- XRP fell 4.18% to $1.24, while Dark Defender outlined a conditional $4.11 target.
- EGRAG’s longer-term projections depend on chart confirmation and carry no firm deadline.
- Ripple’s freeze announcement concerns RLUSD stablecoins, not native XRP.
XRP price fell 4.18% to $1.24 over 24 hours in the supplied market snapshot as the Binance breach unsettled traders. Analysts offered bullish recovery scenarios despite the decline, including Dark Defender’s $4.11 target. Those projections remain conditional, while Ripple’s response concerns freezing affected RLUSD stablecoins rather than establishing that XRP itself can be frozen.
XRP Price Rebounds Near $1.20 as Analyst Maps $4.11 Target
Dark Defender said the token touched $1.1989 before bouncing, slightly below his anticipated $1.2133 level. He interpreted the move as completion of a corrective second wave and projected a third wave toward $4.11.
From $1.24, that target implies approximately 231% upside. However, the wave count reflects an analyst’s interpretation, not confirmation that the correction has ended.
For XRP price, the recent low provides a reference for assessing whether buyers can maintain the rebound. A renewed break beneath it would challenge the immediate recovery narrative, although the analyst supplied no explicit invalidation rule.
EGRAG CRYPTO focused on the monthly chart and attempts to reclaim the 21-period exponential moving average. His macro Fibonacci targets are $6.80, $16.17 and $31.64, with no firm timeline for the correction’s end.
In a separate three-week chart outlook, he identified $13.68 as another potential objective. These projections use different setups and should not be treated as a single confirmed price path.
XRP Price Outlook Faces Uncertainty Over Stolen Exchange Assets
Arkham-linked reporting estimated that approximately $300 million in XRP was taken during the exchange attack. Bitquery separately traced roughly 233.5 million tokens leaving five exchange accounts.
These findings concern assets held by Binance, rather than evidence that the XRP Ledger’s consensus system was breached. Transfers into attacker-controlled wallets also do not establish that those tokens were sold.
XRP price therefore faces uncertainty over possible future selling, alongside broader market sentiment. The supplied figures do not isolate how much of the daily decline resulted directly from the theft.
Ripple executive Jack McDonald said the company was freezing affected RLUSD holdings and coordinating with relevant parties. His statement addressed the dollar-backed stablecoin and did not announce a freeze of native XRP.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
