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<p>The post <a href="https://coinpedia.org/price-analysis/xrp-price-is-poised-to-hit-5-8-says-top-crypto-experts/" rel="noopener noreferrer nofollow">XRP Price Is Poised to Hit $5.8, Says Top Crypto Experts</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>XRP, the cryptocurrency associated with Ripple, is expected to experience a significant surge against Bitcoin following the halving event. Despite the ongoing legal battle between Ripple and the SEC, analysts remain optimistic, suggesting <a href="https://coinpedia.org/price-analysis/xrp-price-cross-50-fib-retracement-level-with-this-breakout/" rel="noopener noreferrer nofollow">XRP price to surge</a> by 100 to 58431%.</p>
<h2 class="wp-block-heading" id="h-xrp-eyes-for-5-85">XRP Eyes For $5.85</h2>
<p>Dark Defender, a prominent crypto analyst, took to X platform to share insights into XRP’s recent performance.&nbsp;</p>
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   <p lang="en" dir="ltr">Hi all. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> had the break-out yesterday, as we expected.<br><br>In the Monthly Time Frame, it is obvious the move has <a href="https://twitter.com/hashtag/started?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#started</a>. <br><br>The huge Resistance of $0.6649 is broken in the Daily, &amp; <a href="https://twitter.com/hashtag/confirmed?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#confirmed</a> <br><br>$0.6649 will be Confirmed for the Weekly &amp; Monthly Frames.<br><br>Our targets are closer… <a href="https://t.co/pgSJmfT0s6" rel="noopener noreferrer nofollow">pic.twitter.com/pgSJmfT0s6</a></p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1767652316922970565?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 12, 2024</a>
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<p>According to Dark Defender’s analysis, XRP’s Monthly Time Frame indicates that XRP’s move has officially begun. The cryptocurrency has successfully breached the significant resistance level of $0.6649 in the Daily Time Frame.</p>
<p>Looking ahead, the analyst outlines targets for XRP’s price in the coming weeks. The analyst predicts XRP to approach the $1.33 mid-resistance level, with further Fibonacci targets of $1.88 and $5.85 on the horizon.</p>
<h2 class="wp-block-heading" id="h-experts-bullish-take">Experts Bullish Take</h2>
<p>Renowned analyst CrediBULL Crypto has also pointed out promising technical indicators for the XRP/BTC pair, suggesting the possibility of substantial gains for investors. According to CrediBULL, XRP is currently in an “accumulation phase” within a larger demand area, indicating an imminent upward movement.</p>
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   <p lang="en" dir="ltr">Topped up the <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> position here for the 4th time- USD and BTC pairings are in sync. Within our larger, HTF zone of demand we now have a lower TF accumulation base formed, a confirmed D3 bull div, and if we close here in about 8 hours we will have a double D3 bull div. <br><br>At the… <a href="https://t.co/lgJeQfLXvG" rel="noopener noreferrer nofollow">https://t.co/lgJeQfLXvG</a> <a href="https://t.co/YV7aelYtwT" rel="noopener noreferrer nofollow">pic.twitter.com/YV7aelYtwT</a></p>— CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1769745357599056015?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 18, 2024</a>
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<p>CrediBULL Crypto’s analysis hints at a potential 100% surge in XRP’s price against BTC post-halving. The analyst predicts a short-term growth of 15-20%, with the possibility of a further jump if XRP manages to surpass key resistance levels.</p>
<p>Backing his analysis, CrediBULL Crypto revealed that he has increased his position in XRP, citing the “RSI Divergence” indicator as support for his decision.&nbsp;</p>
<h2 class="wp-block-heading" id="h-xrp-s-6-year-pattern">XRP’s 6-Year Pattern</h2>
<p>Drawing parallels to a Symmetrical Triangle pattern observed between 2013 and 2017, the market analyst <a href="https://twitter.com/CryptoCrewU/status/1769468797734224239" rel="noopener noreferrer nofollow">Steve Courtney suggests</a> the possibility of history repeating itself. Meanwhile, in that period XRP saw a significant surge, resulting in a 58431% increase.</p>
<p>If that follows, we can see XRP surging from the current <a href="https://markets.coinpedia.org/xrp/" rel="noopener noreferrer nofollow">price of $0.620</a> to $352.94. As the time will tell whether XRP will see such amount of surge or follow the current pace.&nbsp;</p>

XRP Price Is Poised to Hit $5.8, Says Top Crypto Experts

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