Crypto Analyst Identifies ‘Point Of Control’ That Could See A Repeat Of 2017

Crypto
analyst
Dark
Defender

has
highlighted
an
important
indicator
that
could
cause
the
XRP
price
to
repeat
its

legendary
price
move

from
2017.
The
analyst
joins
several
other
analysts
who
have
suggested
that
XRP
could
replicate
its
price
gains
from
that
bull
run. 

How
XRP
Price
Could
Replicate
2017
Price
Gains

Dark
Defender

claimed
in
an
X
(formerly
Twitter)

post

that
XRP’s
current
pattern
is
identical
to
the
2014-2017
pattern
and
will
remain
so
unless
the
$0.3917
“Point
of
Control”
is
not
protected.
The
analyst
explained
that
this
Point
of
Control
(POC)
refers
to
the
price
level
where
most
trades
have

taken
place
since
2014.  

Therefore,
with
XRP
maintaining
this
POC
since
2014,
the
crypto
token
could
replicate
its
historic
price
gain
from
2017,
when
it
rose
by
61,000%
in
280
days.
In
another

X
post,
Dark
Defender
also
claimed
that
XRP’s
current
pattern
was
identical
to
the
2013-2017
pattern
he
had
previously
highlighted.
Considering
this,
he
stated,
“It
will
be
an
absolute
art
to
see
$5.85
and
above.”

Dark
Defender
also
highlighted
another
indicator
that
shows
XRP’s
bullish
prospects.
He
noted
that
the
crypto
token’s
daily
and
weekly

Relative
Strength
Index
(RSI)

is
at
“the
bottom
and
oversold.”
He
added
that
the
monthly
RSI
is
at
the
same
level
as
March
2020
and
November
2022. 

Crypto
analyst
Mikybull
Crypto

also
stated
that
XRP
might
replicate
its
2017
rally,
given
the
current
price
action
path
the
crypto
token
is
following.
He
predicted
that
the
crypt
token
could
rise
above
$4
if
this
were
to
happen.
Mikybull
Crypto
added
that
he
was
confident
about
this
scenario
playing
out
for
XRP
because
the

sentiment
around
the
crypto
token

is
bleak. 

Meanwhile,

crypto
analyst
Javon
Marks

also
alluded
to
XRP’s
price
gain
when
he

recently
predicted

that
the
crypto
token
could
witness
a
39,000%
price
rally
and
rise
to
$200.
He
made
this
prediction
based
on
his
Full
Logarithmic
Follow-Through
indicator,
which
he
noted
was
supported
by
historical
data. 

XRP
To
Still
Rise
To
As
High
As
$18.22

In
his
most
recent

X
post,
Dark
Defender

again
predicted

that
XRP
could
rise
as
high
as
$18.22.
He
stated
that
the
crypto
had
hit
the
latest
Fibonacci
support
of
$0.3917
(also
the
POC)
of
the

5
Elliot
Waves,
with
a
target
of
$1.88,
$5.85,
and
$18.22
now
in
sight.
He
warned
that
any
movement
below
$0.3917
could
alter
the
structure
he
has
been
observing. 

Meanwhile,
the
crypto
analyst
mentioned
that
a

bullish
reversal

is
on
the
cards
for
XRP,
alluding
to
the
fact
that
the
crypto
token’s

weekly
RSI

hit
the
lowest
points,
thereby
signaling
that
XRP
is
an
oversold
area. 

At
the
time
of
writing,
XRP
is
trading
at
around
$0.42,
down
over
4%
in
the
last
24
hours,
according
to

data

from
CoinMarketCap.

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com