Cryptocurrency analyst Dark Defender forecasts a promising path for XRP, hinting at a potential rise to $0.91 by March 10-13. The main driver behind this expectation lies in recent developments regarding the SEC, which is seeking to extend the relief deadline to March 13, as submitted to Judge Analisa Torres of the Southern District of New York.
Here are all the details you should know!
A turning point for XRP
in Final analysisDefender noted that XRP has recently revisited crucial support levels, marking a potential turning point in price action.
It is worth noting that the cryptocurrency has begun to form its third wave, reaching the intermediate orange resistance level at $0.61.
Examining the chart, Dark Defender expects XRP to reach $0.6462 by March 1st – an important checkpoint that indicates potential bullish momentum. A bigger rally is expected between March 10 and 13, when the price of XRP will likely range between $0.7707 and $0.9191.
Read Also: Deadline's Key Takes on the Ripple-Zakinov Lawsuit: What XRP Investors Should Know
March 1 target: $0.6462
Dark Defender suggests that by March 1, 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 upward momentum.
Targets from March 10 to 13: $0.9191
A bigger rally is expected between March 10 and 13, when XRP could see a price range between $0.7707 and $0.9191.
Meanwhile, March 13 is a very crucial date for Ripple, as the SEC has asked Judge Analisa Torres of the Southern District of New York to advance the one-week deadline for filing a briefing related to the remedies in the ongoing lawsuit against Ripple Labs, Inc. . .
Did you know? Ripple's XRP is set to become the global reserve currency, says the CEO of the investment firm
XRP prices rise
As of now, the price of XRP has seen a significant increase, rising by 5% in the past 24 hours and currently stands at $0.586. The rise is not limited to the token's price alone, as its market value also saw a notable rise of 4.88%.
Recently, data derived from Coinglass has fueled optimism, by highlighting an uptrend parallel to the rise in XRP. Open interest rose by 7.76%, and there was a huge 69.65% spike in volume.
