---
title: "Fake Ripple ETF News Stir the Market but XRP Price to Surpass $1 Anyways: Analyst"
url: https://diffcoin.com/fake-ripple-etf-news-stir-the-market-but-xrp-price-to-surpass-1-anyways-analyst/
description: "\"Short-term target of $0.87-$1.05 stays the same and gets stronger now,\" Dark Defender said."
published: 2023-11-15
updated: 2023-11-15
author: "Mila"
site: "Diffcoin"
---

# Fake Ripple ETF News Stir the Market but XRP Price to Surpass $1 Anyways: Analyst

**TL;DR**

- **XRP’s Recent Price Fluctuations**: Ripple’s XRP experienced volatility, spiking to over $0.70 due to false news about BlackRock’s involvement, then retracting to around $0.65 once the information was debunked.
- **Analyst Optimism**: Despite the market turbulence, analysts like Dark Defender on Twitter remain bullish on XRP, maintaining a short-term target of $0.87-$1.05, bolstered by XRP closing above $0.6649.
- **Upcoming Predictions for XRP**: Dark Defender forecasts XRP could reach around $0.87 by November 19, provided it surpasses the $0.68 resistance level.

## XRP Short-Term Target ‘Stays the Same’

Ripple’s native token – XRP – has been on a rollercoaster in the past few days. Its price briefly soared to over $0.70 on November 13, prompted by the fake news that the world’s largest digital asset manager – BlackRock – had registered the iShares XRP Trust in Delaware. The asset’s valuation quickly retraced to around $0.65 once it turned out that the information was false.

Despite the turbulence, some analysts remain optimistic that XRP could soon chart a new yearly peak. One such person is the X (Twitter) user Dark Defender.

> “The good news is that XRP closed the daily candle above $0.6649 and continues to stay above it today. Short-term target of $0.87-$1.05 stays the same and gets stronger now,” they [said](https://twitter.com/DefendDark/status/1724351124583399445).

The analyst further maintained that crypto ETFs would soon see the light of day in America since “there is no smoke without fire.” The launch of such a product in the States is considered a highly positive factor that could trigger a bull run in the entire digital asset market.

## XRP Ready to Jump This Week?

Dark Defender recently laid out another prediction, according to which XRP might rise to approximately $0.87 on November 19. To do so, it must overcome the $0.68 mark, which the analyst described as “small resistance.”

Those curious to check how Ripple’s token might perform in the remaining quarter of the ongoing year could take a look at our dedicated video below:

[https://www.youtube.com/watch?v=japu5zwWP0U](https://www.youtube.com/watch?v=japu5zwWP0U)

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[Source link](https://cryptopotato.com/fake-ripple-etf-news-stir-the-market-but-xrp-price-to-surpass-1-anyways-analyst/)