Renowned crypto analyst Dark Defender has made another bold prediction that the price of XRP is poised to surge an enormous 1100% to reach a staggering new all-time high of $5.85.
Dark Defender’s thesis is based on the Doji candlestick pattern that emerged when XRP closed out the month of September. The Doji signals indecision in the market after XRP began the month trading around $0.51 and ended around $0.52, virtually unchanged. According to Dark Defender’s analysis, the Doji pattern in this context is a positive development that could foreshadow a retest of $0.66 for XRP in the near future.
If XRP can break through the initial resistance at $0.55, Dark Defender believes there will be enough bullish momentum generated to push the price above its weekly Ichimoku cloud. Breaking through the Ichimoku cloud is viewed as a very positive technical sign that could pave the way for further gains.
This latest $5.85 forecast from Dark Defender represents a significant upgrade from his previous prediction in August that XRP would reach $3. To get to the new target, he lays out key levels that need to be surpassed, starting with the $0.66 retest, followed by a break above $1.33 to really kickstart the bull run.
Dark Defender’s chart suggests this massive 1100% surge could play out over a 3-year timeframe, putting the new all-time high around 2026. This coincides with his view that the next crypto bull market cycle will transpire over that period.
Despite underperforming top cryptocurrencies recently, XRP remains ranked 5th by market capitalization at nearly $28 billion. Over the past week, XRP’s price has already climbed 6% to around $0.52, providing hope that Dark Defender’s trajectory is on track.
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