XRP Surges After Bitcoin's Recent Growth, Analysts Predict Further Upswing
Date: 2024-03-03 Author: Dima Zakharov Categories: BUSINESS
XRP, the digital asset, has seen a remarkable surge of over 9% in the past 24 hours, climbing from $0.5874 to surpass the $0.64 mark. This surge marks a 16.9% increase over the past week, with XRP reaching levels last seen in December 2023. Market analysts have responded with bullish forecasts, anticipating further growth for the cryptocurrency.
According to market observer Dark Defender, XRP is now targeting the $0.6462 level, which has already been surpassed. Referring to various technical indicators, the analyst suggests that the next target for XRP is $1. After reaching $1, holders of the token could expect further growth towards $1.88.
Previously, Dark Defender emphasized the importance of XRP reaching the $0.6649 level, which would pave the way for a $2 valuation. Initially valued at $0.55, XRP has steadily approached this target, reaching $0.6401 on March 2nd.
Renowned analyst EGRAG has stated that XRP is poised for a 237% increase to surpass the "Gates of Valhalla" with a target price of $2. This surge comes on the heels of Bitcoin's recent gains, indicating a broader positive trend in the cryptocurrency market.
