According to CryptoPotato, Ripple (XRP) has encountered notable price fluctuations since the beginning of the year, sparking uncertainty among its holders and the XRP community. The cryptocurrency has witnessed an 8% drop weekly and a 12% drop monthly, currently hovering below $0.60, a pivotal level characterized by a period of sideways consolidation.

Despite recent declines, prominent analyst Dark Defender maintains an optimistic outlook on XRP's trajectory, suggesting the potential for surpassing $1. He bases this bullish projection on key technical indicators such as the Relative Strength Index (RSI) and Elliot Waves, alongside historical data. Dark Defender segments various price levels into distinct waves, forecasting targets like $0.97 and $1.5. He further subdivides these targets, detailing Wave 3 at $0.9772 & $1.5048 and Wave 5 at $2.3172. Nonetheless, these forecasts maintain $1.88 and $5.85 targets intact while offering insights into different wave structures.

Another analyst, EGRAG CRYPTO, delineates two possible scenarios for XRP in the upcoming months: a surge beyond $0.75 or a downturn below $0.44. However, Dark Defender does not envision a scenario where XRP falls below $0.50.

Two significant forthcoming events with potential impacts on XRP's price and trajectory are the Bitcoin halving slated for the end of April and the resolution of the Ripple vs. SEC case. A negative outcome for Ripple in the case could prompt a reassessment of the entire crypto industry, potentially leading to the introduction of more stringent regulations.#BullorBear #BinanceLaunchpool #Memecoins #BinanceLaunchpool #BullorBear