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- XRP has rallied over 9% in the past 24 hours to crack the $0.64 threshold.
- Per historical data, XRP last saw this threshold in December 2023.
- Multiple market analysts have released bullish forecasts for XRP, targeting $2.
The recent Bitcoin-led crypto market frenzy has benefited XRP, with the asset recording significant double-digit percentage growths after multiple weeks of passive performance.
In particular, XRP has rallied by over 9% in the past 24 hours. The token moved from a low of $0.5874 to crack the $0.64 threshold. On the seven-day scale, its rally now stands at 16.9% gains.
Per historical data, XRP last saw this threshold in December 2023. Following this commendable performance, multiple market analysts have released bullish forecasts, suggesting the asset is on a path to further gains.
In a recent post on X, market watcher Dark Defender disclosed that he had set his sights on the $0.6462 mark, which has now largely materialized. Citing various technical indicators, the analyst noted that the next target to watch for XRP is $1. Per the disclosure, following the regaining of $1, enthusiasts can expect XRP to rally further to $1.88.
Today is 1 Mar, & #XRP closed the monthly by breaking the Orange.We target $0.6462 today & hit $0.6258, but this is insufficient. MACD is Bullish to continue towards Ichimoku Clouds, targeting $1 first & then $1.88 as the Fibonacci level$XRP will bend The Spoon above $1.88. pic.twitter.com/KKuNRea3Sg— Dark Defender (@DefendDark) March 1, 2024
Notably, Dark Defender’s commentary builds upon an earlier post where he stressed the significance of XRP reaching $0.6649. He emphasized that the road to $2 is set upon attaining the threshold. At the time, XRP was far behind at around $0.55. Now, the asset is gradually moving to fulfill the target, as it has hit a high of $0.6401 at press time.Besides, Dark Defender is not the only analyst that has set their sight on a $2 XRP amid the altcoin market frenzy. Prominent analyst EGRAG has claimed XRP is set for a 237% surge to break the “Gateway to Valhalla” with a target price of $2.
The post XRP Poised for Further Gains as Alt Season Heats up: Could $2 be Next? appeared first on Coin Edition.