XRP has begun 2025 with impressive momentum, reaching a high of $3.4 on January 16, marking its first break beyond the $3 barrier since January 2018. Despite a mild pullback, market analyst Dark Defender remains steadfast in his bullish outlook for the cryptocurrency, urging investors to ignore the surrounding fear, uncertainty, and doubt (FUD) that have emerged.
Sit back, relax, and ignore the FUD.
— Dark Defender (@DefendDark) January 19, 2025
Here is the Weekly Candle, which is about to close,
making XRP exceptionally Bullish.
So, please prepare a cup of coffee for yourself,
and "Enjoy Both". pic.twitter.com/dWvJWqodEc
The year started with XRP at $2.07, followed by an initial surge of 11.87% to $2.3. However, the excitement began to cool, leading to consolidation. This shift in momentum was followed by a breakout last week, pushing XRP above the $3 mark, a significant achievement. On January 16, XRP hit $3.4 on Bitstamp, only to experience a minor pullback afterward, as broader market uncertainty set in.
Dark Defender attributes this FUD-driven sentiment to the wider market context, suggesting that despite the pullback, XRP’s uptrend remains intact. He points to XRP’s weekly chart, which shows a brief descent into a descending channel after reaching $2.9 in December 2024. This resistance led to a 21.16% correction, but Dark Defender emphasizes that this was merely a temporary setback.
After breaking out of this channel in early 2025, XRP surged again, reinforcing Dark Defender’s belief that the coin is poised for more substantial gains. He encourages XRP holders to “sit back, relax, and ignore the FUD,” adding that the close of the current weekly candle could signal a continued bullish trend.
With the target set around $5.8, Dark Defender’s consistent bullish narrative aligns with other analysts like EGRAG, who suggest that XRP could reach $6 in the current bull run. With XRP currently priced at $3.07, a rally of just 89% would take it to the $5.8 mark, a potential 994% increase from its September 2024 value of $0.53.
For now, the outlook remains positive, and Dark Defender is confident that XRP’s future is bright, with the possibility of further price gains ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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