2024

Raydium

Dark

April

Top crypto analyst Dark Defender has reiterated his bullish stance for the price of XRP, highlighting the potential of the coin to hit $1 in April. This sentiment has garnered attention in the community across the board. This sentiment, coming amidXRP significant price corrections witnessed in the broader crypto market, curated a tidal wave of frenzy among crypto market traders and investors globally. 
<h2 id="diving-deep-into-the-1-analysis">Diving Deep Into The $1 Analysis</h2> 
According to Dark Defender’s recent analysis of XRP’s price action, using candlestick charts on a weekly timeframe, the price of the Ripple-backed asset has reached a level that was previously considered resistance but is now acting as support. This underscores potential bullish momentum for XRP, with the new resistance levels at $0.6044 and $0.6649, accompanied by support levels at $0.5731, $0.5381, and $0.4623. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Hi all. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> weekly candle is hovering on the previous resistance &amp; using there as new support. 
 Weekly Update: 
 Resistances: $0.6044, $0.6649 
 Supports: $0.5731, $0.5381, $0.4623 
 Targets: The Same. 
 Enjoy your weekend! <a href="https://t.co/02z1VAWKvE">pic.twitter.com/02z1VAWKvE</a> 
 — Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1776568941474644144?ref_src=twsrc%5Etfw">April 6, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The statement shared by Dark Defender promptly gained substantial traction across the broader crypto market as the analyst appears to have been extremely bullish on this chronicle for quite some time now. As reported by CoinGape Media earlier, <a href="https://coingape.com/xrp-price-primed-to-hit-1-analyst-predicts-amid-ongoing-rally/" target="_blank" rel="noopener">Dark Defender claimed the token to hit $1 in April</a>, right before the market witnessed this year’s onset of a crypto bull run. Further, the analyst continued portraying a sense of confidence in his anticipation of XRP’s rising price action ahead despite numerous corrections witnessed to date. This is what gradually garnered noteworthy attention to the analyst’s remarks. 
Meanwhile, with the BTC halving approaching, the broader market remains optimistic about a potential bull run for altcoins as well, as altcoins have been noted to follow Bitcoin’s broader uptrend. This further cemented the foothold of the analyst’s prediction throughout the crypto horizon. Additionally, XRP mirrored this optimism with remarkable gains over the past day. 
Also Read: <a href="https://coingape.com/bitcoin-whale-activates-dormant-115m-wallet-as-bitcoin-halving-looms/" target="_blank" rel="noopener">Bitcoin Whale Activates Dormant $115M Wallet as Bitcoin Halving Looms</a> 
<h2 id="xrp-jumps">XRP Jumps</h2> 
As of writing, the <a href="https://coingape.com/price/xrp/" target="_blank" rel="noopener">XRP token’s price</a> noted a rise of 1.68% in the past 24 hours and is currently trading at $0.5907. This surge in the Ripple-backed token’s price, pushing it to near $0.6 mark, further aligns with the analyst’s prediction, fueling optimism among investors. 
However, intriguingly, the analyst claims XRP will hit $1 in April despite the <a href="https://coingape.com/sec-ask-judge-torres-for-final-judgment-in-ripple-xrp-lawsuit/" target="_blank" rel="noopener">SEC’s recent call on Ripple</a> in the XRP lawsuit, asking for penalties worth $2 billion. XRP’s sluggish performance remains primarily attributed to the regulatory uncertainty between Ripple and the U.S. SEC. Concerning this, this statement by the analyst, coming amid the SEC’s final call, additionally stirred a whirlpool of speculations. 
Also Read: <a href="https://coingape.com/donk-meme-announces-liquidity-provision-on-raydium-as-presale-continues/" target="_blank" rel="noopener">Donk.Meme Announces Liquidity Provision on Raydium as Presale Continues</a> 
The post <a href="https://coingape.com/xrp-1-april-analyst-upholds-forecast-despite-market-corrections/">XRP To $1 In April: Analyst Upholds Forecast Despite Market Corrections</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

XRP To $1 In April: Analyst Upholds Forecast Despite Market Corrections

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