Ripple Update: Anticipating XRP Price to Reach $1

Cryptocurrency expert Dark Defender has expressed optimism about the future of XRP, stating that the price could potentially rise to $0.91. Despite the challenges faced by XRP and other digital currencies in the market, Dark Defender remains positive about its growth potential.

Dark Defender has consistently shown confidence in the potential for XRP’s growth. In a tweet on February 17, Dark Defender pointed out that XRP was approaching a crucial resistance level on the daily chart, indicating the importance of considering short-term support levels. Dark Defender further analyzed XRP’s second wave as a corrective phase, identifying a potential bottom in the range of $0.5198 to $0.5066.

Looking ahead, Dark Defender emphasized the significance of XRP breaking through the daily Ichimoku Clouds, a technical indicator used to assess support and resistance. A successful breakthrough is seen as a positive signal, with price targets set at $0.6649, $0.7707, and $0.9191. Dark Defender also suggested a potential peak of $1.88 in the third phase of their price targets.

These positive projections from Dark Defender continue to attract the attention of XRP enthusiasts, providing a hopeful perspective amidst the challenges faced by the market.

Currently, XRP has experienced a 2.77% drop in the last 24 hours and is trading at $0.5400. This decline follows a brief increase above $0.5, driven by positive expectations about a possible XRP ETF, as mentioned by Brad Garlinghouse. The recent market fluctuations have led to substantial sell-offs, resulting in a loss of $300 million in positions in a single day. This has not only affected the broader altcoin market but also influenced the overall valuation of XRP.