRP to between $280 and $333, with this peak potentially occurring between 2026 and 2027.

“XRP has demonstrated its capacity for explosive growth in previous market cycles,” says Dark Defender. “The Fibonacci levels indicate $333 as a precise target, though $280 represents a more conservative estimate based on historical patterns.”

This prediction isn’t isolated. Another respected market analyst, Egrag Crypto, has independently arrived at a similar conclusion, forecasting that XRP could climb to $222 if it follows a trajectory comparable to its 2017 performance.

• Read More on Cbet Promo Code 

Near-Term Technical Analysis Shows Critical Price Levels

While the long-term predictions point to substantial gains, more immediate technical analysis suggests XRP is currently at a pivotal point. According to analyst CasiTrades, XRP is testing a critical resistance level around $2.54, sitting just below a significant trendline in its consolidation pattern.

“A successful break and hold above $2.54 would open the path to next targets at $2.70 and $3.05,” CasiTrades explains. “I believe we’re still in the early stages of Wave 3, which could eventually take XRP to around $9.50.”

Additionally, analyst Ali Martinez has pointed out what seems to be a potential head and shoulders pattern in XRP’s price chart. If XRP manages to avoid a close below the neckline of the pattern and instead breaks above the right shoulder, Martinez argues that it will invalidate a bearish formation and could potentially spark a rise toward $5.

For traders, these differing timeframes and predictions changes offer insight into the nature of volatility when it comes to investing in cryptocurrency. And while the claim for $280 does indeed seem plausible based on historical performance, it is XRP’s ability to break past certain resistance levels that will determine price movement in the near future.