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 <p class="paragraph">Although many assets in the cryptocurrency sector are starting to slow down their recent bullish rally, including XRP, which has even entered the red zone during the day, signs are suggesting that the asset could be in for a significant recovery that could take it to the $0.77 price.</p>
 <p class="paragraph">Specifically, the XRP token recently witnessed a breakout above the $0.6649 resistance on its daily chart, with its monthly time frame suggesting an obvious move upwards, meaning that “April will be hot,” according to the observations shared by pseudonymous crypto analyst <em>Dark Defender</em>.</p>
 <figure class="wp-block-image"><img decoding="async" width="900" height="506" src="https://cdn.thebittimes.com/images/2024/03/13/9d0ce7b90494007963d2ed4690f3d8f2.webp" alt="XRP price action analysis." class="wp-image-160942" srcset="https://cdn.thebittimes.com/images/2024/03/13/9d0ce7b90494007963d2ed4690f3d8f2.webp 900w, https://cdn.thebittimes.com/images/2024/03/13/9d0ce7b90494007963d2ed4690f3d8f2.webp 300w, https://cdn.thebittimes.com/images/2024/03/13/9d0ce7b90494007963d2ed4690f3d8f2.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>XRP price action analysis. Source: </em><em>Dark Defender</em>
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 </figure>
 <p class="paragraph">As per the expert’s calculations, XRP is looking at targets closer to $1.33 mid-resistance, with $1.88 and $5.85 Fibonacci targets in the coming weeks, but not before surpassing $0.7707, the next target that <em>Dark Defender </em>shared more recently in an X post published on March 13.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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    <p lang="en" dir="ltr">Ready for $0.7707</p>— Dark Defender (@DefendDark) March 13, 2024
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 </figure>
 <h2 class="wp-block-heading" id="h-why-is-xrp-dropping">Why is XRP dropping?</h2>
 <p class="paragraph">Currently, however, XRP is experiencing a 2.84% drop on its daily chart, which coincides with a significant reduction in funds entering the derivative market, suggesting investors might be closing their positions, according to the data uncovered by analytics platform <em>CoinGlass</em>.</p>
 <figure class="wp-block-image"><img decoding="async" width="932" height="422" src="https://cdn.thebittimes.com/images/2024/03/13/2caa6a49fdef76899cdae245843800b1.webp" alt="XRP derivatives analysis." class="wp-image-160943" srcset="https://cdn.thebittimes.com/images/2024/03/13/2caa6a49fdef76899cdae245843800b1.webp 932w, https://cdn.thebittimes.com/images/2024/03/13/2caa6a49fdef76899cdae245843800b1.webp 300w, https://cdn.thebittimes.com/images/2024/03/13/2caa6a49fdef76899cdae245843800b1.webp 768w" sizes="(max-width: 932px) 100vw, 932px">
  <figcaption class="wp-element-caption"><em>XRP derivatives analysis. Source: </em><em>CoinGlass</em>
  </figcaption>
 </figure>
 <p class="paragraph">That said, XRP’s current price at $0.6806 also represents an increase of 13.72% across the previous seven days, a 30.90% gain on its monthly chart, as well as a&nbsp;10.70% advance since the year’s turn, according to the most recent information retrieved by Finbold on March 13.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="457" src="https://cdn.thebittimes.com/images/2024/03/13/7da64aca29994a76c7393fb8f00c1a28.webp" alt="XRP year-to-date (YTD) price chart. " class="wp-image-160944" srcset="https://cdn.thebittimes.com/images/2024/03/13/7da64aca29994a76c7393fb8f00c1a28.webp 1600w, https://cdn.thebittimes.com/images/2024/03/13/7da64aca29994a76c7393fb8f00c1a28.webp 300w, https://cdn.thebittimes.com/images/2024/03/13/7da64aca29994a76c7393fb8f00c1a28.webp 1024w, https://cdn.thebittimes.com/images/2024/03/13/7da64aca29994a76c7393fb8f00c1a28.webp 768w, https://cdn.thebittimes.com/images/2024/03/13/7da64aca29994a76c7393fb8f00c1a28.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><em>XRP year-to-date (YTD) price chart. Source: TradingView</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-xrp-price-prediction-after-lawsuit">XRP price prediction after lawsuit</h2>
 <p class="paragraph">Meanwhile, the crypto community is eagerly awaiting the final conclusion of the legal battle between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple over selling XRP, which the regulatory agency considers a security.</p>
 <p class="paragraph">Although Judge Analisa Torres ruled in July last year that retail sales of XRP did not constitute securities sales, the judgment regarding its institutional trades is still pending, particularly regarding the amount of damages that Ripple will have to pay, and XRP price could react in line with the outcome, although specific figures are difficult to predict.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brace-for-hot-april-and-xrp-at-0-77-here-s-why-tbt82461.html">https://thebittimes.com/brace-for-hot-april-and-xrp-at-0-77-here-s-why-tbt82461.html</a></p>

Brace for ‘hot April’ and XRP at $0.77; Here’s why

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