Cryptocurrency expert names a digital asset that has a chance to grow by 1100%

Crypto industry analyst Dark Defender has returned to the crypto community with another bullish forecast for the XRP price. The expert believes that the value of the coin will increase by 1100% and reach $ 5.85.

In August, Dark Defender also presented a similar forecast for the digital asset: the analyst said that we should expect a breakout to $ 3, using the wave trend as a basis for this.

Now, the target price of XRP has become higher, indicating that a new historical high of $ 5.85 is possible for the digital asset. Dark Defender believes that the cryptocurrency will first need to break through $ 0.66, and then the next rise will lead to $ 1.33.

As for when the new all-time high will occur, the chart shared by the analyst goes all the way to 2026. This means that the next bull market is expected to have a three-year timeframe.

At the time of writing, XRP has lost 2.76% of its value and is trading at $ 0.509. The total supply of coins circulating on the market amounted to $ 27.14 billion. Traders executed daily trading deals worth $ 902.75 million, an increase of more than 20%.