Ripple Price Prediction: XRP Still Possibly Reaches 1U in April.
Since the beginning of the year, the price of Ripple (XRP) has been on a rollercoaster ride, leaving its holders and the XRP community with questions about its future.
XRP has fallen by 8% and 12% on a weekly and monthly basis, respectively. At press time, the coin is currently trading below $0.60, a key level that marks a sideways consolidation phase.
Optimistic Wave Price Prediction
Despite the recent price drop, popular analyst Dark Defender remains bullish on XRP and believes that levels above $1 remain a possible target for the primary asset. However, as the last Fibonacci point suggests, the coin could retest levels below $0.54.
Dark Defender said that his bullish analysis is based on key technical indicators such as RSI and Elliot Waves, as well as historical data. He then divided several price levels into different waves, predicting prices of $0.97 and $1.5.
When we break them down into smaller parts, the targets are shown as $0.9772, $1.5048 for wave 3, and $2.3172 for wave 5. None of the above changes the targets of $1.88 or $5.85, but it does give an idea of the different wave structures.
Echoing similar sentiments, popular analyst EGRAG CRYPTO outlined two possible scenarios for XRP in the coming months: either a surge above $0.75 or a drop below $0.44. However, Dark Defender does not see a scenario where the asset goes below $0.50.
Two important events that could impact the price of XRP and its future are the Bitcoin halving scheduled for the end of April, and the outcome of the Ripple v. SEC case, in which, if it fails, it could redefine the entire cryptocurrency industry with upcoming strict regulations. $BTC $XRP
