XRP Price Is Poised to Hit $5.8, Says Top Crypto Experts

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Ripple News XRP Soars with 244% Fund Inflow Surge Amid ETF Speculation

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XRP, the cryptocurrency associated with Ripple, is expected to experience a significant surge against Bitcoin following the halving event. Despite the ongoing legal battle between Ripple and the SEC, analysts remain optimistic, suggesting XRP price to surge by 100 to 58431%.

XRP Eyes For $5.85

Dark Defender, a prominent crypto analyst, took to X platform to share insights into XRP’s recent performance.

Hi all. #XRP had the break-out yesterday, as we expected.

In the Monthly Time Frame, it is obvious the move has #started.

The huge Resistance of $0.6649 is broken in the Daily, & #confirmed

$0.6649 will be Confirmed for the Weekly & Monthly Frames.

Our targets are closer… pic.twitter.com/pgSJmfT0s6

— Dark Defender (@DefendDark) March 12, 2024

According to Dark Defender’s analysis, XRP’s Monthly Time Frame indicates that XRP’s move has officially begun. The cryptocurrency has successfully breached the significant resistance level of $0.6649 in the Daily Time Frame.

Looking ahead, the analyst outlines targets for XRP’s price in the coming weeks. The analyst predicts XRP to approach the $1.33 mid-resistance level, with further Fibonacci targets of $1.88 and $5.85 on the horizon.

Experts Bullish Take

Renowned analyst CrediBULL Crypto has also pointed out promising technical indicators for the XRP/BTC pair, suggesting the possibility of substantial gains for investors. According to CrediBULL, XRP is currently in an “accumulation phase” within a larger demand area, indicating an imminent upward movement.

Topped up the $XRP position here for the 4th time- USD and BTC pairings are in sync. Within our larger, HTF zone of demand we now have a lower TF accumulation base formed, a confirmed D3 bull div, and if we close here in about 8 hours we will have a double D3 bull div.

At the… https://t.co/lgJeQfLXvG pic.twitter.com/YV7aelYtwT

— CrediBULL Crypto (@CredibleCrypto) March 18, 2024

CrediBULL Crypto’s analysis hints at a potential 100% surge in XRP’s price against BTC post-halving. The analyst predicts a short-term growth of 15-20%, with the possibility of a further jump if XRP manages to surpass key resistance levels.

Backing his analysis, CrediBULL Crypto revealed that he has increased his position in XRP, citing the “RSI Divergence” indicator as support for his decision.

XRP’s 6-Year Pattern

Drawing parallels to a Symmetrical Triangle pattern observed between 2013 and 2017, the market analyst Steve Courtney suggests the possibility of history repeating itself. Meanwhile, in that period XRP saw a significant surge, resulting in a 58431% increase.

If that follows, we can see XRP surging from the current price of $0.620 to $352.94. As the time will tell whether XRP will see such amount of surge or follow the current pace.

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