Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ripple (XRP) Bull Run to Return? This Level Needs to Fall First According to Analysts

Ripple (XRP) Bull Run to Return? This Level Needs to Fall First According to Analysts

CryptopotatoCryptopotato2024/04/08 17:16
By:Dimitar DzhondzhorovMore posts by this author

“Breaking above $0.75 signals bullish momentum,” EGRAG CRYPTO suggested.

TL;DR

  • Ripple’s XRP experienced a modest 2% daily increase, currently valued at nearly $0.61.
  • Analysts believe the asset could surge if it surpasses the $0.75 resistance, with its price also affected by the upcoming Ripple vs. SEC trial.

The cryptocurrency market launched another substantial rally today (April 8), with Bitcoin (BTC) briefly surpassing the $72,500 mark.

Ripple’s XRP has also caught the green wave, albeit charting less impressive gains than its rivals. Currently, the asset is worth almost $0.61, representing a 2% increase on a daily scale.

Some of the bullish analysts who observe XRP’s movements quite frequently, though, predict this is the starting point for a significant future upswing. The X user EGRAG CRYPTO claimed  the asset’s price trajectory has formed the so-called “three camel humps.”

The analyst believes that breaking above the major resistance level of $0.75 could lead to a “bullish momentum” and an eventual jump to the range of $1-$1.30.

Dark Defender chipped in, too,  suggesting  that XRP is currently at a “bouncing point” and forecasting that it “will definitely appreciate against BTC very soon.”

Other industry participants, including the crypto analyst Mikybull Crypto and the financial expert Vandell AlJaraah, also gave their two cents recently. 

The former  maintained  that XRP “has concluded its retest and it’s now preparing for an explosive upward move,” while the latter thinks the asset’s valuation will peak in the months after the Bitcoin halving.

Several important factors, including the outcome of the Ripple vs. the SEC lawsuit, can trigger significant price swings for the token. As CryptoPotato  reported , the grand trial between the parties is scheduled for April 23.

Those curious to explore additional elements hinting that XRP is on the verge of explosive growth this year, feel free to check our dedicated video below:

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

CandyBomb x BLESS: Trade to share 4,300,000 BLESS!

Bitget Announcement2025/09/24 07:30

CandyBomb x RIVER: Trade to share 127,000 RIVER!

Bitget Announcement2025/09/24 07:30

Bitget Spot Cross Margin adds AVNT/USDT、SOMI/USDT

Bitget Announcement2025/09/24 03:27

New spot margin trading pair — 0G/USDT!

Bitget Announcement2025/09/23 10:18