- XRP has rallied over 9% in the past 24 hours to crack the $0.64 threshold.
- Per historical data, XRP last saw this threshold in December 2023.
- Multiple market analysts have released bullish forecasts for XRP, targeting $2.
The recent Bitcoin-led crypto market frenzy has benefited XRP, with the asset recording significant double-digit percentage growths after multiple weeks of passive performance.
In particular, XRP has rallied by over 9% in the past 24 hours. The token moved from a low of $0.5874 to crack the $0.64 threshold. On the seven-day scale, its rally now stands at 16.9% gains.
Per historical data, XRP last saw this threshold in December 2023. Following this commendable performance, multiple market analysts have released bullish forecasts, suggesting the asset is on a path to further gains.
In a recent post on X, market watcher Dark Defender disclosed that he had set his sights on the $0.6462 mark, which has now largely materialized. Citing various technical indicators, the analyst noted that the next target to watch for XRP is $1. Per the disclosure, following the regaining of $1, enthusiasts can expect XRP to rally further to $1.88.
Notably, Dark Defender’s commentary builds upon an earlier post where he stressed the significance of XRP reaching $0.6649. He emphasized that the road to $2 is set upon attaining the threshold. At the time, XRP was far behind at around $0.55. Now, the asset is gradually moving to fulfill the target, as it has hit a high of $0.6401 at press time.
Besides, Dark Defender is not the only analyst that has set their sight on a $2 XRP amid the altcoin market frenzy. Prominent analyst EGRAG has claimed XRP is set for a 237% surge to break the “Gateway to Valhalla” with a target price of $2.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
