$3 XRP is History Forever: Analyst Predicts Soaring Run to $5.8

XRP’s recent market performance has reignited bullish sentiments, with analysts projecting remarkable highs. According to renowned market analyst Dark Defender, the $3 psychological mark will soon become a thing of the past, with XRP poised for an imminent surge to $5.8.

XRP Reclaims $3 After Seven Years

After years of stagnation, XRP finally reclaimed the $3 level on January 15, 2025, for the first time since January 2018. The cryptocurrency soared to $3.4 the following day before facing resistance. This impressive rally began in November 2024 when XRP was trading at just $0.5. Within two weeks, XRP conquered the significant resistance levels of $1 and $2, showcasing strong bullish momentum.

“$3 Will Be History Forever,” Says Dark Defender

Dark Defender’s latest analysis highlights that XRP’s pullback after hitting $3.4 led to the formation of a descending trendline on the 4-hour chart. This trendline has acted as a roadblock, capping further bullish momentum. However, XRP briefly broke above the $3.24 resistance on January 20, reaching $3.36 before pulling back again due to broader market uncertainties.

Despite this retracement, Dark Defender remains confident that XRP will breach the $3 mark definitively. He asserts, “$3 will be history forever,” as bullish momentum builds. His analysis suggests that once XRP overcomes this resistance, it could trigger a rally to unprecedented levels.

The Path to $5.8

Using Fibonacci extension levels, Dark Defender predicts XRP could reach $5.8, representing an 86% increase from its current price. This target aligns with the 261.8% Fibonacci extension level, a critical point for chart analysts. Achieving this milestone would see XRP surpass its 2018 all-time high and solidify its position as a leading cryptocurrency.

Current Market Conditions

At the time of writing, XRP trades at $3.1198, down 0.85% over the past 24 hours and 5.49% in the last seven days. While the market faces challenges, bullish analysts like Dark Defender and EGRAG believe XRP’s upward trajectory is inevitable. Last October, EGRAG projected a worst-case scenario of $6 for XRP in this bull run, further fueling optimism among investors.

Conclusion

As XRP continues to battle resistance at the $3 level, market watchers remain hopeful for a significant breakout. Should the bullish predictions hold true, XRP’s journey to $5.8 could redefine its market dynamics and attract renewed interest from investors. For now, all eyes remain on the charts as XRP strives to transcend its psychological barriers and make history once again.

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