XRP Market Analysis: Dark Defender Predicts a Repeat of 2017’s Surge

Crypto analyst Dark Defender has shared his bullish prediction for XRP, drawing parallels to the asset’s impressive surges in 2017. He believes that current market dynamics point towards a repeat of this past pattern, with XRP showing signs of strength reminiscent of the historic rally that saw it surge from fractions of a cent to over $3. The chart patterns he highlights are based on previous cycles and indicate potential for another major bull run. 2017 marked a period of impulsive growth and strong buying pressure, fueled by a clear five-wave structure. This led to a sustained rally with XRP’s RSI hitting impressive levels, while its Ichimoku Clouds remained above the cloud zone, indicating bullish momentum. However, recent years have seen XRP experience a period of correction following a corrective pattern before another potential surge. The current resurgence is fueled by the SEC lawsuit being resolved and the market structure displaying a strong upward trajectory with a clear breakout recently.