Ripple (XRP) is currently leading the cryptocurrency market speculations with immense traction and courage. The token is surrounded by chatter about the upcoming ETF buzz debate, followed by the token being at the center of stablecoin activity. However, with the latest market volatility, the XRP price has recently taken a significant plunge, exploring the $2 price realm. That being said, the future XRP price outlook looks incredibly bright, as experts have pointed out, which in turn brightens the market mood.
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XRP Future Price Outlook
According to Dark Defender, XRP’s price path is now diversifying with time. The token is currently sitting at $2.77, down significantly from its earlier ATH of $3 and above. However, it seems that the current XRP price plunge is nothing short of a lucrative opportunity for investors to bank on, as projections made by Dark Defender are bullish enough for the market to seek inspiration from.
Per Dark Defender, XRP is leaving no stone unturned to reclaim the $3.33 mark, which it may end up doing, as its chart shows a formation hinting towards embracing its former high.
“Hi all! #XRP is nearing completion of the corrective action: ABCDE and preparing for lift-off! We are nearing the end of the consolidation. After this consolidation and reclaiming $3,333, nothing will be able to stop what’s coming. Road to Double Digits #XRPArmy Ohhh One One One!!!
New Short-Term Targets Unlocked
According to Dark Defender, XRP is eyeing multiple high price targets, especially at a time when its ETF approval dates are around the corner. Per the expert, XRP is on the path towards exploring the highly coveted $4.17, $4.92, and $5.85 price marks, revelations that have greatly helped lighten the sullen market mood at present.
“Hi all. What a wick was that? #XRP, after rejecting the $3.13, once again tapped our support level. It also touched the primary support trend in the orange color we have been using so far. Well, the structure remains as it is. Daily RSI is getting closer to oversold. I know there is a huge disbelief at the moment, and especially if this lasts in October, but we will all be surprised; just remember. The falling wedge will ultimately be broken. Keep the faith. Targets: $4.17, $4.92, $5.85. Supports: $2.8057, $2.64.”
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