- XRP price maintains an upward trend, with one analyst anticipating third wave targets.
- Rumors are circulating about Ripple’s legal disputes, which could impact the price movement of XRP.
- XRP experiences a significant price increase, accompanied by an increase in market value and trading volume.
On February 28, XRP continued its upward trend, supported by Dark Defender’s optimistic forecast. The analyst, well-known in the cryptocurrency community, hinted that Ripple’s native token is inching ever closer to its third wave targets, potentially reaching price levels of $0.6462, $0.7707 and $0 ,9191.
Good morning. #XRP visited our support levels and started to form the third wave reaching the mid-level orange resistance.
The third wave aims at $0.9191.
Expected objectives:
$0.6462 on March 1
$0.7707-$0.9191 around March 10-13.
Goodbye!#ripple pic.twitter.com/t6NTORn5Ar
– Dark Defender (@DefendDark) February 28, 2024
However, against this positive backdrop, the ongoing legal dispute between Ripple and the SEC introduces a level of uncertainty about XRP’s price movement. The SEC’s objection to Judge Torres’ proposed timeline for resolving the case has sparked speculation about the potential consequences for the value of XRP.
Despite these legal challenges, the price of XRP has seen a notable increase, fueling optimism among traders and investors alike. The wait for a resolution to the SEC case has spurred heightened activity in the market, with many anticipating significant developments in the near future.
These recent events have reignited discussions among community members regarding XRP’s price performance relative to its historical trends. Some have noted the token’s modest gains relative to its corrections, leading to debates over its long-term trajectory.
Addressing concerns about XRP’s price volatility, Dark Defender reminded the community of the token’s notable surge in 2017, suggesting that such rapid growth naturally leads to significant corrections over time.
According to the latest update, the price of XRP increased by 5% in the last 24 hours, reaching $0.5800. The token’s market capitalization also increased to $32 billion, accompanied by a notable increase in trading volume.
