XRP Rises 3.48% Amid Optimistic Market, Analyst Predicts Price Target of $77.7

In the past 24 hours, XRP has seen a significant increase of 3.48%, reaching $2.46, accompanied by a substantial rise of 48.84% in trading volume, according to CoinMarketCap. This bullish increase reflects a broader wave of optimism in the crypto market, driven by easing concerns over the upcoming reciprocal tariffs from U.S. President Donald Trump and the recent decision by the SEC related to Ripple Labs. Factors driving the bullish trend of XRP Reduce concerns about reciprocal tariffs A key catalyst behind the recent bullish trend of XRP is the growing optimism surrounding US trade policies. Bloomberg reports indicate that the reciprocal tariffs proposed by Trump, effective April 2, may not be as severe as initially feared. There are signs that exemptions for certain countries may be granted and previously imposed tariffs on steel and other metals may not accumulate. Traditionally, Trump's aggressive trade policies have caused chaos across the financial markets, impacting both stocks and crypto. For example, in February, Bitcoin (BTC) fell sharply by 17.6%, dropping below $80,000 briefly due to economic instability. However, the latest trade developments have restored investor confidence, leading to new bullish momentum in the crypto space. The SEC's decision in the Ripple Labs case The United States Securities and Exchange Commission (SEC) has decided to dismiss the appeal against Ripple Labs to further boost bullish sentiment. This development brings much-anticipated regulatory clarity for XRP, alleviating the legal uncertainties that have persisted for years. Market participants view this as a significant victory for Ripple and the crypto market as a whole, reinforcing the legitimacy and long-term growth potential of XRP. Predicting the future price of XRP Bold prediction from analyst Dark Defender The crypto market analyst Dark Defender has made an ambitious prediction about the price trajectory of XRP, suggesting that the price could reach $77.7 in this market cycle. His forecast is based on Fibonacci levels according to exponential functions and Elliott wave theory, classifying market movements into structured waves.

According to his analysis: Wave 3: Expected to be the most explosive phase, pushing XRP into the range of 5 to 8 dollars. Wave 4: A short correction phase before the final bullish surge. Wave 5: The final bullish wave, potentially bringing XRP to a new all-time high in the range of 18 to 23 dollars, with an extended target of 77.7 dollars. If XRP follows this pattern, it could significantly outperform previous price peaks and become one of the most profitable assets in the ongoing market cycle. Technical indicators show the next bullish trend. Relative Strength Index (RSI) Currently, XRP's RSI hovers around 52, putting it in neutral to bullish territory. A move above 60 will signal strong bullish momentum and may confirm the expected breakout of Wave 3.

Bollinger Bands & Price Consolidation The price of XRP is currently near the middle Bollinger Band, indicating a period of consolidation. However, a breakout above the upper Bollinger Band, around $2.61, could validate Dark Defender's wave forecast and set the stage for a significant bullish move. Conclusion The recent bullish trend of XRP is supported by improving macroeconomic conditions, easing concerns about tariffs, and positive regulatory developments. With analysts predicting a potential multi-wave bullish phase, investors are closely monitoring key technical confirmations. If XRP successfully breaks through major resistance levels, the path towards $5, $18, or even $77.7 could become a reality, making it one of the most interesting assets in the current market cycle.