Crypto analyst Dark Defender has again provided a bullish outlook for the XRP price, predicting that the altcoin will be the “one” over Bitcoin and Ethereum. The analyst outlined why he is confident that XRP could soon dominate the leading cryptocurrencies by market cap.
Why The XRP Price Could Dominate Bitcoin & Ethereum
In an X post, Dark Defender outlined reasons why the altcoin is the “One” and why the XRP price will dominate Bitcoin and Ethereum. First, he stated that the altcoin is the only coin with regulatory clarity, considering that Judge Analisa Torres has declared that the altcoin isn’t a security. Moreover, the US SEC has dropped the Ripple lawsuit, which is also bullish for the altcoin.
Secondly, the analyst alluded to the fact that XRP could be included in the Digital Asset stockpile, which US President Donald Trump created through an executive order. He also remarked that ETF approvals are imminent, which also provides a bullish outlook for the altcoin.
Market expert Nate Geraci also recently predicted that XRP ETF approval is only a matter of time. Polymarket data also shows that there is an 87% chance of an approval this year.
Meanwhile, Dark Defender stated that Ripple stablecoins are coming including ones that will be pegged to other currencies, just like the RLUSD. In line with this, the analyst asserted that it was not Bitcoin and it has never been ETH but instead XRP.
In another X post, Dark Defender stated that XRP has formed a great bullish rectangle pattern. Based on this, he asserted that this consolidation will be over very soon and that the next leg will welcome new all-time highs. His accompanying chart showed that the altcoin could rally to $11 when this consolidation period is over.
Bear Case For The Altcoin
Amid this bullish outlook for the XRP price, legendary trader Peter Brandt has raised the possibility of the altcoin dropping to as low as $1.07. He revealed that the crypto is forming a textbook head-and-shoulder pattern. The trader added that XRP is now range bound.
Above $3, Brandt stated that he would not want to be short while below $1.9, he would not want to own the altcoin. He further remarked that the bearish pattern projects a decline to $1.07.
However, other crypto analysts such as Javon Marks are still bullish on the altcoin. Marks recently suggested that the XRP price could witness a 570% surge as price and RSI break out to the upside.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. 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, a traveler 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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