đąđšXRP Holder âSit Back, Relaxâ, Analyst Says XRP is Exceptionally Bullish đ đ
Market analyst Dark Defender suggests XRP is âexceptionally bullish,â urging market participants to sit back and relax.
According to Dark Defender, it is imperative that XRP holders ignore the ongoing FUD. For context, this FUD campaign comes on the back of broader market uncertainty that has capped XRPâs market uptrend at the $3 price region.
âSit Back, Relaxâ
Dark Defenderâs chart shows that XRP eventually broke above this descending channel in the second week of the new year. This breakout paved the way for a more substantial uptrend, which resulted in the rally to $3.4 last week. Now, despite the mild pullback, Dark Defender believes the uptrend is still intact.
âSit back, relax, and ignore the FUD,â he charged XRP investors, suggesting that the close of the current weekly candle would make XRP âexceptionally bullish.â When the uptrend resumes, the analyst sets a target around the $6 price mark, particularly at $5.8.
Interestingly, Dark Defender has persistently championed the XRP to $5.8 narrative over the past few months. Last September, he called attention to XRPâs symmetrical triangle on the 3-month timeframe, predicting that the altcoin could break out to a price target of $5.8
At the time, XRP traded for $0.53, requiring a 994% increase to claim the $5.8 mark. However, with XRP currently changing hands at $3.07, it now needs to rally by a mere 89% to reach $5.8.
Market analyst EGRAG also asserted that XRPâs worst-case scenario could see it claim $6 this bull run.
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