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Alejandro Arrieche
Author
Alejandro Arrieche
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Cryptocurrencies are having a bad day but this analyst is still confident that one in particular could reach new heights in 2025 upon assessing its latest price action.
Dark Defender, a crypto trader whose X account is followed by nearly 130,000 users, shared a chart that showed how $XRP could jump to $5 within the next few weeks despite the token’s latest retreat.
Thus far in the session, the native asset of the Ripple network is booking 4.4% losses in the past 24 hours and currently stands at $2.32 per coin. Other major cryptocurrencies including Bitcoin ($BTC) and Ethereum ($ETH) are also experiencing similar drops of 5.2% and 7.1% respectively.
Meanwhile, the performance for XRP in the past 30 days is also negative as it accumulates losses of 5.5%.
However, Dark Defender believes that the current pattern – a descending triangle – should unfold as expected with a short-term breakout of the $2.5 resistance level to occur once sellers exhaust their ammo.
It is worth noting that all top 10 cryptocurrencies including XRP are in positive territory in the past 7 days despite this drop.
Hence, this retreat is interpreted as a take-profit move rather than a full-blown pullback.
Analysts were also expecting some weakness in the crypto market as the date for Donald Trump’s inaugural speech approaches.
This event is considered a “sell the news” moment for crypto as the first pro-crypto President will be sworn in to open up a new era for this still relatively young industry.
Triple Bottom Pattern for XRP Still in Play Despite Temporary Setback
Multiple touches of the $1.95 support level have resulted in the formation of a triple bottom pattern that could propel the price of XRP to $3.5 in the near term – which is pretty much in line with Dark Defender’s predictions.
Today’s setback is not necessarily bad as buyers exhausted most of their capital while pushing XRP from $2 to $2.5 in the past few days and would be naturally inclined to cash in on those short-term profits.
Trading volumes yesterday when the price tagged the upper trendline were above the average, meaning that this is a contended area.
Both the Relative Strength Index (RSI) and the MACD are sending conflicting signals as expected as the overall trend is still unclear. However, the most probable outcome in the absence of a negative macro catalyst would be a move above the $2.5 area for XRP once sellers capitulate.
Vote-to-Earn (V2E) Pioneer Meme Coin Raises $9M in Presale
Flockerz ($FLOCK), a vote-to-earn (V2E) meme coin protocol, has already raised over $9 million during its presale event.
Investors are recognizing its potential to lead a new movement that could redefine how strong communities are built.
The V2E mechanism is designed to compensate token holders for participating in key decisions that affect the future of the projects they support.
In the case of Flockerz, a decentralized autonomous organization (DAO) called Flocktopia will be the meeting place for investors to cast their votes and be rewarded accordingly with additional $FLOCK tokens.
This system transforms investors into active community members and creates a deeper sense of belonging – all of which are positive factors that contribute to the success of meme coin projects.
Owning $FLOCK is the first step to become a part of this new movement that could reshape the meme coin space for good.
At its current price of $0.0066351, this token offers an advantageous opportunity that could result in huge gains once the asset is listed on exchanges.
To buy $FLOCK, head to the Flockerz website and connect your wallet.
The event will only last 14 more days so make sure you get there before the window closes. You can either convert USDT or ETH tokens or use a bank card to make your investment.
No time to waste, you can become a part of the $FLOCK now.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
