In an exciting turn of events, a prominent crypto market analyst, Dark Defender, recently proclaimed XRP to hit $1.88, nabbing significant attention across the global crypto realm. Following up on his statement on XRP hitting $1.88, the analyst remained bullish on the token’s run in the near future, per a post shared today, February 10.

Notably, according to Dark Defender, the Fibonacci level closed precisely as expected, at $0.5286. This potentially paves the way for XRP’s wave three targets, $1.88 & $5.85, as per Defender’s statement.

Meanwhile, the Ripple-backed token traded primarily in the green as of press time, birthing additional inferences in alignment with the analyst’s stance on the token’s bull run to $1.88 ahead.

XRP’s Torpid Market Run To Improve?

The Ripple-backed token witnessed substantial price fluxes within the broader crypto market ever since its inception. It dropped from an ATH of $3.84 to the $0.52 mark as of writing. This underperformance showcased by XRP has sparked alarming concerns among its holders globally, pertaining to which the token’s community recently voiced concerns over its lethargic run in the market.

Notably, Mack, a renowned XRP community member, called out prominencies within the Ripple ecosystem, including Ripple CEO Brad Garlinghouse and Ripple CTO David Schwartz. In his direct call to action, the community member addressed the imminent need for decisive steps to jack up XRP’s tokenomics within the market.

This further aligns with the sentiment of seeing bolstered prices ahead. However, the community has not officially announced any significant developments yet.

In the interim, Ripple’s sigh of relief regarding the SEC lawsuit also appears to be aiding in optimism within the market. The community expects further support as Judge Analisa Torres agrees with Ripple on the remedies-related discovery deadline extension.

Simultaneously, XRP’s run in the market mirrored these developments, surpassing the $0.52 mark recently. Crypto market enthusiasts expect to see reinforced prices ahead.

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XRP Price Analysis

The XRP price chart portrayed a marginal drop of 0.40% and is currently trading at $0.5205 as of writing. The token’s price traded primarily in the green today, recording a dip recently. Meanwhile, its weekly chart showcased an upswing of 0.35%.

In defiance of market uncertainties, the token has managed to maintain its price above the crucial $0.5 support level. This further showcases XRP’s resistance to a bearish movement, aligning with the analyst’s prediction. In addition, this appears to have fueled speculations over the potential onset of a price recovery trend shortly ahead.

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The post XRP Price: Analyst Remains Bullish On XRP’s Run To $1.88 appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am