XRP has been experiencing a period of volatility in recent weeks. The digital asset began climbing in early March after lagging behind the rest of the market for a few days. XRP surpassed $0.7 before falling with the rest of the market. The digital token also fell below $0.6 but has recovered slightly, currently trading at $0.6363, with a 3.63% increase over the last 24 hours.
Despite XRP’s decline, prominent analyst Dark Defender (@DefendDark) remains optimistic about the cryptocurrency’s future, issuing a revised timeline for potential price increases.
Read Also: Based On Historical Pattern, Analyst Predicts XRP 440% Surge Within a Week
Dark Defender’s Past Predictions
Dark Defender’s confidence in his forecasts stems from the accuracy of his recent XRP price predictions. In late February, when XRP was trading around $0.58, he projected a rise to $0.6462 by March 1. This prediction proved remarkably close, as XRP surged to a high of $0.6476 on March 2.
Furthermore, Dark Defender predicted XRP would trade between $0.7707 and $0.9191 by March 10 to 13. Once again, his prediction came true as XRP experienced a surprising 20% surge on March 11, reaching $0.7421. The success of these prior forecasts strengthens Dark Defender’s belief in his future predictions.
Revised Timeline for XRP Price Increases
Dark Defender has adjusted his short-term price targets for XRP. He now suggests that XRP could trade between $0.9771 and $1.5 in April. Additionally, he anticipates a potential surge to $2.3172 in the short term, a price not seen since 2018.
This revised timeline is based on his technical analysis. He highlights an Elliot Wave pattern on the chart, which indicates that XRP has re-established itself within a crucial support zone. From this foundation, Dark Defender believes a bullish price wave is likely to develop. He contends that XRP will maintain this level and climb towards his projected targets, which he expects to materialize in April.
Hi there, here is your 1 Day Time Frame Update. #XRP was $0.58 on 28 Feb.
We expected XRP to hit:
1. $0.6462 on 1-Mar ✅
2. $0.77-$0.92 on 13-Mar ✅($0.75)
3. $1 in April, in progressBased on the new high of $0.75, the targets are updated as follows:
Fibonacci Levels:… pic.twitter.com/35ks68rLFq
— Dark Defender (@DefendDark) March 20, 2024
Read Also: Analyst Spots XRP Crucial Support Level to Clear the Path for $5.85
Bullish Sentiment Surrounding XRP
Dark Defender is not alone in his optimistic outlook for XRP. Analyst EGRAG has taken an even more bullish stance, predicting a surge to a staggering $17 by May and a continued climb, with XRP reaching $27 by November.
XRP is showing signs of recovery, and while predicting its exact future is difficult, the recovery and predictions suggest a period of potential growth on the horizon. With continued developments within the Ripple ecosystem, XRP could begin its climb to these targets soon.
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