{"id":257259,"date":"2024-03-01T17:50:42","date_gmt":"2024-03-01T12:20:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=257259"},"modified":"2024-03-01T17:50:42","modified_gmt":"2024-03-01T12:20:42","slug":"top-analyst-predicts-xrp-bull-run-to-1-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/top-analyst-predicts-xrp-bull-run-to-1-crypto-news\/","title":{"rendered":"Top Analyst Predicts XRP Bull Run to $1 – Crypto News"},"content":{"rendered":"

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In a thrilling turn of events, a top crypto market analyst going by the name Dark Defender, recently proclaimed XRP, a Ripple-backed cryptocurrency, to be potentially gaining a bullish momentum ahead and reaching $1, propelling immense optimism across the crypto space. Following a nearly 20% rally witnessed by XRP over the last month, February, the analyst\u2019s comments appear to have garnered noteworthy attention among crypto<\/a> market enthusiasts.<\/p>\n

Meanwhile, the token traded in red as of press time, fueling speculations surrounding the analyst\u2019s remarks. Derivatives data parallelly stirred a whirlpool of bearishness for the token as of writing.<\/p>\n

<\/p>\n

Dark Defender\u2019s Post Contrasts XRP\u2019s Market Dynamics<\/h2>\n

According to the post shared by the analyst XRP on X, the target to be scaled today was $0.6462. However, the Ripple-backed token hit only $0.6256, coming as insufficient. This statement fell in line with XRP\u2019s bearish movement today. However, the analyst shared further vital insights into XRP\u2019s market dynamics.<\/p>\n

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Today is 1 Mar, & #XRP<\/a> closed the monthly by breaking the Orange.<\/p>\n

We target $0.6462 today & hit $0.6258, but this is insufficient. <\/p>\n

<\/p>\n

MACD is Bullish to continue towards Ichimoku Clouds, targeting $1 first & then $1.88 as the Fibonacci level$XRP<\/a> will bend The Spoon above $1.88. pic.twitter.com\/KKuNRea3Sg<\/a><\/p>\n

\u2014 Dark Defender (@DefendDark) March 1, 2024<\/a><\/p>\n<\/blockquote>\n

The analyst proclaimed the MACD to be bullish, continuing its movement toward Ichimoku clouds. This paves the path for the initial target of $1, followed by the target of $1.88 as the Fibonacci level, per the analyst\u2019s statement.<\/p>\n

<\/p>\n

This birthed a tidal wave of speculations among crypto market fanatics across the globe as even though the analyst spotlighted XRP\u2019s mediocre performance, the\u00a0 claiming of a potential bull run for the token ahead nabbed global attention, as $1 comes as a crucial price point for XRP.<\/p>\n

Also Read: Axelar (AXL) Price Soars 30% Amid Binance Listing Announcement<\/a><\/strong><\/p>\n

XRP Price Slips<\/h2>\n

As of writing, the XRP price<\/a> noted a drop of 1.16% over the past 24 hours and is currently trading at $0.5926. However, aligning with the past month\u2019s remarkable performance, with weekly and monthly charts showcasing a 10.57% surge and a 19.88% surge, respectively, the analyst\u2019s remarks sparked curiosity.<\/p>\n

<\/p>\n

However, Coinglass<\/a>\u2018 data showcased a downtrend for the token, as its price dropped along with a plunge in volume and open interest. The open interest declined 6.57%, reaching $790.12 million, whereas volume slipped 24.85%, reaching $3.22 billion. This birthed mixed inferences for the Ripple-backed token\u2019s run ahead.<\/p>\n

Also Read: Binance And Major Exchanges Skip Hong Kong Deadline<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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In a thrilling turn of events, a top crypto market analyst going by the name Dark Defender, recently proclaimed XRP, a Ripple-backed cryptocurrency, to be potentially gaining a bullish momentum ahead and reaching $1, propelling immense optimism across the crypto space. Following a nearly 20% rally witnessed by XRP over the last month, February, the […]<\/p>\n","protected":false},"author":2,"featured_media":253130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-257259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/257259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=257259"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/257259\/revisions"}],"predecessor-version":[{"id":257265,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/257259\/revisions\/257265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/253130"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=257259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=257259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=257259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}