According to CryptoPotato, technical analyst CrediBULL Crypto predicts a bright future for XRP, despite the token lagging behind other leading cryptocurrencies. CrediBULL asserts that XRP is set to enter a bullish phase that could outshine other cryptocurrencies, citing bullish divergences on the three-day chart for both trading pairs as an indication of a potential price surge. The analyst's optimism extends to his price targets, predicting a potential surge of roughly 250% for the XRP/BTC pair, projecting a move toward 0.0000356 BTC ($2.55).
Pseudonymous analyst Dark Defender adds weight to this bullish sentiment, stating that XRP has broken a significant resistance level this week and could ultimately lead the token to new all-time highs above $1. Dark Defender notes that 'April will be hot,' likely referring to Bitcoin's upcoming halving. Other technical analysts also believe XRP could explode above $1 before or after the halving, a crucial event for the crypto industry and the Bitcoin community. XRP's performance has lagged compared to other leading altcoins riding the bullish wave, with its price heavily influenced by Ripple's ongoing case against the SEC. The trial is scheduled for April 23, and while Ripple has won three consecutive victories in court, the crypto community eagerly awaits the outcome, which could reshape the industry in terms of crypto regulations. At press time, XRP is trading at $0.68, down 5% from its previous high of $0.72.
