Cryptocurrency analyst Dark Defender foresees a promising trajectory for XRP, hinting at a potential surge to $0.91 by March 10-13. The key driver behind this prediction lies in recent developments related to the SEC, seeking a Remedies Deadline Extension until March 13, as submitted to Judge Analisa Torres of the Southern District of New York.
Here are all the details you ought to know!
Turning Point for XRP
In a recent analysis, Defender noted that XRP has recently revisited crucial support levels, marking a potential turning point in its price action.
Notably, the cryptocurrency has embarked on forming its 3rd Wave, hitting the mid-level Orange Resistance at $0.61.
Examining the chart, Dark Defender predicts XRP reaching $0.6462 by March 1st—a crucial checkpoint indicating potential bullish momentum. A more significant surge is anticipated between March 10th and 13th, with XRP potentially ranging between $0.7707 and $0.9191.
Also Read: Key Deadline Approaches in Ripple-Zakinov Lawsuit: What XRP Investors Should Know
March 1st Target: $0.6462
Dark Defender suggests that by March 1st, XRP is expected to reach a price point of $0.6462. This level serves as a crucial checkpoint in the cryptocurrency’s journey towards potential bullish momentum.
March 10th-13th Targets: $0.9191
A more significant surge is predicted between March 10th and 13th, where XRP could witness a price range between $0.7707 and $0.9191.
Meanwhile, 13 March is much crucial date for the ripple as, the SEC has asked Judge Analisa Torres of the Southern District of New York to move the deadline ahead by one week for its remedies-related briefing in its ongoing lawsuit against Ripple Labs, Inc.
Did You Know? Ripple’s XRP Set to Become World’s Reserve Currency, Claims Investment Firm CEO
XRP Price Surge
As of now, the price of XRP has witnessed a notable increase, rising by 5% in the past 24 hours and currently standing at $0.586. The surge is not limited to the token’s price alone, as its market cap also saw a remarkable uptick of 4.88%.
Recently Coinglass’s derivative data fueled the optimism, by highlighting a parallel uptrend with XRP’s surge. The open interest increased by 7.76%, and there was a significant upswing of 69.65% in the volume.
