Cryptocurrency XRP has a chance to grow by more than 800% by the end of the year

A popular cryptocurrency analyst known on Twitter as Dark Defender predicts that the price of the Ripple token XRP $2.21 XRP -2.08% Market capitalization $126.55 billion VOL. 24 hours $0.78 billion may soon rise significantly. The expert assumes that by the end of the year, the digital asset could be trading at $ 3.82.

I’ve never seen the #XRPCommunity silent this much.

This means #XRP is ready.

Based on our pattern, the break is imminent anytime from now to #August.

When the resistance line is broken, XRP will first hit $ 1.33 & then $ 3.82

I trust #Ripple, XRP

Chin up; our day is near. pic.twitter.com/KdpjzPCS0M

— Dark Defender (@DefendDark) May 13, 2023

«Based on our pattern, a breakout is inevitable anytime between now and August. When the resistance line is broken, XRP will first reach $ 1.33 and later $ 3.82,» Dark Defender noted.

Interestingly, the crypto blogger’s optimistic forecast may coincide with the end of Ripple’s litigation with the US Securities and Exchange Commission (SEC), which began in December 2020. «The SEC wants you to think they care about disclosure, transparency, and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior will shock you,» Ripple CEO Brad Garlinghouse said at the time.

Garlinghouse believes that the decision will be made within the next two to six months. «The judge knows everything she needs to know. She has to decide what to do. She can take as much time as she wants, but I hope we will know the verdict before the end of the third quarter of this year,» the Ripple CEO summarized.

Members of the cryptocurrency community hope that Ripple representatives will be able to achieve a positive court decision. In any case, the outcome of the litigation between the blockchain and the US regulator will have significant consequences for the entire cryptocurrency industry.

We would like to add that at the time of writing, Ripple (XRP) is trading at $ 0.42, which is 1.52% lower than yesterday. The coin’s market capitalization is $ 21.8 billion. Traders made daily trading deals worth $ 118.3 million.