The post Here’s the Path to Analyst’s $5-$8 Target appeared on BitcoinEthereumNews.com.

XRP token shot up a massive 3.48% in the past day with a 50% surge in volume.  Trump’s April 2 “reciprocal tariffs” could be more targeted than initially feared.  A breakout for XRP above the $2.61 price level could trigger a breakout rally for the altcoin. XRP has jumped 3.48% in the past 24 hours to $2.46, accompanied by a strong 48.84% surge in trading volume, CoinMarketCap data shows.  Driving this rally is a wave of optimism across the crypto market, sparked by easing worries over US President Donald Trump’s planned “reciprocal tariffs” from April 2nd, and the SEC’s move in the Ripple Labs case. Reports suggest the tariffs could be less severe than expected, and the SEC’s decision adds regulatory clarity. Optimism Surrounding Reciprocal Tariffs Bloomberg reported potential exemptions for some countries and that existing tariffs on steel and other metals might not be cumulative. This news has eased investor concerns, improving overall market sentiment. Previously, Trump’s aggressive trade policies often unsettled financial markets, causing downturns in both equities and cryptocurrencies. In February, Bitcoin (BTC) notably dropped 17.6%, falling below $80,000 as traders reacted to economic uncertainty.  Adding to the positive sentiment, the Federal Reserve recently adjusted its inflation forecast upward while downgrading economic growth projections. Separately, the SEC decided to drop its appeal against Ripple Labs, offering relief and regulatory clarity after years of legal battles. XRP Price Targets Crypto analyst Dark Defender has offered a bold prediction for XRP, suggesting the asset could hit $77.7 this market cycle. His forecast uses Exponential Fibonacci levels, a method he believes analysts often overlook. Hi all. Today, I want to share an update on the Monthly structure we previously used, along with the Volume figures. The median has been at $2.3951 since November, so staying above is crucial for XRP.…

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Filed under: News - @ March 24, 2025 9:29 am