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In the world of cryptocurrency, targets for Ripple continue to be set. However, XRP maintains its movement within a certain price range. As an exciting development, leading crypto market analyst Dark Defender recently declared that XRP would reach $1.88, sparking significant interest in the crypto realm. Let’s examine the analyst’s evaluations.
Dark Defender’s XRP Forecasts
According to analyst Dark Defender, the Fibonacci level closed exactly as expected at $0.5286. According to Dark Defender’s statement, this situation potentially opens the way for XRP’s third wave targets of $1.88 and $5.85.
Meanwhile, the Ripple-backed token is trading in green as of writing this article. This increase has led to additional conclusions that align with the analyst’s stance on the token’s potential bull run to $1.88.
The Ripple-backed token has witnessed significant price fluctuations in the broader crypto market since its inception. It points to a historical peak level of $3.84. The price is currently trading at around $0.52.
This low performance displayed by XRP has led to concerning concerns among global holders, related to the token community’s recent expression of worries about the sluggish market trend.
Call to Action for the Token’s Value Increase
Specifically, a prominent member of the XRP community, Mack, called on leaders in the Ripple ecosystem, including Ripple CEO Brad Garlinghouse and Ripple CTO David Schwartz. The community member, who made a direct call to action, addressed the immediate need for decisive steps to raise XRP’s value in the market.
This situation also aligns with the sentiment that higher prices may be seen in the future. However, the community has not yet officially announced any significant development.
Market Sentiment and Ripple’s Legal Battles
Meanwhile, Ripple’s sigh of relief regarding the SEC lawsuit seems to be aiding market optimism. The community expects more support as Judge Analisa Torres agrees with Ripple to extend the discovery period related to the resolutions.
Concurrently, XRP’s rise in the market reflects these developments, having recently surpassed the $0.52 level. Crypto market enthusiasts are anticipating even stronger prices ahead.
