Dark

Orange

<ul>
 <li>Crypto analyst Dark Defender predicts a significant rise for Ripple’s XRP token, targeting $0.92 in March.</li>
 <li>The prediction is partly based on an important court date in the SEC lawsuit against Ripple, expected to influence XRP’s price.</li>
 <li>XRP has shown bullish signs by revisiting key support levels and breaking above the $0.61 resistance.</li>
</ul>
Widely-followed crypto analyst Dark Defender sees a promising trajectory ahead for Ripple’s <a href="https://thenewscrypto.com/?s=XRP" target="_blank" rel="noopener noreferrer nofollow">XRP</a> token in March. He specifically predicts a potential surge targeting as high as $0.92 amidst a crucial approaching court date tied to the ongoing Securities and Exchange Commission lawsuit.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Buongiorno. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> visited our support levels and started to form the 3rd Wave by hitting mid-level Orange Resistance. 3rd Wave targets $0.9191. Expected targets: $0.6462 on 1-Mar $0.7707-$0.9191 around 10-13-Mar. Arrivederci!<a href="https://twitter.com/hashtag/ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ripple</a> <a href="https://t.co/t6NTORn5Ar" rel="noopener noreferrer nofollow">pic.twitter.com/t6NTORn5Ar</a>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1762765331716571394?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 28, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
In his latest analysis, Defender notes how XRP has revisited key support levels recently, marking what he views as a bullish technical turning point after months of rangebound action. After kicking off a new impulsive wave pattern, the token broke above $0.61 resistance as well.
Zooming into the XRP chart, the first upside targets get projected at around $0.65 by March 1st initially. This marks a key checkpoint in the Defender’s view that could confirm building upside momentum for the next leg up afterwards.&nbsp;
<h2 class="wp-block-heading" id="h-analyst-eyes-further-gains-for-xrp">Analyst eyes further gains for XRP</h2>
He particularly eyes March 10th through March 13th for fireworks as the most likely window for exponential gains. Defender points to between $0.77 and $0.92 as plausible price levels, citing the prominent court deadline during the same timeframe as playing an influential role.
The SEC faces a March 13th briefing deadline on remedies against Ripple sought through its ongoing lawsuit against the blockchain company. With the case nearing a conclusion after years of uncertainty, volatility looks guaranteed around the resolution.
And with positive tailwinds mounting on both improving technicals and legal backdrops, the odds seem to sway bullish on Ripple for once, hence the prediction for 30%+ gains blowing off critical ceilings.
Presently, XRP trades around $0.59, up 5% in the past 24 hours. Its market capitalization also expanded by almost 5% over the same period, implying a sustained demand resurgence.
Open interest and volumes on XRP futures have also ticked distinctly higher of late, corroborating building traders optimism. The on-chain metrics validate analyst conviction on the token readying for substantial moves after long periods of muted activity.
So while ambitious in isolation, the $0.92 target relies on sound logic around the aligned fundamental and technical catalyst convergence underway. As the SEC drama heads towards finality amidst improving price signals, conviction mounts on bulls defending control into March and beyond.

Ripple: Analyst Calls For Imminent XRP Explosion to $0.92 in March

Table of Contents

TheNewsCrypto

Other articles published on Feb 29, 2024

Gemini announces settlement for earning users’ crypto assets

Bitcoin miners maintain stable holdings despite halving anticipation

Will These Top Meme Coins Give 100% Rally This Week?

Crypto analysts forecast Altcoins frenzy – Get ready to diversify

LTO Network makes their Layer-1 blockchain available for the fight against counterfeit goods

NFT Sales Pump 23% This Week, As NFT Investors Buying NFTs Increase By 43%

Join our free newsletter for daily crypto updates!