According to the latest XRP price analysis by renowned crypto analyst Dark Defender, the seventh-largest crypto asset is on the verge of reaching new heights.
Taking to X, Defender projected XRP to attain price levels in the range of $0.9 in March. The crypto analyst cited new developments in the pending lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple.
Read Also: As XRP Shows Signs of Recovery, Analyst Pinpoints Key Support and Resistance Levels to Watch
The Development In The SEC VS Ripple Lawsuit
Per recent reports, the United States digital assets regulatory body pleaded that the court delay deadlines for filing briefs connected with remedies in the protracted legal battle until March 13.
The SEC noted that it would need more time to gather sufficient information for potential remedies for a recent dispute. It is left to see what the court eventually decides. For now, the lawsuit is on with an anticipated Jury trial in April 2024.
Dark Defender’s XRP Price Prediction With Attached Timeline
Sounding confident, Defender spotlighted three distinct resistance levels on the XRP price chart that would orchestrate the digital asset’s price once exceeded.
The crypto analyst noted that he expects XRP to clinch the first support level at $0.6462 on March 1, adding that it will be crucial in ensuring that XRP hits maximum levels when due.
Exceeding $0.6462 will usher XRP into another phase, with prices ranging between $0.7707 and $0.9191. Defender noted that the new cycle will play out between March 10 and 13. It is left to see how events unfold on the specified dates.
Buongiorno. #XRP visited our support levels and started to form the 3rd Wave by hitting mid-level Orange Resistance.
— Dark Defender (@DefendDark) February 28, 2024
3rd Wave targets $0.9191.
Expected targets:
$0.6462 on 1-Mar
$0.7707-$0.9191 around 10-13-Mar.
Arrivederci!#ripple pic.twitter.com/t6NTORn5Ar
Read Also: Depending On XRP Elliott Wave Path, Analyst Predicts 3,361% or 2,400% Surge to $18 or $13
XRP in the Market
According to data on CoinGecko, XRP is changing hands at approximately $0.59, reflecting a 2% uptrend in the past 24 hours. The digital asset boasts a market cap of about $31,521,117,666 and a trading volume of approximately $3,048,324,493.
As Bitcoin (BTC) continues to pump, it is safe to say that the alt season is drawing closer, which would orchestrate one of the biggest rallies across altcoins, including XRP.
Whether XRP will attain a new all-time price high is left to be seen. Meanwhile, a renowned crypto analyst and XRP enthusiast is convinced that XRP will surpass BTC to attain price levels around $7. Should Egrag Crypto’s assertion happen, it implies that XRP will ascend to a new ATH, which will be almost twice its current $3.81 peak price.
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