Dark Defender Updates XRP Performance

Dark Defender, a cryptocurrency analyst, recently updated XRP’s performance, highlighting the breach of significant resistance.

In addition, Dark Defender provided price forecasts based on the monthly MACD indicator, anticipating additional price increases for XRP.

However, the ongoing investor class action lawsuit against Ripple adds uncertainty to the future of this cryptocurrency.

Dark Defender, a Twitter-famous crypto analyst, has provided an update on XRP’s performance and price projections.

According to Dark Defender, XRP was able to overcome two primary resistances and achieve prices of $3.82 and $1.50. This positive development suggests the potential for further cryptocurrency gains.

In addition, Dark Defender highlighted that the third resistance had been broken, indicating that XRP may reach $3.39 during Wave 1.

The analyst’s projections for Wave 3 include a $22 price target for XRP. The current XRP price is $0.479278, and the 24-hour trading volume is $835,419,758.

In addition to Dark Defender’s observations and the class action lawsuit, another analyst provided potential XRP price levels based on various events.

These estimates include a settlement announcement at $3.50, relisting on U.S. exchanges at $5, Ripple’s IPO at $7, and possible bank partnerships at $10.

However, XRP’s price growth is not the only factor influencing its future. The ongoing class-action lawsuit filed by investors against Ripple has raised concerns.

The lawsuit alleges that Ripple, its CEO, Bradley Garlinghouse, and its subsidiary, XRP II, violated federal and state securities laws.

They allegedly raised hundreds of millions of dollars through the unregistered sale of XRP.

Ripple contested the lawsuit’s certification, arguing that the plaintiffs did not adequately protect the class’s interests.

In addition, concerns have been raised about the delisting of XRP by several U.S.-based cryptocurrency exchanges.

Bill Morgan reportedly contacted Coinbase’s chief legal officer, Paul Grewal, regarding Coinbase’s decision to exclude XRP while continuing to allow the trading of other assets recognized by the SEC as securities.

The ongoing Ripple lawsuit and the anticipated Summary Judgment by the end of 2023 will impact the future of XRP.

In light of a new price update, crypto exchanges may reconsider their decision to delist XRP following the case’s conclusion.