Cryptocurrency Analyst 'Dark Defender' Predicts $XRP Price Will Be $5 in 2025

Cryptocurrency is having a bad day, but this analyst still believes that there is a cryptocurrency that can reach new highs by 2025 when evaluating its latest price movements. Dark Defender, a cryptocurrency trader with account X being followed by nearly 130,000 users, has shared a chart showing that $XRP could rise to 5 dollars in the next few weeks despite the recent pullback of this token.

Up to now in the trading session, Ripple's native asset is recording a 4.4% loss in the past 24 hours and is currently at $2.32 per coin. Other major cryptocurrencies including Bitcoin ($BTC) and Ethereum ($ETH) are also experiencing similar declines of 5.2% and 7.1% respectively. Meanwhile, XRP's performance over the past 30 days has also been negative, accumulating a loss of 5.5%. However, Dark Defender believes that the current model - the decreasing triangle pattern - will unfold as expected with a short-term breakout above the $2.5 resistance level when the selling side runs out of steam. It is noteworthy that all 10 leading cryptocurrencies, including XRP, have seen an increase in the past 7 days despite this decline. Therefore, this retreat is understood as a profit-taking move rather than a complete withdrawal. Analysts also predict that the cryptocurrency market will weaken as the date of Donald Trump's inauguration speech approaches. This event is considered the 'sell news' moment for cryptocurrency as the first cryptocurrency-friendly President will be sworn in to open a new era for this relatively young industry. The Triple Bottom pattern for XRP is still unfolding despite a temporary decline

Multiple touches of the $1.95 support level have led to the formation of a triple bottom pattern that could push XRP price to $3.50 in the near future - quite in line with Dark Defender's prediction. The decline today is not necessarily a bad thing because buyers have exhausted most of their capital pushing XRP from $2 to $2.5 in the past few days and naturally will tend to profit from those short-term gains. The trading volume yesterday when the price touched the trend line above the average level, meaning that this is the area being contested. Both the Relative Strength Index (RSI) and MACD are sending conflicting signals as expected because the overall trend is still unclear. However, the most likely outcome when there is no negative macro catalyst will be XRP rising above $2.5 as sellers capitulate.