Crypto
XRP Price Targets $7 and $10.11 Despite CLARITY Act Defeat
Crypto analyst Dark Defender released a technical outlook for XRP that predicts strong future gains despite the recent defeat of the CLARITY Act in the US Senate.
The forecast points to a sequence of potential price surges, reaching as high as $10.1101, regardless of the bill's status.
According to Dark Defender's analysis, XRP is currently finishing a corrective ABC pattern, with Wave (C) finding support near the 50% Fibonacci level at $1.2939.
The analyst's chart signals the beginning of a five-wave Elliott Wave impulse, with Wave (3) targeting the 361.80% Fibonacci extension at $7.0786, and a pullback in Wave (4) potentially dropping to $4.1043 before Wave (5) drives the asset up to $10.1101.