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What Is Next For The XRP Price After Flipping BNB?
The XRP price is enjoying bullish momentum as the crypto flipped BNB to become the fifth-largest crypto by market cap. Amid this development, crypto analyst Dark Defender has provided insights into what price levels the crypto could reach next as part of this bullish continuation.
XRP Price To Reach $3.4 Next As It Eyes ATH
In an X post, crypto analyst Dark Defender predicted that the XRP price could reach $3.4176 next as it targets its current all-time high (ATH) of $3.84. This came as the analyst noted that XRP broke one of the critical resistances at $1.44 and successfully retested $1.63 following that breakout.
With that successful retest, Dark Defender said that XRP could touch one of the main Fibonacci levels, which is $1.88. The analyst went on to list $3.41 as a new target that market participants should keep an eye on as the crypto could rally to that level once it reaches this Fib level.
Based on the analyst’s accompanying chart, this XRP price rally to $3.41 could happen sometime in December. Meanwhile, the crypto could also break its current ATH next month as Dark Defender reaffirmed that $5.85 is one of the targets to keep an eye on for XRP.
Interstingly, the crypto analyst doesn’t expect the XRP rally to stop there, as he highlighted $11.3 as a new target for the crypto in this bull run. Based on Dark Defender’s prediction, $11 is still unlikely to be the market top. He recently predicted that XRP could hit $18 sometime next year, using the Elliot Wave theory.
Meanwhile, the crypto analyst mentioned $1.44, $1.28, $1.14, and $1.03 as new support levels, which the crypto needs to hold above to enjoy these parabolic rallies. XRP is riding a bullish wave as it flipped the BNB to become the fifth-largest crypto by market cap.
Is Solana The Next?
In another X post, Dark Defender suggested that XRP could flip Solana next as the XRP price rallies further. The Solana price is currently trading at around $244, with a market cap of $115 billion. Meanwhile, XRP boasts a market cap of $96 billion.
An XRP price rally to $3.4 would give it a market cap of $193 billion and could see the crypto flip Solana. However, that will also depend on how high SOL rises during this period. Crypto analyst CrediBULL Crypto has even provided a more bullish outlook for XRP, stating that the crypto wants its ‘top 3’ spot back.
This means that XRP could flip Solana and Tether to become the third-largest crypto by market cap, behind the top 2 cryptos, Bitcoin and Ethereum. It is worth mentioning that XRP was once above Ethereum before the Ripple SEC lawsuit began in 2020.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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