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Analyst Predict XRP Price Could Hit $77 in This Bull Cycle

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7 days ago

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A market analyst has presented a bold projection for XRP price movement, suggesting it could reach as high as $77.7 during the ongoing bull market cycle. This prediction is based on the application of advanced technical tools, including Exponential Fibonacci models and Elliott Wave theory, which are often used to forecast long-term price trends in financial markets. 

According to the analyst, conventional linear models fail to capture the compounding nature of crypto price movements, especially during the upcoming altcoin rally.

XRP Price Prediction: Analyst Says $77 Target Possible in Current Bull Cycle

Crypto analyst Dark Defender revealed XRP price could climb to $77.7 during the current market cycle. The forecast is based on the use of Exponential Fibonacci levels, a method he claims is underused in crypto market analysis. He explains that standard linear projections do not reflect the actual growth patterns often observed during accelerated market conditions.

Dark Defender outlines a five-wave impulse structure based on Elliott Wave theory. In his analysis, Wave 3 is positioned as the most explosive part of the cycle. He suggests that the top altcoin rally may first move between $5 and $8 during this wave. A further push toward $18 to $23 is anticipated before the final wave.

Wave 5, the final leg in the structure, is projected to carry XRP price into three-digit levels. His analysis sets the upper range at approximately $77.7, based on the extended Fibonacci measurements. This would mark a substantial increase from current levels and surpass previous highs.

XRP priceXRP price
Source: X

Technical Indicators and Chart Patterns Supporting the Outlook

Dark Defender’s projection includes a review of multiple technical indicators. He references Relative Strength Index (RSI) trends and momentum indicators as supporting factors in his analysis. These tools suggest continued bullish pressure, especially on higher time frames like the monthly chart.

Volume clusters are another factor he incorporates. According to the chart data, strong accumulation zones have formed, typically supporting future crypto rallies. He also notes that current price movements mirror those of previous bull runs, reinforcing the idea of an upcoming altcoin rally.

Chart structures from earlier cycles show similar formations that preceded large price expansions. These historical similarities, momentum signals, and volume behavior form the basis of his extended projection for the XRP price.

Meanwhile, another more bullish analysis projects the Ripple token could cross $1,000 if the partnership with SWIFT leads to the global adoption of XRP for real-time liquidity in cross-border payments. Analysts suggest that such integration would require massive XRP reserves and institutional demand, which could drive the altcoin rally.

Additionally, analyst Egrag Crypto has also shared a bullish forecast for XRP price earlier on. He places initial targets between $5 and $6, with a possibility of reaching $10. His prediction is partly tied to the recent resolution of the Ripple lawsuit by the U.S. Securities and Exchange Commission, which some believe could act as a catalyst for further gains.

Egrag Crypto’s analysis also uses Fibonacci levels, identifying consistent full-body monthly candle closings above Fib 1.0. He states that this chart’s behavior reflects price strength and momentum. A potential altcoin rally to the Fib 1.618 level, targeting up to $10, remains a possibility according to his analysis.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BitGo CEO Calls For Regulation Amid Galaxy Digital’s Settlement

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6 hours ago

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March 29, 2025

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Mike Belshe, the CEO of BitGo, has commented on the recent settlement between Mike Novogratz’s Galaxy Digital and the New York Attorney General (NYAG). Known as one of the top advocates of deregulation, Belshe, per his latest updates on X, appears to favor regulatory intervention to prevent some fraudulent practices in the industry. 

BitGo CEO Comments on Galaxy Digital Settlement

Responding directly to a post from Anthony Scaramucci, Belshe said it is hard to deny that NYAG laid a compelling case against Galaxy Digital. He highlighted the firm’s pump-and-dump actions. The BitGo CEO noted that selling tokens as soon as they are vested and shilling to HODL when one is actually selling is wrong.

Notably, he reiterated his respect for Novogratz and his contributions to the industry. However, considering the NYAG’s position, Mike Belshe said Galaxy Digital’s actions are unethical. 

‘So, legal overreach or not, it’s not ethical, and this type of behavior makes our entire industry look bad. Unchecked, this is what leads to “over-regulation,”’ he said, advocating for users to read the controls put onto Galaxy as part of this settlement!

The Advocacy for Crypto Regulation

As reported by CoinGape, Galaxy Digital settled with NYAG with $200 million over the controversial Terra (LUNA) sales. The BitGo CEO said if the right regulations are not in place and top leaders are this manipulative, the industry may not be taken seriously.

In his calls for oversight, Mike Belshe defined this as ‘Principles-based regulation.’ He further explained what he meant, noting that no one should lie to promote assets they hold. He also advocated that influential leaders should not tell others to buy while hiding the fact that they are selling.

Over the past few years, industry leaders have often denounced the regulation through key regulators’ enforcement tactics. Things have changed drastically since Mark Uyeda came on board as Acting Chair of the US SEC.

The commission has even established a Crypto Task Force to help introduce frameworks to guide the industry.

President Trump Fulfilling Campaign Promises

The BitGo CEO’s new crypto regulation push is not on the radar. While industry experts like John Deaton agreed with his proposition, US regulatory agencies are cleaning the house to help fulfill President Donald Trump’s campaign promises.

In a recent update, the FDIC advised Federal Banks about crypto. The commission said financial institutions under its umbrella do not need prior approval to gain exposure to the crypto industry. Thus far, this positive regulatory shift has triggered a new adoption trend for the digital currency ecosystem.

One of the core positive moves was Fidelity Investments’ launch of a stablecoin on a public blockchain.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Here’s Why Crypto Market Is Bleeding Today

Published

14 hours ago

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March 29, 2025

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The drawdown in the broader crypto market has extended to this weekend as losses shifted from Bitcoin (BTC) to altcoins. The combined market cap has lost 2.82% to $2.68 trillion, which suggests the selloff might deepen more. With the mix of bullish news in the trailing 7-day period, the question among analysts remains what is behind the latest slump.

What Is Behind Crypto Market Crash?

Since the inauguration of President Donald Trump, the broader digital currency ecosystem has witnessed positive backing. 

As reported earlier by CoinGape, President Trump granted full pardon to Arthur Hayes, and other BitMEX co-founders Benjamin Delo and Samuel Reed. While this news is localized to the beneficiaries, it generally signals the positive shift in White House’ perception of the industry.

Despite these updates, the crypto market is still reeling with losses. The same Trump administration’s trade policies have continued to weigh down investor sentiment. The April 2 reciprocal tariff timeline has placed investors on the edge.

These tariffs and trade wars have ushered in economic uncertainties and potential inflation drag. With the Federal Reserve keeping rates unchanged, the impact of inflation may force traditional firms to adjust their positions. This in turn impact the crypto market sentiment overall.

Bitcoin and Altcoin Performance Review

As of writing, the price of BTC has lost its $83,000 support and currently trading at $82,476.30 per data from CoinMarketCap. The top coin has fallen by 2.43% in 24 hours and has extended its Year-to-Date (YTD) losses to 12.5%.

Top altcoins have also lost their positions with Ethereum down 2.25% to $1,846. XRP has fallen by more than 3% to $2.115, while Cardano has shed off 3.92% to $0.6721. The altcoin response has seen Dogecoin forming a wedge pattern in what may serve as a make-it-or-break-it switch for the memecoin. 

While it appears as though many of these top assets are bottoming out, their correlations with Bitcoin may extend their overall drawdow.

What Next for the Crypto Market?

Thus far this year, top coins like Bitcoin have often showcased resilience in the face of massive sell-off and crypto liquidations. Although the current price floor for Bitcoin remain undefined, with analysts keeping an eye on the $82,000 floor.

The digital currency has not breached this level in close to two weeks. While legendary trader Peter Brandt agrees BTC price may fall to $65,635, this bearish projection may be averted if the $82,500 support holds through the weekend.

Altcoins may likely boost their price recovery by relying on BTC breakout and their internal fundamental updates.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Here’s Why Peter Schiff Predicts Bitcoin (BTC) Price Crash to $10K

Published

23 hours ago

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March 29, 2025

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Peter Schiff, a BTC critic, has recently predicted that Bitcoin price could plummet to as low as $10,000. Schiff has expressed concerns over Bitcoin’s long-term viability, particularly in comparison to gold. His argument revolves around Bitcoin’s current performance, which he believes is being driven by short-term hype rather than solid fundamentals.

Schiff’s prediction is particularly alarming for those who view Bitcoin as a store of value. In the current trends, Peter Schiff notes that millions of young people are invested in Bitcoin while gold, a standard hedge, is pushing higher.

This view stems from his assertion that when gold prices rise to new record levels then the value of Bitcoin may plummet.

“By the time they get to their target of $5K for gold, they will drag Bitcoin down to $10K, meaning a drop of 95% from the highest it was valued at in 2021,” Schiff reasoned.

Bitcoin Price Recent Performance Against Gold

Another issue that Schiff dislikes about Bitcoin also revolves around its categorization as a “risk asset.” He says that BTC price movements are synchronized with the rest of the market, especially when investors are more willing to take risks. While gold provides investors with a safe-haven, the Bitcoin price operation is defined as having a volatility closer to that of the traditional markets among investors. Therefore, as argued by Peter Schiff, BTC price may decline as investors turn to the safe-havens, such as gold, in turbulent times.

Market Analyst Weigh In On Bitcoin Trend

Several market analysts are echoing Schiff’s concerns, suggesting that Bitcoin price could face challenges in the near term. Peter Brandt, a veteran trader, has pointed out that Bitcoin might be on a path to $65,635, citing a “bear wedge” pattern that has emerged in the cryptocurrency’s price charts.

Meanwhile, crypto trader Michaël van de Poppe shared his own cautious outlook on Bitcoin’s short-term prospects. Van de Poppe noted that while Bitcoin price has been holding above the $80,000 mark, its price action is starting to show signs of weakness. He added, “It starts to look slightly less good,” and suggested that if Bitcoin falls below $84,000, a deeper correction could be imminent.

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Similarly, the crypto trader TheKingfisher expressed doubts about a sustained bullish recovery, indicating that Bitcoin’s current price movement aligns with a typical market cooldown. He suggested that Bitcoin could be approaching a “seasonal reset” as part of the broader market trend.

Alternative Views on Bitcoin’s Future Trend

Not everyone shares Peter Schiff’s pessimism about Bitcoin price. Charlie Morris, founder of ByteTree, highlighted that despite recent challenges, Bitcoin may have already seen its worst. He explained that while gold ETFs are experiencing slower inflows, Bitcoin could be positioned for a potential recovery.

This view contrasts sharply with Peter Schiff’s, emphasizing that the cryptocurrency may not be as doomed as some critics suggest.

Additionally, Robert Kiyosaki, author of Rich Dad Poor Dad, has weighed in on the broader market of precious metals and cryptocurrencies. While Kiyosaki acknowledged Bitcoin’s role as a hedge against inflation, he predicted that silver would outperform both Bitcoin and gold in the near term

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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