Dark Defender, a prominent market watcher in the XRP community, has updated his timeline for when he expects XRP to surpass the $1 mark and potentially exceed it to $2.3.
The analyst shared the update via X, spotlighting the accuracy of his recent price projection for XRP.
Hi there, here is your 1 Day Time Frame Update. #XRP was $0.58 on 28 Feb.
We expected XRP to hit:
1. $0.6462 on 1-Mar ✅
2. $0.77-$0.92 on 13-Mar ✅($0.75)
3. $1 in April, in progressBased on the new high of $0.75, the targets are updated as follows:
Fibonacci Levels:… pic.twitter.com/35ks68rLFq
— Dark Defender (@DefendDark) March 20, 2024
Past Forecasts Hitting The Mark
In particular, Dark Defender highlighted that when XRP was around $0.58 on February 28, he had set a target of $0.6462 by March 1. Interestingly, this prediction materialized as XRP surged to a high of $0.6495 on March 2.
Furthermore, in the forecast, the analyst had suggested that XRP would reach between $0.7707 and $0.9191 by March 10 to 13. Remarkably, this prediction also largely came true as XRP unexpectedly surged by over 20% on March 11, reaching a daily peak of $0.7421.
With the remarkable accuracy of his previous price forecasts, Dark Defender’s confidence in his outlooks for XRP has strengthened. Accordingly, he reiterated his $1 target for XRP in April.
Timeline for $0.97, $1.5 and $2.3
Moreover, considering the rapid uptick XRP experienced on March 11, the analyst has adjusted his other short-term targets. Specifically, he suggests the possibility of XRP trading between $0.9771 and $1.5 soon. Additionally, the analyst anticipates XRP even reaching $2.3172, a price point not seen in six years, in the short term.
Notably, his forecast is based on the premise that XRP revisited a pivotal support zone and initiated a bullish wave foundation from that point onward.
Dark Defender contends that XRP will sustain this level and advance towards the projected targets, which he anticipates will materialize in April.
Essentially, with XRP hovering around $0.62 at press time, Dark Defender believes a potential 250% surge for XRP to the $2 range is within reach, specifically next month. In his view, XRP is now “standing on the springboard.”
$17 This Month
Meanwhile, Dark Defender is not alone in seeing XRP explode in the coming weeks. Other analysts, like EGRAG, are even more bullish, projecting an aggressive pump to $17 this month.
Significantly, XPR has recovered from the Bitcoin-included dip that sunk its price to $0.5717 in the last few days. The asset has registered a 4% gain in the last 24 hours to trade at $0.62.