XRP To Skyrockets To $1.33 Amidst April Rally: Analysts
XRP has demonstrated significant strength for a while now, securing its spot as one of the best-performing cryptocurrency assets by market cap, after surging to its highest level since November.
XRP To Yield Gains From April Rally The crypto community is buzzing about XRP’s latest price spike as several analysts predict the surge will be the start of the eagerly anticipated rally.
With a 50% rise from $0.50 on Monday, March 11, to a weekly high of $0.75, it got off to a great start this week.
Related Reading: XRP On The Brink – Bullish Pattern Or Profit-Taking Retreat? Cryptocurrency analyst and trader Dark Defender has shared his latest optimistic forecast for XRP with the community on X (formerly Twitter).
Dark Defender highlighted that the crypto asset “broke out” from a strong resistance on Tuesday, just as he expected.
XRP broke out from a 6-year-long symmetrical triangle, which denotes a phase of consolidation with prices bouncing between the lower support line and the upper resistance.
According to the analyst, the monthly time frame clearly shows that the much-anticipated move has begun.
Also, the daily time frame “confirms that the massive resistance level of $0.6649 has been broken.” He further added that for the “weekly and monthly time frame, $0.6649 will possibly be confirmed.” As a result, Dark Defender underscored that his targets are now “closer to the mid-resistance around the $1.33” price mark.
Meanwhile, he has placed his “Fibonacci price targets at $1.88 and $5.85 in the upcoming weeks.”…