To begin the week, the cryptocurrency market saw most leading cryptocurrencies in an uplift, including XRP, which was valued at approximately $0.61 during the latest report.
Based on his examination of XRP‘s monthly chart, Dark Defender, a renowned crypto analyst known for interpreting altcoin price movements, believes that XRP is primed for a notable price hike. He forecasts that it could shatter its current pricing limits and achieve substantial growth in April, potentially reaching beyond the $1 mark.
April is a Key Month for XRP
Although XRP has been exhibiting indications of stabilization with no significant price fluctuations around $0.60, one analyst remains convinced that this digital asset won’t be limited to such a narrow range. He asserts that April holds significance, predicting an upcoming surge in value for XRP beyond its current price point.
Starting in April, there’s a good chance we’ll see many faces melting away due to the anticipated elimination of this resistance. We had projected this change would occur during the month of April, and now seems to be the time for it to unfold. I believe the price will soon reach $1, which will serve as a stepping stone for further advancements towards $1.88 and $5.85.
Traders are generally apprehensive that XRP will bounce back and then trade in a range. However, the analyst is confident that the price will surge past $1.88 and $5.85 at some point.
In a similar vein, Dark Defender presented an assessment of the XRP/BTC chart using three monthly timeframes. “Each candlestick or price bar emerges every three months (3 months), with Aril marking the beginning of the new bar (April, May, and June create a new candlestick)”.
Hello everyone, Today I’d like to examine the monthly price charts for the #XRP and #BTC pair. I was inspired to do so after being reminded by @MoonLambo of an recent update.
A candle or price bar is created every three months, with Aril marking the beginning of a new one (signifying the combination of April, May, and June).
— Dark Defender (@DefendDark) April 7, 2024
Industry insiders who follow XRP‘s progression express consensus and anticipate a significant price surge once XRP manages to surpass the $0.75 threshold. According to CryptoPotato, this breakthrough could potentially lead XRP to reach prices between $1 and $1.30.
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2024-04-11 21:58