Crypto analyst Dark Defender set a new short-term target for XRP, predicting that the price may reach US$1.88 to US$2 within two days.
Crypto analyst Dark Defender set a new short-term price target for XRP, predicting that the cryptocurrency may rise to US$1.88 to US$2 within two days. His forecast was based on a chart pattern on November 13, 2024, and noted that the pattern was similar to the market conditions that triggered the 500% surge in XRP at the time.
Market momentum and historical similarity
XRP traded below $1 at the beginning of last week, extending a decline since 2025. However, earlier this week, the U.S. Treasury announced plans to double the size of long-term bond repurchases starting on September 9, a policy that quickly changed the trading environment. The move has driven a significant rise in Bitcoin and boosted broader cryptocurrency market sentiment. XRP rode on the momentum and outgrew Bitcoin in the following days. If XRP follows the chart pattern previously observed in November 2024, it could reach $1.88 to $2 in two days.
Key events in Washington affect market sentiment
Following the Treasury Department's announcement, President Donald Trump hosted a number of prominent crypto industry leaders at the White House. Ripple CEO Brad Garinhaus, Coinbase CEO Brian Armstrong and Robinhood executives all attended the meeting, as well as representatives of key regulatory agencies such as Securities and Exchange Commission Chairman Paul Atkins and Commodity Futures Trading Commission Chairman Michael Selig. Ripple is a blockchain payment company known for its XRP tokens. The same week, the U.S. Securities and Exchange Commission proposed a new regulatory framework for cryptocurrencies. The framework includes two financing exemption mechanisms and a safe harbor clause. Under the Safe Harbor clause, once the blockchain of digital tokens operates independently, they can be separated from securities classification. Commodity Futures Trading Commission Chairman Michael Selig said that regardless of the Senate vote on the CLARITY Act on September 15, the Commodity Futures Trading Commission will advance formal crypto market rules. XRP hit US$1.68 in this round of gains before falling back to US$1.48.
Community Reaction and Skepticism
The cryptocurrency community reacted mixed to Dark Defender's price forecast. Some praised his analysis and encouraged him to continue publishing content, after announcing that he would stop activities on X (Twitter) until verification status was restored, raising concerns among some. Others appealed directly to Elon Musk to restore the blue certification mark to bring back attention for his updates. Many community members remain optimistic, with one user saying he has held an XRP position for three years and is willing to wait longer. Another user believes that the current rally will last until at least the Senate considers the CLARITY Act, and predicts that prices will rise further if the bill is passed. However, more sceptical voices point out that relying entirely on past chart patterns may ignore changes in market structure. Some people cited changes in Binance's top trader ratios and the rise of algorithmic trading, believing that the market environment for XRP has evolved significantly, thus questioning the accuracy of historical analogies. Others directly denied this forecast, pointing out that past price forecasts often deviated from target before they finally aligned with price movements. Some observers warn that algorithmic trading and changing market dynamics have made past chart patterns less reliable in predicting future price movements.

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