According to CryptoPotato, the cryptocurrency market started the week on a positive note, with most top cryptocurrencies, including XRP, trading in the green. XRP was trading at $0.61 at the time of reporting. A renowned crypto analyst, Dark Defender, who frequently provides insights into the price action of altcoins, has predicted a substantial price increase for XRP. He expects the cryptocurrency to break out of its current price range and make significant gains in April, potentially surpassing the $1 target.
Despite XRP showing clear signs of consolidation, Dark Defender dismissed the idea that XRP is confined to a narrow price range around $0.60. He stated that April is a crucial month for the asset, during which a breakout is imminent. He expressed optimism that the resistance will be eliminated in April, paving the way for a move towards $1, and subsequently $1.88 and $5.85.
While there is a prevalent fear among traders that XRP will retest and ultimately trade sideways, Dark Defender remains confident that it will soon break to $1.88 and $5.85. He also shared an analysis based on three monthly timeframes of the XRP/BTC pair, stating that each candle or price bar is formed in three months, and April marks the start of a new bar.
Other industry participants observing XRP’s performance share similar thoughts and believe it will witness an explosive upward move. Some have concluded that XRP needs to break above the $0.75 level to eventually jump to the range of $1 - $1.30.
