Analyst Eyes XRP To Hit $0.68 If This Happens

On Feb 14, 2024

Crypto analyst Dark Defender sees feasibility for a Ripple XRP price spike toward $0.68 if key resistance levels get conquered. Evaluating the Ripple chart on higher timeframes, he notes bulls must reclaim $0.60 decisively to unlock additional upside. Three consecutive 4-hour closes above $0.528 represent the first step.

According to Dark Defender, establishing support at $0.60 proves pivotal for extending XRP’s recovery. His analysis charts an upside resistance at $0.624 presently.

Also read: Bitcoin Enters “High-Risk” Zone Hinting at Early Bull Market: Glassnode

Hi all. #XRP had 3 consecutive candles close above $0.5286 in a 4-hour Time Frame.
Daily candle will close within hours, and it is also important to target $0.60 in days.
The Orange resistance & $0.6649 is still the Key.
Cheers! pic.twitter.com/gSP1FqzXJp
— Dark Defender (@DefendDark) February 11, 2024

For context, the token currently trades around $0.531 following a 1.84% daily surge. Its market cap stands at $28.9 billion, though trading volumes jumped 34% to $1 billion.

XRP needs a 20–25% push to reach the level

Based on the levels highlighted, Ripple XRP requires at least a 20–25% gain just to challenge its immediate resistance zone, beginning at around $0.62. However, suppressing that area could set the stage for an extension toward the $0.665 level, where Dark Defender expects a trend shift to unfold.

Moving past the latter barrier would likely propel a run at his $0.68 target, marking a 30% overall climb from the current XRP valuation. However, XRP needs to flip overhead resistance before surging higher.

Also read: Ethereum Shows Steady Growth; ETH Could Hit $3000 With This Breakout

So while technical and on-chain signals appear mixed, analysts like Dark Defender still see noteworthy near-term upside if XRP bulls awaken and volumes return. The coming days should determine whether the token’s consolidation yields a bullish or bearish resolution this month. The stakes ride high on breaking past $0.60 one way or another.