XRP Coin increased by more than 3 percent today to $ 2.46. Meanwhile, a strong increase in the transaction volume of 49 percent was experienced. Behind this ascension, US President Donald Trump has planned to be implemented as of April 2: The wave of optimism created by the lightening of concerns about mutual customs tariffs in the crypto market lies. Reports show that tariffs may be less severe than expected.

Positive developments for XRP and Crypto Money Market

Bloomberg reported that there are potential exemptions for some countries and that existing tariffs on steel and other metals may not be cumulative. This news increased the general market sensitivity by relieving investors’ concerns.

Previously, Donald Trump’s aggressive trade policies often uneasy the financial markets, causing decreases both in stocks and crypto currencies. As you followed from Kriptokoin.com, Bitcoin (BTC) decreased by 17.6 %in February, fell by 17.6 %to the economic uncertainty and fell below $ 80,000.

In addition to the positive atmosphere, the Federal Reserve recently reduced economic growth forecasts while setting up the inflation forecast upwards. A separately, SEC decided to reduce the appeal against Ripple Labs and provided relaxation and regulatory clarity after years of legal struggles.

XRP Coin price targets

Crypto analyst Dark Defender, a bold prediction for XRP Coin, argues that the token can reach $ 77.7 in this market cycle. In his guess, he uses the levels of exponential fibonacci, a method that analysts often overlook. Dark Defender’s analysis takes advantage of the Elliott Wave theory, which defines price movements in configured waves. From his perspective, a five wavy impulse is foreseen. In this analysis, the 3rd wave is expected to be the most explosive wave and push the XRP to the range of 5 to 8 dollars.

Source: Dark Defender / X

Following the wave 3, a short correction will take place in Wave 4 before another major rise movement. The 5th wave will then be the last move and will move the XRP to new summits between $ 18 and $ 23 and provide a potential extension up to $ 77.7. If XRP Coin follows this model, it can perform significantly better than its previous peaks.

What does XRP show the current price analysis?

Meanwhile, the relative power index of the XRP (RSI) is currently around 52 in the neutral to rise zone. A movement over 60 will indicate that the bull momentum has increased. It will also show potentially the wave 3 starts.

In addition, the price of the XRP is close to the mid Bollinger band and suggests consolidation. A break on the upper band at $ 2.61 can trigger the next leg by verifying Dark Defender’s wave projection.