Analyst Predicts XRP Price Where Many Will FOMO into XRP

Source: CryptoNewsNet Original Title: Analyst Predicts XRP Price Where Many Will FOMO into XRP Original Link: A well-known crypto analyst has suggested that several investors would only FOMO into XRP when the price starts surging to new highs.

XRP Market Sentiment Turns Sour

Dark Defender, who has always maintained a bullish stance on XRP’s price, said this at a time when XRP has continued to face struggles alongside the broader crypto market. Down nearly 30% since October, XRP now changes hands at $2.08, as the bears attempt to breach below the crucial $2 support.

Amid this downtrend, market sentiment has turned mostly sour, leading to occasional selloffs. For instance, an XRP community pundit revealed late last month that whales offloaded $400 million worth of XRP from their balances within a 48-hour period. According to the disclosure, investors holding between 1 million and 10 million XRP mainly contributed to this sale.

Many Will FOMO into XRP at $5.85

As some decide to leave the market during the latest struggles, Dark Defender insists that these investors and others would likely return after XRP has recovered from the current phase to new highs. According to him, a lot of investors will “FOMO” into XRP when it reaches $5.85.

For perspective, with XRP currently trading for $2.08, a rally to $5.85 would represent a 181% increase. Dark Defender has persistently suggested that XRP could target this price level once bullish momentum returns.

For instance, last month, he called attention to a cup and handle pattern on the yearly chart, noting that when a surge occurs, the first target rests at $5.85. Also, in October, he mentioned that XRP had maintained an earlier structure that could lead to higher prices. The analyst set the first upside target at $5.85 and the second at $10.

Possible Run to $10

Interestingly, his latest commentary reinforces his optimism that the $5.85 target remains within reach. In addition, Dark Defender also suggested that the $10 price would materialize “shortly after.” For context, XRP would need to surge by a more substantial 380% from the current price to reach $10.

The market analyst believes those who left and those who have ignored XRP would troop in once XRP hit these levels. Notably, by then, existing investors would already have raked in profits. For perspective, those holding $10,000 worth of XRP today would see their balance soar to $28,100 if XRP hits $5.85, and $48,000 at $10 per token.

According to Dark Defender, this same trend occurred when XRP recovered from the $0.5 lows to reach its ATH of $3.66. Notably, one analyst who suggested XRP investors find other options admitted being wrong in December 2024 after XRP exploded by 400% from the November 2024 lows.